Catalyst Business Finance has launched its implementation of Open Banking capabilities to help deliver improved application facilities for its customers.
Open Banking facilitates the ability for businesses to share their financial information easily with lenders and in real time. By doing so, the process of reviewing, processing and ultimately financing the client will greatly improve the application process.
Martine Catton, chief operating officer of Catalyst Finance said: “Launching Open Banking capabilities provide us with the ability to streamline our application process. It provides us with more accurate and stronger data to facilitate swifter decision-making which ultimately allows us to offer better financial solutions to our clients.
“Under taking Open Banking is a huge step forward for Catalyst. We are focused on delivering even better service to our intermediaries and clients alike and this partnership is an integral part of helping us to achieve that aim.”