An accurate and real-time financial data has numerous benefits to the banking and finance sector. However, it’s also an indisputable fact that without advanced analytics, it’s difficult to make the most of data. Here are some reasons why advanced data analytics is important for lenders. ● Get Quality Data Data analysis helps fintechs to improve the quality of data that lenders can later access to gain a competitive advantage. Data analysis can transform complicated and enormous data sets into meaningful information that allows lenders to get deep insights into a business's future financial health. ● Save Times and Money Data analysis enables lenders to automate most of their loan processes, providing considerable time and cost savings. Lenders can streamline operations, serve more clients, boost revenue, and ultimately improve their bottom line ● Know Your Potential Borrower Once you have your borrowers’ real-time past, present, and future data, you can offer the right products to the right customers at the right time. You can direct your financial institution to create and provide personalized solutions to meet your potential customer’s funding needs. ● Boost Productivity Data analysis boosts productivity by providing lenders clean, accurate, complete, and easy-to-understand insights. Lenders will not have to waste their time trying to determine borrowers’ creditworthiness using inaccurate or obsolete information. ● Make Better Lending Decisions Simply collecting, storing, and processing large amounts of data doesn’t necessarily lead to better lending decisions. Data analysis helps lenders get the most valuable data that will be needed to ensure that lenders can accurately determine the eligibility of a borrower to repay its loan amount.

1. Reasons Why Data Analysis
Important for Small Business Lenders
5

2. An accurate and real-time financial data has
numerous benefits to the banking and
finance sector. However, it’s also an
indisputable fact that without advanced
analytics, it’s difficult to make the most of
data. Here are some reasons why advanced
data analytics is important for lenders.

3. Get Quality Data
1

4. Data analysis helps fintechs to improve the quality of
data that lenders can later access to gain a competitive
advantage. Data analysis can transform complicated
and enormous data sets into meaningful information
that allows lenders to get deep insights into a
business's future financial health.

5. Save Times and Money
2

6. Data analysis enables lenders to automate most of
their loan processes, providing considerable time and
cost savings. Lenders can streamline operations,
serve more clients, boost revenue, and ultimately
improve their bottom line

7. Know Your Potential Borrower
3

8. Once you have your borrowers’ real-time past,
present, and future data, you can offer the right
products to the right customers at the right time. You
can direct your financial institution to create and
provide personalized solutions to meet your potential
customer’s funding needs.

9. Boost Productivity
4

10. Data analysis boosts productivity by providing
lenders clean, accurate, complete, and easy-to-
understand insights. Lenders will not have to waste
their time trying to determine borrowers’
creditworthiness using inaccurate or obsolete
information.

11. Make Better Lending Decisions
5

12. Simply collecting, storing, and processing large
amounts of data doesn’t necessarily lead to better
lending decisions. Data analysis helps lenders get the
most valuable data that will be needed to ensure that
lenders can accurately determine the eligibility of a
borrower to repay its loan amount.

13. Thank You