More than by margins on payments, these developments are being driven by the immense wealth of information they contain, which can help to improve traditional services and introduce new ones, such as those aimed at small and mediumsized enterprises to optimize their management of liquidity and payment flows. Technological innovation is also destined to change credit supply.
The use of advanced techniques to evaluate creditworthiness is expanding, based on a multiplicity of inputs, including unstructured data. Algorithm-based evaluations cannot completely replace the judgement of analysts, but if complemented by the qualitative data acquired by intermediaries, they will be an increasingly important component, especially in specific niche markets.