Post by Jason O'Shaughnessy

Many commercial lending teams still struggle to deliver fast credit decisions for SMEs. This costs them deal conversion, and it also leads to: ✅ High operational costs from manual underwriting checks. ✅ Frustrated applicants waiting days for a decision. ✅ Inaccurate risk profiling due to raw, unstructured data. According to recent webinar poll data, 65% of lenders report that data quality and enrichment is their single biggest barrier. Here is what leading credit teams are doing instead: 🎯 Enriching raw financial data: Turning raw bank statements into clear revenue and expense categories automatically. 🎯 Connecting directly via open banking: Removing manual PDF uploads and reducing fraud risk. 🎯 Automating affordability checks: Feeding structured insights directly into existing decision engines. The main benefit is significantly faster time-to-decision without altering core risk models or waiting for legacy core system upgrades. #CreditRisk #SMELending #OpenFinance #Fintech #Underwriting #Openbanking