Thank you for sharing this article and glad to see that Fintech can be a force for good. While there are obvious advantages for the unbanked and underbanked, Fintech can support small businesses during these turbulent times as well.
Newly incorporated businesses face the challenge of getting loan approvals due to the lack of a credit history - a key metric that lenders use to gauge financial stability. Fintechs, through accounting APIs, can help SMEs overcome this challenge by providing alternate data sets to help lenders gauge their risk profile. This alternate data can be accessed through an SME’s cloud accounting platform.
We are Railz, a data-as-a-service API. We provide our customers real-time data on their customers' through a single API that connects to their accounting software. Our risk scoring algorithms generate metrics and scores that can be used to help identify, quantify and manage the credit and financial risk of SMEs. Feel free to check our website to learn how we provide risk scoring through our API solution.
Newly incorporated businesses face the challenge of getting loan approvals due to the lack of a credit history - a key metric that lenders use to gauge financial stability. Fintechs, through accounting APIs, can help SMEs overcome this challenge by providing alternate data sets to help lenders gauge their risk profile. This alternate data can be accessed through an SME’s cloud accounting platform.
We are Railz, a data-as-a-service API. We provide our customers real-time data on their customers' through a single API that connects to their accounting software. Our risk scoring algorithms generate metrics and scores that can be used to help identify, quantify and manage the credit and financial risk of SMEs. Feel free to check our website to learn how we provide risk scoring through our API solution.
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