Financial platforms combine lending with real-time data
SiliconANGLE: Beyond the books: Real-time data is driving a small-business lending surge
Small businesses have long treated cash flow management as an afterthought, tallying expenses after the money is gone. Now, financial platforms are folding payments, payroll, credit and lending into one system that can see money moving both ways — and predict where it is headed. That shift puts software providers in direct competition with banks […] The post Beyond the books: Real-time data is driving a small-business lending surge appeared first on SiliconANGLE.
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Financial platforms are now combining payments, payroll, credit, and lending into single systems that monitor money moving in and out of small businesses in real time. This shift allows software providers to compete with traditional banks by using AI to predict cash flow shortages and proactively offer credit products. Unlike traditional lenders who rely on outdated credit bureau data, these platforms can analyze hundreds of thousands of real-time data points per business to make lending decisions. One major software provider increased its small-business lending from about $400 million annually four years ago to almost $7 billion in its most recent fiscal year, demonstrating the scale of this trend.
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