On 30th March our community came together for FTT Lending 3.0, where we explored the key trends, innovations and technologies that are powering the future of lending.
During the day, our Co-Founder and Chief Strategy Officer, Lisa Moyle, sat down with Raffaela Kestel, Senior Product Manager at Validis. The two discussed the key highlights across the day, what’s new for Validis and how Validis is working with lenders to enable them to make better and more accurate credit decisions for their SMEs.
Ela emphasises the importance of open accounting data for faster and smarter lending decisions, but also the importance of data in credit decisioning to protect SMEs themselves. Lenders will need to focus on harnessing new data sources such as telco or commerce data, to achieve a holistic view of their end-customers.
It’s not just the spectrum of data or data breadth that is crucial to improving lending services; automation is also vital to speeding up processes and will play a key role for lenders to differentiate themselves from the competition.
Other than new and traditional data points, it’s important to also focus on data that can provide a lender with early warnings or forecasts of risks. Validis are helping lenders to make smart decisions but also harness this data to predict any pitfalls. This will protect both the lenders and the SME borrower.
Listen to the full interview now as Raffaela expands on what she believes to be the most exciting and disruptive trend within the industry, as well as her predictions for future innovation and sustainable lending.