February 29, 2016 | Data Informed
“If you are a small business owner, you likely have felt underserved by traditional lenders. If so, you aren’t alone. Many traditional lenders have steadfastly underserved the small business market due, in large part, to a reliance on antiquated systems and data for the underwriting processes – that is, evaluating the risk of a loan. To take that one step further, the reliance on antiquated systems also means that there is an inability to process new and emerging data sources, which contain extraordinarily powerful signals of business performance and credit risk.”
To read this article in full, a guest post by OnDeck’s SVP of Data and Analytics Krishna Venkatraman, click here.