Create profitable small business lending by standardizing and automating risk assessment

Over the last decade, financial institutions have struggled to maintain market share in the small business (SMB) lending space as they’ve tried to balance sound risk assessment and speed, hampered by slow technology adoption. 

This webinar explores how banks and credit unions can regain competitiveness by leveraging standardized risk scoring for small business loans. By adopting a universal and comprehensive score, institutions can analyze portfolio trends, provide insights into application outcomes, and enhance risk management. This is crucial for retaining relationships and deposits long-term while also ensuring profitable small business lending growth. 

You will learn:

• Why community financial institutions are seeing their market share shrink in SMB lending
• How standardized risk assessments improve efficiency, monitor risk, and get funds to borrowers faster
• How to use data from risk score models to sustain banking relationships and offer additional revenue opportunities