Latest / Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies
How Open Banking Is Reshaping Small Business Lending
In this episode of Fintech Conversations with Fexingo, Lucas and Luna dive into how open banking is transforming small business lending. They examine the case of a fintech lender that uses real-time bank data to underwrite loans in minutes, cutting default rates by 30% compared to traditional methods. The hosts discuss the shift from outdated cash-flow proxies to actual transaction histories, the role of aggregators like Plaid and Yodlee, and why this matters for the 50 million freelancers and microbusinesses in the US alone. They also touch on the regulatory tailwinds from the CFPB's…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.