04031 a2200337 4500 BJBSDDR 20250528164413.0 ta 260525s2018 sz 00| 0 eng d 9783030036195 3030036197 eng DLC eng HG 176.7 M657f 2018 Mills, Karen G., 1953- 42259 Fintech, small business & the American dream : how technology is transforming lending and shaping a new era of small business opportunity / Karen G. Mills. Cham, Suiza : Palgrave MacMillan, 2018. xiv, 202 pages : illustrations (chiefly color) ; 24 cm. The Future Role of Relationships The story of small business lending Small businesses are important to the economy Small businesses and their banks : the impact of the Great Recession Structural obstacles slow small business lending What small businesses want The Fintech innovation cycle The early days of Fintech lending Technology changes the game : small business utopia A playbook for banks Regulatory obstacles : confusion, omission, and overlap The regulatory system of the future The future of Fintech and the American dream Small businesses are the backbone of the U.S. economy. They are the biggest job creators and offer a path to the American Dream. But for many, it is difficult to get the capital they need to operate and succeed. In the Great Recession, access to capital for small businesses froze, and in the aftermath, many community banks shuttered their doors and other lenders that had weathered the storm turned to more profitable avenues. For years after the financial crisis, the outlook for many small businesses was bleak. But then a new dawn of financial technology, or "fintech, " emerged. Beginning in 2010, new fintech entrepreneurs recognized the gaps in the small business lending market and revolutionized the customer experience for small business owners. Instead of Xeroxing a pile of paperwork and waiting weeks for an answer, small businesses filled out applications online and heard back within hours, sometimes even minutes. Banks scrambled to catch up. Technology companies like Amazon, PayPal, and Square entered the market, and new possibilities for even more transformative products and services began to appear. In Fintech, Small Business & the American Dream, former U.S. Small Business Administrator and Senior Fellow at Harvard Business School, Karen G. Mills, focuses on the needs of small businesses for capital and how technology will transform the small business lending market. This is a market that has been plagued by frictions: it is hard for a lender to figure out which small businesses are creditworthy, and borrowers often don't know how much money or what kind of loan they need. New streams of data have the power to illuminate the opaque nature of a small business's finances, making it easier for them to weather bumpy cash flows and providing more transparency to potential lenders. Mills charts how fintech has changed and will continue to change small business lending, and how financial innovation and wise regulation can restore a path to the American Dream. An ambitious book grappling with the broad significance of small business to the economy, the historical role of credit markets, the dynamics of innovation cycles, and the policy implications for regulation, Fintech, Small Business & the American Dream is relevant to bankers, fintech investors, and regulators; in fact, to anyone who is interested in the future of small business in America Ingeniería financiera 42368 Nuevas empresas Finanzas 3261 Administración financiera 7015 Industria de servicios financieros 14452 Tecnología financiera 42369 Emprendedores 5480 Innovaciones tecnológicas 6528 lcc BK dpf 123589 123589 0 0 lcc 0 0 CS BJB BJB CS 2025-05-26 0 HG 176.7 M657f 2018 00000190406 2025-05-26 00:00:00 1 2025-05-26 BK