The Impact of Artificial Intelligence on Small Business Finance

The Impact of Artificial Intelligence on Small Business Finance with Rohit Arora of Biz2Credit.

Biz2Credit is a small business credit marketplace that launched in 2008; the company works with banks and non-banks; over the last year and a half the company has delved deeper into how artificial intelligence and data can help in small business lending and support the 5,000 loan applications Biz2Credit sees a month; Biz2Credit has found that when businesses provide Biz2Credit access to their data, that giving them something in return such as benchmarking or a cash flow analysis can be very beneficial when it comes to the stickiness of the customer; Rohit Arora talks about how machine learning can be predictive of repayment behavior including voice analytics, application information and Biz2Credit’s digital site visits.