Intuit uses real-time small-business data to expand its lending business
AIIntuit says its real-time view of payments, payroll and expenses lets it predict cash flow shortages and offer lines of credit or term loans before banks can. Todd Denbo, Intuit's senior vice president of lending, says lending grew from about $400 million a year four years ago to almost $7 billion in the latest fiscal year.
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SiliconANGLE · AI · Ryan Stevens · siliconangle.comPublished · added here
Original title: Beyond the books: Real-time data is driving a small-business lending surge