As big banks are very risk adverse and small\/medium sized business are often seen as quite risky, they have had a history of difficulty when it comes to dealing with banks and lending. In today\u2019s world, there is good news for SMBs, because thanks to fintech, there is more competition in lending for loans, payroll, etc. The dual benefit of more competition is that these new fintech companies have a huge market of SMBs that want to work with them, and at the same time the SMBs can benefit from the increased speed, security, and convenience that the fintech companies provide. <\/p>\n
Considering the banking industry is an oligopoly ruled by a few players, I think the rise of fintech provides the industry with a lot of opportunity for improvement through the use of technology and innovation like algorithms and encryption that will both improve the kind of services offered and lower prices for financial services, because many more players can now enter the industry. The use of technology in IS brings the great benefit of lower costs and less barriers to entry, while also allowing new and customised services to be created on company-by-company basis to provide for greater financial information service. <\/p>\n
https:\/\/smallbiztrends.com\/2017\/01\/fintech-trends.html<\/p>\n","protected":false},"excerpt":{"rendered":"
As big banks are very risk adverse and small\/medium sized business are often seen as quite risky, they have had a history of difficulty when it comes to dealing with banks and lending. In today\u2019s world, there is good news for SMBs, because thanks to fintech, there is more competition in lending for loans, payroll, … Continue reading Fintech Bridging the Big Bank Gap<\/span><\/a><\/p>\n","protected":false},"author":1823,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-323","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":2,"qubely_featured_image_url":null,"qubely_author":{"display_name":"kabir","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/kabir\/"},"qubely_comment":2,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"As big banks are very risk adverse and small\/medium sized business are often seen as quite risky, they have had a history of difficulty when it comes to dealing with banks and lending. In today\u2019s world, there is good news for SMBs, because thanks to fintech, there is more competition in lending for loans, payroll,…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1823"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=323"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/323\/revisions"}],"predecessor-version":[{"id":324,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/323\/revisions\/324"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}