Mind the Gap: The Need for Speedy, Accessible SME Lending in EMEA
Small-to-Medium Enterprises (SMEs) are the champions of economy, representing 90% of all businesses worldwide and providing more than 50% of employment. But despite their essential role, 40% of global SMEs don’t have access to the funding they need to operate. In EMEA, that figure encompasses roughly half of small-to-medium sized businesses.
That leaves a global $5.2 trillion funding gap that could help both businesses and lenders grow.
So why hasn’t this opportunity been seized? Examine the biggest challenges facing SME lenders and discover the solutions that will help bridge the gap in our ebook, Mind the Gap: The Need for Speedy, Accessible SME Lending.
Uncover how you can tap into diverse lending opportunities and implement the technology to:
Mind the Gap: The Need for Speedy, Accessible SME Lending in Latin America
Small-to-Medium Enterprises (SMEs) are the champions of economy, representing 90% of all businesses worldwide and providing more than 50% of employment. But despite their essential role, 40% of global SMEs don’t have access to the funding they need to operate. In Latin America, 87% of SMEs are unable to get the funding they need.
That leaves a global $5.2 trillion funding gap that could help both businesses and lenders grow.
So why hasn’t this opportunity been seized? Examine the biggest challenges facing SME lenders and discover the solutions that will help bridge the gap in our ebook, Mind the Gap: The Need for Speedy, Accessible SME Lending.
Uncover how you can tap into diverse lending opportunities and implement the technology to:
Mind the Gap: The Need for Speedy, Accessible SME Lending in Asia Pacific
Small-to-Medium Enterprises (SMEs) are the champions of economy, representing 90% of all businesses worldwide and providing more than 50% of employment. But despite their essential role, 40% of global SMEs don’t have access to the funding they need to operate. Forty-six percent of those SMEs are located in APAC.
That leaves a global $5.2 trillion funding gap that could help both businesses and lenders grow.
So why hasn’t this opportunity been seized? Examine the biggest challenges facing SME lenders and discover the solutions that will help bridge the gap in our ebook, Mind the Gap: The Need for Speedy, Accessible SME Lending.
Uncover how you can tap into diverse lending opportunities and implement the technology to:
Mind the Gap: The Need for Speedy, Accessible SME Lending in North America
Small-to-Medium Enterprises (SMEs) are the champions of economy, representing 90% of all businesses worldwide and providing more than 50% of employment. But despite their essential role, 40% of global SMEs don’t have access to the funding they need to operate. In North America, that figure encompasses roughly 41% of small-to-medium sized businesses.
That leaves a global $5.2 trillion funding gap that could help both businesses and lenders grow.
So why hasn’t this opportunity been seized? Examine the biggest challenges facing SME lenders and discover the solutions that will help bridge the gap in our ebook, Mind the Gap: The Need for Speedy, Accessible SME Lending.
Uncover how you can tap into diverse lending opportunities and implement the technology to:
James Syron joined the financial services industry after seeing the gaps in traditional credit assessment firsthand.
As DirectID’s Partner Manager, James is committed to preventing others from making the harmful credit decisions he did in his youth. And that’s why he’s so passionate about open banking and its impact on financial education and inclusion.
He sat down with North America host Kathy Stares to dive into the brave new world of open banking – what it means for consumers, SMEs, and lenders themselves. How has the use of alternative data grown in recent years? Who’s willing to share it? What impact does it have on risk assessment? We’ll answer these questions and more on today’s episode of The Disruptor Sessions.
Frictionless, End-to-End Onboarding with Case Management
How to enhance customer experience and operational efficiency
How can you easily optimize applications and cases that need human intervention? And still ensure an end-to-end, holistic approach that reduces friction and improves operational efficiency?
Discover how a referral handling solution that can integrate seamlessly with your decisioning solution can help ensure frictionless investigations and streamlined onboarding experiences for your customers.
Discover how to expedite case handling for frictionless customer experiences
Mind the Gap: The Need for Speedy, Accessible SME Lending
Small-to-Medium Enterprises (SMEs) are the champions of economy, representing 90% of all businesses worldwide and providing more than 50% of employment. But despite their essential role, 40% of global SMEs don’t have access to the funding they need to operate.
That leaves a $5.2 trillion funding gap that could help both businesses and lenders grow.
So why hasn’t this opportunity been seized? Examine the biggest challenges facing SME lenders and discover the solutions that will help bridge the gap in our ebook, Mind the Gap: The Need for Speedy, Accessible SME Lending.
Uncover how you can tap into diverse lending opportunities and implement the technology to:
Building Technology Bridges How To Deliver Fast, Accurate, Accessible SME Lending
Small-to-Medium Businesses (SMEs) are the lifeblood of our economy, making up the majority of global enterprises and providing employment to half of the world’s workforce. But SME lenders have been unable to keep up with funding demand, leaving a multi-trillion dollar gap between success and failure for many of these businesses.
But lenders can begin to close that gap and seize opportunity with digital lending technology. To learn how, explore the infographic below and bridge the gap to better SME lending.
We’re using 2023 hindsight to predict the biggest trends in financial services for 2024.
For our first episode of Season 2, our Provenir hosts share their insights on the biggest lessons from 2023 and gaze into their crystal balls to forecast what 2024 might look like across the industry.
