To gain insights into SME lending trends including Asia Pacific and a new approach to the SME credit lifecycle
Governments globally are demanding that Retail Banks boost their lending to Small and Medium Sized Enterprises (SMEs), and do so at lower interest rates.
Banks – which have historically been prudent in their SME lending activities – are keen to lend, however there are challenges when lending to SMEs, including the operational cost of a lending decision, and the generally perceived difficulty of monitoring and controlling bad debt.
• The challenges of SME lending today. Challenges are including high costs to serve, political pressure to increase lending, rising insolvencies and increased collection activities, and complexity of the SME customer base.
• A new approach to the SME credit lifecycle. Find out how the new approach can help you in the SME credit lifecycle - "Lean-lining’ the SME lending environment", "a holistic picture of SME risk through data insight", "turning insight into action", "portfolio segmentation", and "the availability of historical information".
• Manage risk, control costs, improve the customer experience. The benefits of an automated SME lending system are to reduce time and cost of the application assessment process, reduce the bad debt and deploy immediate, consistent and appropriate decision and manage change.
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