[Forbes] BigDataFr recommends: How Big Data Flows Will Change Business Lending

BigDataFr recommends: How Big Data Flows Will Change Business Lending

‘There is an old joke in the banking industry, told by borrowers: bankers say they’ll lend you an umbrella, but take it back as soon as it starts raining. The logic, and tragedy, of this joke, is that bankers lend money when times are good, but when business conditions or the situation at a company gets tight, the bankers run for the hills.

Ask any business banker from Citibank, JP Morgan Chase , or Wells Fargo WFC, they’ve heard this joke a million times.'[…]

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By Dan Woods
Source: forbes.com

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