Fintech firms have challenged traditional commercial lending patterns by using technology to assess risk in-house and give borrowers competitive rates, said Morgan Terigi (pictured), trfnews Editorial Board Member and Co-Founder & CEO, Incomlend. Fintech lenders are transforming the commercial lending market by leveraging advanced analytics, automation, and data-driven decision-making. These organisations assess risk in-house using new technologies, resulting in more accurate risk assessments and quicker commercial lending procedures.
In this article, we will look at how fintech firms analyse risk, achieve cost efficiency, and use technology to help borrowers.
Improved Risk Assessment
