Funding Xchange has launched FXE Technologies, a platform that helps lenders assess eligibility and affordability across different products.
The services consist of three products.
EmbeddedLending increases customer engagement with small businesses directly, while keeping operational costs low and increasing conversion rates, SmartFinanceHub is a single point of access to connect commercial finance funders and brokers, and PortfolioMonitoring is an in-life portfolio monitoring of risk exposure and opportunity.
“Seeking out opportunities in an uncertain time requires greater insights into businesses’ trading and payments performance,” said Katrin Herrling (pictured), co-founder and chief executive of Funding Xchange.
“It is clear that there are attractive lending opportunities in the market and unlocking these will require digital capabilities to be able to identify and deploy funding efficiently.
“The use of real-time data to understand how businesses are performing is becoming even more important in these times. This is where FXE Technologies comes in to deliver digital capabilities to the small- and medium-sized enterprise lending ecosystem.”
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“As the financial services market continues to diversify, lenders are challenged to meet the growing digital experience demands of customers while facing into the threat of technology enabled competitors,” said Ben Sher, chief commercial officer at Funding Xchange.
“FXE Technologies provides banks and lenders with easy to deploy tools to maximise customer conversion and reduce portfolio risk while delivering an experience to the end customer that secures stickiness in the relationship.
“Customer insight is at the heart of everything we do, pulling in data from multiple credit reference agencies, management accounts providers, open banking, payments data and accounting platforms. All delivered within business applications that consume this data to yield customer insight relevant to the business context, be it pre-origination triage, portfolio risk assessment or broker driven intermediation.”