Commercial Credit

Accessing liquidity is vital for a business's survival; thus, setting up the company's financing is a crucial and time-consuming step that involved going and talking to your banking advisor and applying through their system. Using Open Banking, lenders can now look directly at the business’ cash flows to determine creditworthiness and the amount of credit to extend. Reducing the amount of time it takes to complete the entire process and using AI to decide each case's best financing solution. A more in depth look at this use case can be found on out blog.

Interested in more insights?

Banq builds data products and ecosystem solutions for bank and fintech providers.

Join our private beta