The Role of Machine Learning in Small Business Lending

Karen Webster of PYMNTS.com interviewed Prashant Fuloria, COO of Fundbox, about the guiding principles for using different data sets in underwriting; Fundbox uses tens of thousands of data points on every single business that applies for credit; they also leverage the data of their customers’ customers creating a proprietary business graph that is truly predictive; Fuloria said, “Your creditworthiness in the sense of your cash flow volatility depends on those people around you…you are the company you keep.” 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.

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