But while that rise in lending is solving one problem of liquidity, Frohwein says he has noticed a troubling trend that's hurting the bottom line of the businesses he set out to help.The same tools and insights that powered Kabbage's data-driven lending model revealed that his customers were borrowing more heavily than was necessary to fund their operations.
Borrowers give Kabbage a direct view into their bank and credit card accounts in order to be approved, and that window enables nearly real-time monitoring of their transactions."We've had all this great data on our small businesses and the cash flowing in and the expenses flowing out, and we've always utilized it for internal purposes," he continued.
Frohwein describes his vision with phrases like "autonomous treasury management" and "cash flow as a service," neither of which exist yet in the industry, but he says they will eventually be commonplace terms.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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