iwoca Presentation Retail Banking Forum - GLC …video.glceurope.com/presi/retail_5/DAY...
Transcript of iwoca Presentation Retail Banking Forum - GLC …video.glceurope.com/presi/retail_5/DAY...
The big potential of small businesses
Retail Banking Forum
June 2017
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Sources:Net cumulative value of new loans to SME – smaller businesses. BBA, December 2016. Smaller businesses: Sole traders, partnerships and limited companies with an annual turnover of <£1m
(£389m)(400)
(300)
(200)
(100)
-
100
200
300
400
+£3.8m
Net
lend
ing
to S
MEs
(£m
)In
crea
seD
ecre
ase
SME LENDING HAS CONTRACTED DESPITED QE
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21m
30%
21%
of private sector employment
of value add
businesses with <10 employees
Source: Annual Report on European SMEs 2015/16; all figures excl. financial service sector
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THE BIG POTENTIAL OF SMALL BUSINESSES
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Data gathering
Data processing
Decision making
Innovation is key
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EFFICIENT, ACCURATE RISK PRICING FOR SMEs ISPOSSIBLE
2 3 4 5 6 7 8 9 10
Monthly Loss Rate
iwoca scoreLower riskHigher risk
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Let’s apply and get a decision in 5 minutes
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We want to work with you!
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