The team at Lendscape are pleased to confirm a new strategic technology partnership in order to “deliver greater efficiencies for finance providers and accelerate access to working capital for SMEs.”
As the world’s technology provider for all forms of secured finance, they’ve partnered with Validis, the financial data API, “to accelerate digitalisation and innovation in the business finance market.”
Designed to be a secure, flexible solution that streamlines lending processes, Lendscape supports “a wide range of working capital and asset finance solutions.”
Validis simplifies the process of “extracting and standardizing financial data from small to medium-sized enterprises’ accounting packages.”
With the new partnership, Validis’ on-demand business financial data “has been integrated to enrich Lendscape’s Open Accounting solution, allowing finance providers access to a broader suite of standardized datasets on-demand to better understand their business customers – enhancing decision making, improving monitoring capabilities and streamlining customer journeys.”
Resulting in overall substantial improvements in operational efficiency and cost to serve for finance providers.
Kevin Day, CEO at Lendscape, said:
“We are excited to enter into this collaboration with Validis and add a world-class, innovative technology partner to the Lendscape ecosystem. At Lendscape, we’re focused on helping our clients, and the working capital finance industry worldwide, to enhance digitalization and simplification of receivables finance. The collaboration with Validis enhances connectivity to support these digitalization efforts, reducing administrative burdens, enabling better customer experiences, and exploring new avenues for growth and development for financial institutions.”
Andrew Sanaghan, COO & Head of Financial Services at Validis, said:
“We are extremely proud to be working with Kevin and the team at Lendscape, a highly reputable and established business with a successful track record in the market. By joining forces, Validis aims to provide the market with on-demand financial data through a seamless, single experience. We firmly believe that plugging into the broader ecosystem is the way forward making it possible to deliver what the market needs and revolutionising the future of business lending.”
As noted in the update:
“As the market continues to change it’s vital that technology providers work together. Lendscape and Validis share some of the same client base and with us connecting the dots, we’re providing a complete solution with one data flow.”
