Fintech Lending News

FinSS Global Announces Partnership With Uplinq

FinSS Global Announces Partnership With Uplinq

Australian technology and digital transformation firm, Fintech Solutions and Services Global (FinSS Global) is delighted to announce a partnership with Uplinq, the first global credit assessment platform for SME lenders.

The partnership signifies the technology companies’ joint mission in helping banks and lenders deliver lending innovation and financial inclusion for their small business customers, the backbone of economies, across the globe.

Leveraging Uplinq’s unique and advanced AI/ML technology, which has served as a foundation for over $1.4 Trillion in underwritten loans globally, FinSS Global plan to incorporate the solution within its Small Business Lending Dashboard product and offer it to banks and lenders within the A/NZ market.

Latest Fintech News: Billance Partners With Global Digital Finance To Develop Global Cryptocurrency Standards

The new product will be known as the Credit Assessment and Business Lending Enterprise Dashboard (CABLED), and will aggregate data from multiple sources, such as bank accounts, accounting systems and government and industry sources, ensuring a complete picture of an SME’s financial health and lending/borrowing viability is available within one visual dashboard, greatly improving the accuracy and timeliness of the pre-approval process.

The technology will further enable traditional SME Bank Lenders to compete against FinTech and NeoBank challengers by maintaining and growing their customer base, while being able to innovate, digitise and build closer value-based relationships with existing and new customers. CABLED will offer a much superior solution by incorporating a myriad of new datapoints, elevating the data available to bank and lending decision makers, and ultimately benefitting the small business customer.

Speaking on the partnership, Dallas Newton, CEO and Co-Founder at FinSS Global, commented: “Our partnership with Uplinq is very exciting as it is a proven, global credit assessment platform for SME Lenders, that we believe to be a first here in Australia. Developing CABLED extends our Business Lending Dashboard products to something very new and unique to the entire A/NZ region.

“The new dimension expands our capability by being able to leverage many additional datapoints from industry, government and commercial sources to better understand, beyond pure financial data, a borrower’s suitability for, and propensity to service their requested loan.

Latest Fintech News: KlariVis Announces New Relationship With Ephrata National Bank

“Additionally, for those lenders interested in being better social citizens, it adds another dimension beyond traditional business lending, supporting the servicing of the underserved, unbanked, minority and immigrant small business owner. Another growing sector, here and abroad.”

Ron Benegbi, Founder and CEO of Uplinq commented: “We are thrilled with Uplinq’s partnership with FinSS Global. We have a kindred goal, which is to bring financial inclusion to all SMEs. With FinSS Global incorporating our technology to help power their lending dashboard, CABLED, it now means lenders in the Australian and New Zealand markets aren’t just extracting data from traditional financial sources like bank account and accounting systems, but from proximity/access to markets, access to health and education services, family experiences in other businesses and utility, phone and payment history, to name but a few. All these additional factors have an impact on an SME’s day-to-day finances.

“We look forward to working together and expanding the lending landscape for all small business and micro business owners.”

Latest Fintech News: Knock Brings Its Innovative Home Loan Solutions to Seattle; Adds Jumbo Loans to its Product Offering

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Tokio Marine Indonesia Implements Shift Technology To Fight Auto Insurance Fraud

Fintech News Desk

Merchants & Marine Bank Selects KlariVis As Data Partner

Fintech News Desk

Supply Wisdom Closes Institutional Funding Round to Help Companies Manage Risk Amid Unprecedented Supply Chain Disruptions

Fintech News Desk
1