How Fintech Can Push Small Businesses to the Next Level

How Fintech Can Push Small Businesses to the Next Level

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the impact of technology investments by banks like JP Morgan and the role of fintech in transforming the lending landscape. It highlights the challenges small businesses face in accessing loans from big banks and the potential for fintech to offer solutions. The discussion also covers the current demand for loans among small businesses, the effects of the recession, and the need for legislative support to aid small businesses with tax breaks and healthcare options.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do low-cost deposits play in the competitive advantage of banks over fintechs?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the potential risks associated with banks' lending practices in the current economic cycle.

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What legislative actions could support small businesses in accessing loans?

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