CFIT and industry partners begin work to unlock SME lending

CFIT, alongside industry partners including HSBC, Lloyds Banking Group and Mastercard, launched a new coalition focused on helping SMEs better understand and access finance. The initiative aims to address barriers that prevent many businesses from applying for funding, including uncertainty around creditworthiness and previous lending rejections.

The coalition will explore how alternative data and Open Finance technology can provide a more complete picture of business financial health, supporting fairer lending decisions and improving confidence among SMEs. The work will also contribute to the development of practical tools designed to help businesses become more funding-ready and improve their chances of securing finance.

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