Biz2X, an offshoot of Biz2Credit – an online small business lender, has announced its new Ascend Edition which aims to provide a better tech stack for banks and other financial services firms that offer online lending.
In a release distributed during Money20/20, Biz2X said the new edition includes a better interface that improves efficiency along with its next-gen machine learning-based risk scoring process. Other improvements include better-automated lending and an expanded network of third-party integrations.
Rohit Arora, co-founder and CEO of Biz2X and Biz2Credit, said they pride themselves on challenging the status quo in online lending:
“We developed the new Ascend edition of Biz2X to take a user-centric approach that helps our clients improve loan processing efficiency and achieve greater success in business lending.”
Aaron Traub, Chief Product Officer at Biz2Credit, commented:
“In developing the new Ascend edition of Biz2X, we worked closely with our clients to understand the increasing demands of credit teams everywhere. We took a proactive approach to ensure that the re-designed Biz2X dashboard makes vital lending information accessible at a banker’s fingertips. In turn, Biz2X Ascend is helping our clients view key insights, and process loans even faster to meet client expectations in today’s digital-first market.”
Arora added that they are on a mission to help banks be successful in business lending, and the Biz2X platform is being selected by executives to grow their lending volumes with confidence.