How Banks will adjust their credit modelling and how FinTech will react to the changing landscape.

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Corl is an artificially-intelligent platform that finances businesses in the digital economy and shares in their future revenue. If you’re interested in learning more about revenue sharing, welcome to connect with Corl directly through Twitter, LinkedIn or through our website.

COVID-19 has severely affected small business financing. Traditionally, when a small business seeks financing from a Bank, the Bank would perform a qualitative and quantitative analysis to determine if the loan request meets the Banks’ risk appetite. To determine risk appetite, Banks will perform an adjudication of credit, which includes a review of the purpose of funds, borrower creditworthiness, industry analysis, credit analysis of financial statements, and assign a risk rating. Ultimately, the risk rating is weighted on three factors known as the expected default rate, the loss given default, and the expected loss. If the loan request is within a Bank’s appetite for that risk, the application would be approved. …

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Corl is an artificially-intelligent platform that finances businesses in the digital economy and shares in their future revenue. #revenuesharing

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