Fintech has great potential to be an accessible, efficient, and less-biased alternative to traditional lending for small businesses. The fintech lending industry offers unique advantages to small businesses around the world, particularly through the utilization of new screening methodologies that have expanded credit access to previously excluded borrowers and reduced biased human lending decisions. Fintech has played an important role in closing the significant lending gap for underserved communities and is proving to be a major enabler of remote small businesses in developing countries. This panel will explore how the accessibility of fintech loans to previously underserved communities increases the attainability and convenience of financial services, especially for women. The student host for this event is the Cornell Global Network.
