SME lenders promise cash in a flash as competition fires up
Lenders of all sizes are keen to get a jump on rivals with lightning-fast approval process and accelerated payments.
Source: afr.com
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OnDeck launches new credit scoring model
OnDeck launches new credit scoring model subscribe Reporter Reporter A A The online SME lender has launched a new risk-predicting credit model which it said would support more tailored risk assessment for SME lending. OnDeck has launched the KOALA Score (formerly the Key Online Australian Lending Algorithm), which it said was developed in-house by its team of data scientists. The credit model would give OnDeck the ability to analyse personal credit scores of business owners, and would benefit newer enterprises, sole traders and partnerships that may not have the substantial volume of commerci...
Source: theadviser.com.au