Software company ITSCREDIT has partnered with data startup Flinks to modernise the loan application process. By integrating its Omnichannel Digital Lending Platform with Flinks, ITSCREDIT will be able turn transactional data into insights, helping financial services businesses make better credit decisions.
ITSCREDIT’s platform allows the customers of banks and financial institutions to apply for a loan online and in real time. By working with Flinks, ITSCREDIT is building on its solution by using clients’ aggregated transactional data to evaluate the risk associated with loan applications. All personal and banking information is then passed on to the credit provider for approval.
ITSCREDIT says that the partnership will allow clients to be “one step ahead in terms of cost, time and effort”, with the aim of helping “hundreds of financial businesses optimise their loan application flow, reduce drop-offs, and convert more applicants”.