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Podcast: Payments on Fire™
Episode: Episode 141 - The Data Driven Money Supply Chain - Keith Smith, CEO, Payability - Payments on Fire® Risk Series
Description: The Fintech Phenomenon is rarely about doing something entirely new. It's about doing things in a new way that better fits the needs of the target market. The fintech model also enables the provider to reach underserved market segments. Lending is, of course, the core offering of banks. But between their legacy processes, underwriting requirements, compliance demands, and more, they simply aren't nimble enough to serve new segments in our evolving economy. And the banking crisis of 2008 left them even more risk averse. That's left small business lending wide open to fintechs. <...