As the economy normalizes, the outlook for small businesses remains strong. The latest Equifax Small Business Lending Index data saw a record high for the third consecutive month for the 3-month moving average. A key part of the lending environment is alternative finance, or fintech, lenders, who have long been streamlining and automating the credit approval process—and capturing market share. Fintechs have started to step away from traditional underwriting platforms and traditional credit data, relying on alternative data to drive their customer experience and decision-making. This has led to a rise in non-traditional players providing financial services and leveraging payment services such as buy now, pay later (BNPL). What do these trends mean for traditional financial service providers—and for small businesses seeking access to capital post-pandemic?
Join Equifax as we explore the shifting fintech landscape and implications for the small business economy, featuring Keybridge Founder and President Dr. Robert Wescott presenting an economic update and the near-term outlook for small businesses. Equifax experts will share the latest credit trends and small business lending and delinquency activity. Finally, SVP and General Manager of Commercial Bill Phelan will go in-depth with Leader of FinTech & Alternative Finance Sharla Godbehere on the shift in consumer behavior and lending behavior that is driving the transformation of the eCommerce economy.
This webinar will cover:
- U.S. Economic Update
- Consumer & Small Business Credit Insights
- Shifts in Fintech
- Understand the latest economic and market trends
- Learn the latest small business trends across industry sectors and geographies
- Learn what the latest shifts in fintech mean for small businesses
Webinar broadcast date: 9/2/2021
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