Remove 2030 Remove Default Remove Small Businesses
article thumbnail

Unlocking the Value of Data in Embedded Finance

Biz2X

Reading Time: 5 minutes Embedded finance is rapidly reshaping the small business lending sector, radically changing how financial institutions assess borrower creditworthiness. Consider these statistics: Up to 25% of lending revenue will come from embedded finance by 2030 according to McKinsey.

article thumbnail

3 Open Banking Trends: Why Open Banking Matters More Than Ever

apruve

Economies that embrace financial data sharing could see GDP gains of 1-5% by 2030. Outstanding balance and payment history of existing loans, including defaults. Extending net terms to smaller business buyers could lead to higher sales and greater customer loyalty for a B2B company. Transaction details over a specific period.