Tag: Fintech
March 24, 2022
Impact of Web 3.0 on the FinTech Industry
The wave of FinTech evolution worldwide changed drastically over time to become a blistering opportunity on Wall Street and in the Silicon Valley. The evolving potential of FinTech from 1.0 to 3.0 forced the traditional banking systems and financial service companies to follow a revolutionary[...]
September 30, 2021
The Importance of Choosing a Trusted LOS Partner
The technological disruption in the financial services industry has spurred financial institutions to take a pause and take notice of their many gaps. Gaps in the form of process inefficiencies, errors, poor turnaround times, increased dependencies on human intervention, unscalable business models, and worst of[...]
June 24, 2021
How COVID 19 has Changed the Demand for SME Lending?
29% of small businesses fail because they do not have sufficient capital. Only 48% of small businesses have their funding needs met. 56% of SMEs apply for a loan to expand their business, acquire new assets, or pursue new business opportunities. 36% of SMEs were[...]
June 10, 2021
7 Must-Know Things About Working Capital Loans
Working capital is the lifeblood of your business. It is one of the most crucial metrics to measure how your business is doing. It’s needed to boost growth, manage day-to-day expenses, and also make discretionary or emergency payments when needed. Working capital is much more[...]
May 27, 2021
Cash Flow: What It Is and Why It Rules Small Business Lending
Cash is the lifeblood of a business. Strong cash flow is a marker of a healthy business that is thriving. How important cash and finance is to any business does not need any description. Frequent phrases like, “Cash is King” and “Turnover is vanity, profit[...]
May 20, 2021
Increase Efficiency Of Lending Operations With Cloud Software
The fintech lending industry is set to grow at a whopping rate in the next couple of years. P2P lending itself is expected to reach the U$567.3 Bn mark by 2026, with an expected CAGR of 26.6%. Competition is ripe in the industry and so[...]