Citi: Launches digital platform to connect SMEs with local lenders
- Citi launched a digital lending platform designed to help small and medium-sized businesses connect with regional
- It says that for many SMEs securing a loan involves manual processes that can be time-consuming
- Meanwhile, local and community banks have limited access to digital tools to reach potential borrowers
- Its new platform, called Bridge designed to change this, connecting SMEs looking for loans of up to $10 million
- Initially, 18 banks across the Southeast and Rockies regions are taking part in a pilot programme
- Committed to finding digital solutions that can make the process easier, more seamless and more equitable
