Karen Mills, the former head of the Small Business Administration, says in an op-ed in American Banker that we are about to enter a new world for small business owners when it comes to finance; innovation in fintech, driven by big data and artificial intelligence, are converging to create a new service oriented financial services institution; whether from a bank or an online lender intelligent assistants will help small business make financial decisions for them, often automatically. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.