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The addition of data from Global Credit Data will enhance that riskanalysis and visibility for financial institutions (FIs) ahead of the release of the next Trade Register report, expected early next year. The Register was launched in 2011 and currently includes 22 member banks, accounting for $10.5
It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. FinTech partners include small business creditriskanalysis company AccountScore and small business data company Codat.
Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement.
Before the pandemic, DBS had relentlessly leveraged emerging technologies to help SMEs, especially micro and small enterprises, streamline services and manage creditrisk. SMEs account for 16% of the bank’s business, or approximately $1.5 One of these, Mujer PyME, is a credit facility targeted to women-led SMEs.
Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement.
Primarily, Reckon provides small and medium-sized enterprises with cloud accounting solutions, but now, it’s utilizing the data it has about small businesses to its advantage by partnering with alternative lending company Prospa to underwrite loans to its SME users. “This is transforming the creditriskanalysis process.
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