Members Only Webinar - Credit Scorecards and Big Data
How can banks use big data for smarter decision making in SME banking? The majority of SMEs in emerging markets are informal and lack standard financial and business information that traditional banks require for SME lending. How can banks decrease their reliance on formal financial statements from small businesses? This webinar will share a case study from Standard Chartered Bank that has successfully developed an alternative approach using other sources of data to assess creditworthiness of SMEs, such as the consolidated bank statements or accounting books. We will also hear from Kabbage, an online financial technology company that provides funding directly to small businesses and consumers through an automated lending platform.