Fintech Solutions and Services Global (FinSS Global), an Australian digital transformation organization has declared its alliance with Uplinq, a provider of credit assessment platforms for SME investors.
This alliance implies the combined focus for the organizations to aid banks and investors provide lending innovation and financial inclusion for their small enterprise clients who are the strength of economies all over the globe.
Dallas Newton, CEO, Co-Founder, FinSS Global, stated, “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 data points 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. 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.”
Utilizing the innovative AI/ML technology by Uplinq, FinSS Global has strategized to integrate the solution within its Small Business Lending Dashboard product and provide it to the banks and investors in the A/NZ market.
This new service is entitled Credit Assessment and Business Lending Enterprise Dashboard (CABLED) and will incorporate data from various channels like accounting systems and government, bank accounts, and industry sources, safeguarding the full vision of an SME’s financial well-being and lending/borrowing capability is accessible within one visual dashboard, significantly enhancing the effectiveness of the pre-approval process.
Ron Benegbi, Founder, CEO, Uplinq, said, “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.”