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forbes.com
🌐 75% Global Worthiness
Outdated Loan Underwriting Practices in US Banks Hinder Small Businesses
US banks' manual underwriting of small business loans, reliant on credit scores, is slow, expensive, and biased, rejecting many deserving businesses; a shift towards transaction data analysis like cash flow offers a more accurate and inclusive assessment, already implemented by some progressive bank...
Outdated Loan Underwriting Practices in US Banks Hinder Small Businesses
US banks' manual underwriting of small business loans, reliant on credit scores, is slow, expensive, and biased, rejecting many deserving businesses; a shift towards transaction data analysis like cash flow offers a more accurate and inclusive assessment, already implemented by some progressive bank...
Progress
52% Bias Score
Reduced Inequality
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