As part of Tearsheet Talks: Lending x Credit, Data, Rishi Kapadia, product manager at Akoya, discussed "The Financial Data Evolution: Unraveling Lending in Open Finance."
Kapadia sees open finance facilitating an evolution in the whole user experience in the lending process.
Learn strategic and tactical best practices for maximizing the fusion of internal and external data to enhance credit decisioning and risk management for SMB lending.
Stripe's Yaakov Ehrlichman, head of capital and SMB risk, covers both conceptual and implementation considerations for reconciling data sources tailored to the unique needs of the SMB market.
The POS market continues to grow, driven by digitalization and new vertical offerings, but there's a lack of available data around SMB revenue, growth trends, and other metrics to help capture these businesses as customers.
Data firm Enigma provides comprehensive data about the identity and financial health of millions of businesses, enabling visibility into real revenues and financial trends across this growing market.
With fraud evolving, prevention and detection mechanisms are changing as well.
FIs and technology providers are turning towards approaches where critical data about fraudulent activities can be shared with FIs and businesses in the ecosystem via a network approach.
