ECONOMIST IMPACT REPORT
Adapt or Lose in Small Business Lending
Radical change requires urgent action to compete
Pushed by the pandemic and underserved by traditional lenders, small businesses are rapidly turning to alternative finance to meet their lending needs. Financial institutions need a strategy that incorporates digital origination, ecosystem thinking and use of new real-time data sources to compete and grow.
Find out how in this new Q2 and Salesforce sponsored Economist Impact Report based on hundreds of surveys across the globe.
47% of FinTechs saw an increase in borrowing appetite vs 28% of traditional leaders
84% say alternative data sets are critical
76% agree that partnership thinking is “the way forward”
76% say ESG factors in assessing risk and growth opportunities in lending decisions