Bankers beware: Fintechs aim at chunk of SME lending

Tue, 02 Apr 2019

By Nikki Mandow April 2 (BusinessDesk) - It’s been a long time coming, but New Zealand SMEs looking for business loans are at last starting to see options that don’t involve filling out a 20-page bank form, waiting weeks and putting their home on the line. The buzzword is 'fintech' - technology companies using digital information to make people’s financial life easier. It’s not just loans - fintechs are involved in anything from money transfers to investment transactions to budgeting. But increasingly in countries like Australia and...

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