Best in AI™: Harvard Business School-Building the Road to Small Business Utopia with AI and Fintech by ALEX Intelligence

ALEX Intelligence just reviewed Harvard Business School’‘s article”Building the Road to ‘Small Business Utopia’ with AI and Fintech.” Here are some key points:

The evolution of fintech in small business lending is still ongoing, but its promise is clear. With new technology, vast data, and fresh insights, we can begin to solve two key problems: each small business is unique, making it hard to compare, and many lack clear financial transparency.

Imagine if technology could help small business owners and lenders better understand cash flow. Many owners struggle to track sales, customer payments, or cash needs, while lenders find it hard to assess each business’s stability. With the right tools, both could gain clear, actionable insights through dashboards showing cash projections, sales trends, and overall financial health.

Looking to the future, this dashboard could be part of an all-in-one platform. It might even suggest credit options when needed, or come with a virtual assistant powered by AI, helping businesses avoid risks and plan for growth based on data from similar companies. This “Small Business Utopia” could help owners plan and succeed with confidence.

Based on Karen G. Mills, Fintech, Small Business & the American Dream: How Technology is Transforming Lending and Shaping a New Era of Small Business Opportunity, Second Edition, published 2024 by Palgrave Macmillan. Copyright (c) 2024 by Palgrave Macmillan, reproduced with permission of SNCSC. All rights reserved.

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For more information, please contact

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George Alexander, MPA, Associate Broker, Director of ALEX Intelligence
+1 713.918.9951    george@alex.realestate
 https://calendly.com/george-alexander/  

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