Market Overview

Validis Explores How Financial Institutions Can Accomplish Digital Transformation to Drive SME Lending in Latest Whitepaper


Whitepaper outlines the benefits of digitization, key factors
motivating SME lenders and how it is shaping the industry as a whole

a pioneer of data sharing and standardization technology, has published
its latest whitepaper, "Accomplishing Digital Transformation With a
Robust Data Strategy," which explores how financial institutions can
leverage the power of accounting data and garner the benefits of

The whitepaper further explores the types of data available and those
used for SME lending, the value that digitization brings to SME lenders
and their customers, and the key challenges lenders face on the
digitization journey. Additionally, it focuses on granular accounting
data, which is largely underused but an extremely effective source of
information for SME lending. With accounting data, financial
institutions have access to accurate and insightful data, helping to
power lending decisions, drive efficiencies and mitigate risk.

Validis' latest whitepaper also provides insight into today's key
factors motivating SME lenders and shaping the wider industry as a
whole, as well as explores the challenges lenders face throughout the
digitization process. The prioritization, approval and execution of
enhancing data assets is a well-documented challenge, but it is only
with recent technological advances that granular accounting data be made
fully available.

"Previously overlooked, SMEs are now considered an important factor of
the U.S. economy and have become a key focus of the lending market,"
said Joel Curry, CEO of Validis. "Accounting data should be the first
place to look when evaluating new data sources to support a modern SME
lending business. It offers lenders a unique, comprehensive
understanding of a client's business, and when combined with the power
of digitization, it presents the perfect opportunity to offer clients a
truly personalized service. We aim to share Validis' expertise in this
whitepaper and show the truly astounding power that accounting data can
have – when utilized correctly."

To download the whitepaper,
visit Validis' website.

About Validis
Led by experienced and influential finance and
technology experts, with headquarters in the United Kingdom and offices
in North America, our mission is to be the place where businesses come
to share financial data. Validis provides a data pipe for commercial
lenders and accountants to their clients' accounting application. The
technology collects financial data from a business' accounting
application and transforms that data into a standardized format,
empowering commercial lenders and accountants with fast and secure
access to financial data. The system connects to online and desktop
accounting applications used by 80 percent of the SMB market, and is
currently used by three of the top four accounting firms and 80 percent
of the tier one banks in the U.K. For more information, please visit

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