Small Businesses Look to Fintech to Change How They Seek Financing

The rise of artificial intelligence, big data and machine learning is changing the way small businesses are doing things. Banking institutions are in a hurry to collaborate with fintech providers to find solutions that offer small businesses an opportunity to seek financing. In countries like the United States, for example, there are more than 30 million small businesses that make up about 99% of all businesses in the country. They offer employment to millions of citizens and contribute immensely to the economy. As the gig economy continues thriving, financial institutions are seeing a booming market that can generate massive returns from small businesses.

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Report Shows Small Business Credit Conditions Rebound to Reach All-Time High

Experian(®), the leading global information services company, today announced that following a tough first three months of the year, small-business credit conditions rebounded in the second quarter of 2014 to reach their highest level on record. According to the most recent Experian/Moody's Analytics Small Business Credit Index, the improvement was driven by an expansion in outstanding credit balances as well as a decline in overall delinquency rates. These and other business credit and macroeconomic trends impacting small-business health will be presented in Experian's Quarterly Business Credit Review Webinar on Sept. 4, 2014, at 1 p.m. Eastern time. Read more...

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