The Future of Small Business Lending with Open Banking.
summary
Claims a $750 billion gap in US small business funding with 59% of firms underserved and 70% worried about capital, and argues the market could be ~50% larger for firms under $10M (even microbusinesses under $200K). Describes a built platform, Biz2X platform, that ingests open banking feeds (Mastercard Open Banking, Investnet Yodlee, Plaid), generates a lending-ready score, plugs into a configurable proprietary credit model, and shortens underwriting time while reducing risk and raising lender profitability. Reports billions facilitated since 2008.
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chapters (10)
- 0:00Small business lending gap
- 1:27Funding gap causes
- 3:54Small lenders digital struggle
- 6:41Digital readiness in banking
- 7:43Frictionless digital finance demand
- 9:06Open banking benefits for lenders
- 11:09Biz2X open banking integration
- 12:53Biz2X open banking APIs
- 14:19Automated underwriting with data
- 15:43Closing gap with open finance
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