How can Open Banking revitalise SME lending post-Covid?

Ellie Duncan
07 May 2021

Government-backed loans have been a lifeline for many SMEs during the pandemic, but as this support is withdrawn, a panel of commercial lenders will consider whether SME finance can return to normal amid prevailing uncertainty. 

In a live panel debate hosted by Open Banking Expo on 21 May 2021, The future of SME lending in a post-Covid world in association with Equifax, the expert panel will discuss whether Open Banking has the potential to reinvigorate the commercial lending sector and offer customers a better lending experience. 

Will assessing credit risk for commercial loans be more difficult than ever in the wake of the pandemic? Has application fraud become an even bigger issue in the shadow of CBILS/BBLS loans? 

Among the panellists answering these questions and more are Emma Steeley, CEO of AccountScore, an Equifax company and Jamie Stewart, co-founder of Think Business Loans. 

Funding Xchange CEO Katrin Herrling and Ylva Oertengren, chief operating officer at Simply will also be bringing their insights to the discussion, during which viewers can send in their questions to the panel. 

The panel will share their views on how to make the best use of data sources to inform lending decisions. 

To hear from commercial lenders about the future of SME lending, register here for the live event later this month.