Listen in for the unique, on-the-ground perspectives from hosts Kathy Stares for North America, Bharath Vellore for APAC, and José Vargas for LatAm.
From digitization, to credit inclusion, to operationalizing technology – and, yes, AI – our leaders break down the nuances in their regions and the trends you can’t miss.
Listen Now
Tune into our Podcast on Apple or Spotify by clicking the icons below.
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Spotify Podcast
The Panelists:
Kathy Stares
Kathy Stares is the Executive Vice President of North America at Provenir, a global leader in AI-powered risk decisioning software. As a member of Provenir’s executive team, she is introducing creative account management approaches to support the company’s aggressive growth strategy.
Kathy brings more than 20 years of experience in fintech and has a deep knowledge and curiosity about risk decisioning innovation. She’s passionate about helping organizations leverage data and technology to build world-class experiences for their customers.
Prior to joining Provenir, Kathy was Chief Customer Officer at enStream, Canada’s provider of mobile verification services. Kathy received a Bachelor of Arts degree from the University of Toronto and attained the Women of Influence certificate. Kathy also volunteers for the Menttium organization.
Bharath Vellore
As General Manager of Asia-Pacific at Provenir, Bharath is spearheading the effort to expand Provenir’s presence in the region. He is driving the company’s strategy to quickly increase engagement with the growing number of fintechs and innovative banks seeking access to industry-leading data and AI-powered risk decisioning software for real-time credit decisioning. Vellore oversee all regional business operations including sales, pre-sales, professional services, and customer success.
Bharath brings more than 15 years of experience working with Financial Services driving revenue growth, regional expansion and business development. Prior to joining Provenir, Vellore held leadership positions at LexisNexis Risk Solutions and Dow Jones.
José Vargas
José Vargas is the executive vice president and general manager for Provenir Latin America. In this role, Vargas is responsible for leading Provenir’s ambitious expansion plans to triple its footprint in the region.
During his career, José has built and led successful sales, business development and consulting teams. He is passionate about financial inclusion, technology and inspiring a high-performance culture.
Prior to joining Provenir, Jose served in various leadership positions at FICO including Senior Business Consultant in Americas and Asia, Regional Senior Director in LAC, and Vice President & Managing Director for Western Europe & Israel. Prior to joining FICO, José spent five years in the financial services industry of Mexico and Latin-America working for Scotiabank and Citibank.
Kathy Stares
Kathy Stares is the Executive Vice President of North America at Provenir, a global leader in AI-powered risk decisioning software. As a member of Provenir’s executive team, she is introducing creative account management approaches to support the company’s aggressive growth strategy.
Kathy brings more than 20 years of experience in fintech and has a deep knowledge and curiosity about risk decisioning innovation. She’s passionate about helping organizations leverage data and technology to build world-class experiences for their customers.
Prior to joining Provenir, Kathy was Chief Customer Officer at enStream, Canada’s provider of mobile verification services. Kathy received a Bachelor of Arts degree from the University of Toronto and attained the Women of Influence certificate. Kathy also volunteers for the Menttium organization.
Bharath Vellore
As General Manager of Asia-Pacific at Provenir, Bharath is spearheading the effort to expand Provenir’s presence in the region. He is driving the company’s strategy to quickly increase engagement with the growing number of fintechs and innovative banks seeking access to industry-leading data and AI-powered risk decisioning software for real-time credit decisioning. Vellore oversee all regional business operations including sales, pre-sales, professional services, and customer success.
Bharath brings more than 15 years of experience working with Financial Services driving revenue growth, regional expansion and business development. Prior to joining Provenir, Vellore held leadership positions at LexisNexis Risk Solutions and Dow Jones.
José Vargas
José Vargas is the executive vice president and general manager for Provenir Latin America. In this role, Vargas is responsible for leading Provenir’s ambitious expansion plans to triple its footprint in the region.
During his career, José has built and led successful sales, business development and consulting teams. He is passionate about financial inclusion, technology and inspiring a high-performance culture.
Prior to joining Provenir, Jose served in various leadership positions at FICO including Senior Business Consultant in Americas and Asia, Regional Senior Director in LAC, and Vice President & Managing Director for Western Europe & Israel. Prior to joining FICO, José spent five years in the financial services industry of Mexico and Latin-America working for Scotiabank and Citibank.
The past year has highlighted an unsettled global climate, making it difficult for financial services companies, including fintechs and other lenders, to mitigate risk effectively. Economic KPIs are slowing as both institutions and consumers alike react to the new normal – so how can we help credit providers stay ahead of the competition?
Watch this on-demand webinar, where our panel of experts are sharing key insights on how to stay profitable amidst rapidly evolving market conditions.
With concrete examples from Turkey and elsewhere, this lively discussion include tips on:
How to take advantage of non-traditional data to confidently do business with more marginal/subprime applicants
Ways to segment customers to target the appropriate upsell/cross-sell and renewal activities
Staying ahead of the curve in identifying more fragile customers – before they default
How to implement rapid reaction feedback loops within each stage of the customer lifecycle
Trend reporting on key KPIs
How to implement and test new credit and fraud policies without additional risk
Don’t miss this opportunity to glean insights from the experts and ensure you can continue to grow your business, even in uncertain economic conditions.
