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According to the Federal Reserve report, these are the main problems that usually interfere with SMB/SME solutions and prevent their success: difficulty obtaining sufficient data for decision making, low data quality, difficulty identifying interest rates or estimate costs, inconsistent use of data and benchmarks, etc.
The lending ecosystem was undergoing a gradual transition for some time.
Stakeholders are now ready to embrace a change in the processes; there is now better clarity and alignment to the eMortgage processes, and better infrastructure is available to deal with the advanced automation.
It’s no longer enough to simply be digital-first to compete in the lending space. Here are several points that can help your platform grow market share, increase revenues, or take another investment round.
Data is the blood of the modern world. Imagine Fintech as a living being — if it has blood issues, it is sick and weak. Efficient data processing is all about Fintech health.
BNPL tools experienced unprecedented growth last year. Here are several points that can help your BNPL solutions grow market share, increase revenues, or take another investment round.
Learn why migration is beneficial not only for development but also for business, and how to migrate almost any application to a cutting-edge framework.