NEW REPORT FROM LENDSCAPE EXPLORES THE ROLE OF TECH AND DATA IN HELPING LENDERS TO MITIGATE RISK AND DELIVER GREATER VALUE FOR CUSTOMERS, Oct 2022

By Lendscape, ITFA member

The Alternative finance providers have a unique opportunity to address the funding gap in the Asia-Pacific economy – estimated by one industry expert to be in the realm of $2tn. However, the number of B2B bad debt write-offs has increased tremendously in recent years. Critical though their contribution may be, alternative finance providers need to manage their risk exposure.

Most lenders are already aware of the need to monitor and mitigate risks for profitability and compliance. In one study published late last year, almost three-quarters of financial services decision-makers said that improving the accuracy of their risk decisions would be either a “high” or “critical” priority over the next 12 months. But how can lenders deliver those improvements, and what strategies can they employ to strengthen their risk management as a whole?

This short paper discusses how lenders can leverage data and modern technology to mitigate risk and offer greater value-add for their SME customers.

To view the full report, click here.

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