Analytics essential as small business lending shifts [Video]
Small business lending continues to be valuable for banks of all sizes. The problem is that providing small business loans is universally a time-consuming process.
Banks put significant resources into building and managing relationships to support small business loans.
Alternative lenders, on the other hand, have stepped in with highly automated, efficient loans that are disrupting the space.
Banks and credit unions can use risk analytics platforms to take on the underlying functionality that alternative lenders benefit from.
With analytics in place, firms can put more resources into relationships while reducing the expenses and overhead associated with small business lending.
GDS Link is emerging as a leader in the risk analytics space, positioning banks and credit unions to adapt in response to alternative lending.