Digital Finance Analytics (DFA) Blog
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Data from the Digital Finance Analytics Small and Medium Business Surveys highlights that firms who apply for unsecured credit are getting funds more quickly on average now, compared with 2015. You can request a copy of our latest SME report. However, there are considerable differences between the average timeframes experienced by SME’s when they deal … Continue reading “SME’s Are Getting Funds Quicker, Thanks To Alt. Finance”
The latest results from the Digital Finance Analytics Small and Medium Business Survey, based on research from 52,000 firms over the past 12 months, is now available on request. You can use the form below to obtain a free copy of the report. There are around 2.2 million small and medium businesses (SME) operating … Continue reading “DFA’s SME Report 2017 Released”
From Australian Broker. Westpac’s usage of expenditure indexes to assess borrower suitability has come under fire by the Australian Securities & Investments Commission (ASIC) in its ongoing legal battle with the major bank. The civil proceedings allege the bank failed to conduct proper assessments to ascertain whether borrowers could afford to repay their home loans. … Continue reading “Westpac facing ASIC loan assessment allegations”
From Australian Broker. While tighter banking restrictions have forced more small and medium enterprise (SME) borrowers towards non-bank lenders, a lack of awareness is still hindering real growth within the sector. The Disruption Index, which has been jointly developed by small business lender Moula and research and consulting firm Digital Finance Analytics (DFA), puts the … Continue reading “Awareness key barrier to SME lending growth”
The latest edition of the Disruption Index which tracks change in the small business lending sector, and more generally, across financial services has been released. The latest score is 38.39% The Financial Services Disruption Index has been jointly developed by Moula, the lender to the small business sector; and research and consulting firm Digital Finance … Continue reading “Fintech Disruption of SME Continues”
From Australian Broker. A key issue raised by Small Business and Family Enterprise Ombudsman Kate Carnell in her Small Business Loan Inquiry has caused the major banks to amend their SME loan contracts. During the inquiry, Carnell spoke of her concern around non-monetary default clauses such as financial indicator covenants which linked defaults to aspects … Continue reading “Majors move towards simplified SME lending”
Moody’s says last Tuesday, the Basel Committee on Banking Supervision reported that most global systemically important banks (G-SIBs) have an unsatisfactory level of compliance with the Basel Committee’s principles for effective risk data aggregation and risk reporting. This assessment is credit negative for G-SIBs because it signals that most still do not have the appropriate … Continue reading “Basel Committee’s Adverse Assessment of G-SIBs Risk-Reporting Practices Is Credit Negative”
From Australian Business Review. Cashflow issues are costing SMEs a potential $200 billion in lost revenue each year. East & Partners has based these revenue estimates on ABS data that total revenue for the A$1 – 20m SME segment is A$1.3 trillion, and given 1150 of 1250 SME survey respondents indicated that better cashflow could … Continue reading “Cash Flow A Barrier To SME Growth”
We have updated our rolling SME survey, ahead of the next edition of the SME report, out soon. The previous version is still available on request. SME’s are under significant cash flow pressure. Today we walk though some of our findings. We look at businesses up to $5m turnover, although most of the 2 million … Continue reading “SME Cash Flow Under Continued Pressure”
From Smart Company. Small business lender Prospa is gearing up to hire an additional 100 employees in its next stage of expansion, after this week securing a $25 million cash injection in what is believed to be the largest fintech venture capital investment in an Australian business. The 2016 Smart50 winner says the investment round, led by … Continue reading “Prospa Seeks $500m in SME Loans After Raising”