Validis Staff

AccountScore and Validis announce partnership to deliver enhanced commercial Open Banking programme

Thursday, August 1, 2019 4:00 AM AccountScore and Validis collaborate to aggregate SME financial data for institutions looking to offer new banking services and make faster, more informed decisions LONDON, UK / ACCESSWIRE / August 1, 2019 / AccountScore, the AISP accredited Open Banking platform, and Validis, the financial data sharing and standardisation experts, have signed …

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SME Lending Has Reached a Crucial Phase in Its Evolution

Key discussion points from our SME lending breakfast Earlier this month we ran a breakfast briefing in London for all our UK lending clients, brokers and partners. I’m pleased to say it was an informative and engaging session and the feedback from those that attended has been overtly positive. We were lucky that an excellent …

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Leveraging Accounting Data to Deliver a Truly Personalized Service to SMEs

Today, customers expect an exceptional, unique and highly-personalized experience when dealing with their bank – and SMEs are no exception to that rule. Historically, a personalized experience was simply occasional face-to-face meetings, phone calls, or informal relationships. That’s no longer the case today and banks must evolve if they expect to remain competitive. Now, SMEs …

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What’s Better Than Alternative Data? Accounting Data.

Today, we hear about newer, cutting-edge “alternative data” categories like social behavior. While these new data types certainly have value, accounting data can provide a deep level of insight into an SME, enabling lenders to offer higher value, personalized services to potential customers and build a satisfied, loyal client-base. The daily decisions and transactions a …

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Financial Data Sharing APIs

Small businesses are the backbone of the U.S. economy and present a big opportunity for financial institutions, particularly now. Despite years of sluggish growth, we’re currently seeing steady increases in entrepreneurship with signs of continued growth ahead. In fact, the NFIB Small Business Optimism Index soared to 108.8 in August – a new record in …

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Taking SMB Lending From Inefficient to Effective

Historically, business lending has been riddled with manual, labor-intensive processes, taking anywhere from 35 to more than 120 days to complete. The process typically starts with the lender requesting a mile-long list of financial reports, including balance sheets and financial statements, bank statements, tax returns, accounts payable and receivable, details about the vendors on those …

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4 Key Areas SMB Lenders Can Improve with Better Financial Data

For too long, lenders have based small-business lending decisions on outdated data points such as FICO scores or tax returns. Unfortunately, this data is often skewed and inconsistent with the health and viability of the business. One of the most valuable assets for SMB lenders, however, is accurate, complete and current financial data. Without it, …

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Financial Data – The Wave of the Future

Technological advances are changing the way lenders service the SMB market. With financial data sharing, lenders are now empowered to make better decisions and provide a better experience for business borrowers. It is truly a win-win. Leading the charge are the financial institutions currently leveraging Validis’ DataShare technology, a financial data extraction tool that acts …

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