Abhishek Bhasin, Head of Product at Uplinq Financial Technologies, recently authored a blog at Finextra. The blog highlights the critical role of small businesses in the U.S. economy, emphasizing their contribution to job creation and innovation. Despite their importance, small businesses face significant challenges in accessing financing, with a high failure rate often linked to working capital shortages. Current lending practices, relying on outdated credit models, worsen the issue.

The blog advocates for the use of advanced, inclusive AI-driven risk assessment tools to improve loan approval processes, ensure compliance, and enhance the overall lending experience, thereby supporting the financial health and growth of small businesses.

To read the complete blog click here.