GDS Link and Transaction Science Bring Unprecedented Funding Access to SMBs with New Bank Transaction Scoring Suite
Summary
“Although SMBs are the foundation of our economy, they’ve lacked funding solutions that are crucial to their survival and growth,” said Carl Spilker, VP of Analytics, GDS Link. It is the first suite of fraud and default scores utilizing bank transaction data designed specifically for the SMB lending industry, enabling a digital underwriting process with consistent output for use in policy, reports, manual underwriting flows and complex models – regardless of the bank aggregation provider (Ocrolus, PLAID, Yodlee, Cash Flow Solutions, DecisionLogic, and MX, among others). The suite uses a consolidated view of thousands of trended cash flow data points and actual small business advances, loans and lines of credit. Since implementing the solution with several SMB lenders, GDS Link has accelerated the underwriting process with response times of less than three seconds, decreasing the likelihood of a customer shopping elsewhere for another loan and thus increasing approvals. GDS Link is a global leader in credit risk management, providing tailored software solutions, analytical and consulting services.
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