Automation can minimise SME lending risks

Experian advocates automated lending and credit scoring for SMEs to help lenders manage risk in Asia.

Evaluating the default potential of small and medium-size enterprises SME can be difficult and lengthy, and can lead to undue risks for both the lender and borrower, says Nigel Rusby, a principal consultant on the global consulting team of Ireland-based Experian.

According to Rusby, there is a growing realisation among lenders that the manual processes typically used when lending to SMEs are harmful to both sides of the transaction, and that automation can offset those...

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