Aperio Associates Develops Framework for Underwriting and Quick Approval For SME Financings
- SME access to commercial credit is often limited by the information requirements from the financial institution, such as audited financial statements, that SME's don't have.
- For the financial institutions, the potential income earned from smaller transactions don't cover the cost of underwriting.
- Nevertheless, the SME market represent a large opportunity for financial institutions.
- Utilize increasing availability of historical cash flow, from electronic payment systems for example, combined with standard credit parameters, to develop a decision framework that will result in quick and accurate credit decisions.
- The financial institution enters into the framework their standard credit criteria.
- The financial institution enters into the framework information from the customer, including cash flows from electronic payment systems, existing borrowings, and other information
- Quick and accurate credit decisions, without the cost of manual credit evaluation.
The Problem -
The Solution -
How it Works -
Aperio Associates will - Assist the financial institution in incorporating the framework into its existing credit and underwriting system; assist the financial institution in incorporating standard credit parameters into the framework; assist in adjusting the framework based on credit performance, type of transactions, and other factors.
For more information, please contact us!