Hotting Up8 Feb 2023 11:39
Non believers who think this is a dead horse,just copied and pasted this In 2022, over 4.5 billion euros were disbursed to Italian SMEs by innovative digital platforms, which enable short and long-term financing in a simpler and faster way than traditional channels .
According to ItaliaFintech data, this is practically half of the almost 10 billion disbursed in total in the last 4 years (just 373 million in 2019) from which over 28,000 small and medium-sized enterprises benefited, 10,000 last year alone: ??a figure which alone attests to the progress of the digital lending model and explains the current interest in acquiring the Credimi platform . On the other hand, the average amount disbursed remained unchanged, still around 400 thousand euros. In essence, it is the other side of the insurtech phenomenon in the insurance sector .
Technology favors loans by integrating the assessment of creditworthiness with the use of alternative sources of scoring and data sharing, as demonstrated by the increasingly numerous partnerships between startups and banks. And for about a week the sector has also been able to count on the non-possessory pledge : companies sell their inventory to inventory trading companies which – thanks to this tool – can be financed more easily by banks and investment funds and, therefore, put provision of new liquidity to companies to improve their working capital. According to Supply@Me Capital estimates, the potential for cash-in inventories is $7.7 billion.
It is always a drop in the ocean of hundreds of billions distributed each year by institutions, but this is precisely what makes the business susceptible to enormous expansion and connection between dynamic young players and institutional players. According to the EY "Fintech Waves" report, currently 65% ??of Italian fintech startups have entered into partnerships with banks or insurance companies to develop new products and services, and 24% have a turnover of more than 5 million. The downside is that, in 2022, banks closed 554 branches on the peninsula: -2.6% on 2021.
According to the update of the Observatory on banking desertification of First Cisl, on Bankitalia and Istat data as of last December 31, over 4 million Italians do not have a branch in their municipality of residence , 250 thousand more in a year, and another 6 million remained a single door. The flight from the territory is ****geneous on the boot: Lombardy (-3.6%) and Lazio (-3.5%) are the most affected regions, being ahead in absolute numbers. In Molise, the municipalities without branches are now 82%; in Calabria 71%; in Piedmont, Val d'Aosta, Liguria, Abruzzo and Campania over 50%. Evidently it is not worth keeping the principals open, reputed to be a source of expenses rather than revenues; and on the Net, the information assets used to determine savings and credit policies are unparallele
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