Small and medium-sized businesses need reliable lenders, but they are often viewed warily by credit institutions. That could provide an opportunity for Big tech that use alternative data to credit score SMEs and help them optimise their financial performance. However, it is banks that will be the future of SME funding because they have financial data, can guarantee data privacy and have no conflicts of interest with their clients.
London Institute of Banking & Finance
Policies and procedures governing good conduct are a given in a financial institution, but unfortunately these are not always applied in practice. Surprisingly, while good conduct should start at the top, many firms have fallen short of this goal, with their senior managers and board members simply not following their own guidelines, negatively impacting the staff underneath them and their customers.