Fintech lenders and SME’s

By David Jacobson The Australian Small Business and Family Enterprise Ombudsman has released a report Fintech lending to small and medium sized enterprises: Improving transparency and disclosure, which analyses the different approaches to disclosure across the fintech industry and makes recommendations on best practice and future action.
The report includes a Glossary of Common Lending Terms as a first step toward establishing a consistent industry-wide approach to the communication of these terms, which should ultimately make different contracts easier to understand and compare.
The word ‘fintech’ is used to collectively refer to both startups and more mature businesses that are harnessing advancements in technology to …read more

Source:: Bright Law

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