Urgent.News

What's breaking now, across thousands of outlets.

More in Business

“Data is the collateral”: Sparkle CEO Uzoma Dozie on fixing Nigeria’s SME lending blind spot

Uzoma Dozie, CEO of Sparkle MFB, says Nigerian banks must rethink collateral requirements and use transaction data and AI to expand lending to small businesses, lower borrowing costs, and improve…

  • African banking industry trapped in collateral trap, hindering SME lending
  • Sparkle CEO Uzoma Dozie advocates for AI to reduce SME lending costs
  • Digital data as collateral, redefining credit decisions for small businesses

More from Thursday 5 November →