HSBC was looking to re-enter the small business lending space to serve over 1M businesses in a highly competetive market.
Biz2Credit brought the capabilities, the platform, the experience as a leadership team, and was able to understand what we needed to serve the small business space.Jeff Brown
Head of Business Banking
- Selected Biz2X Platform over five competitors
- Self-service application for customers with omni-channel capability
- 5-minute automated application with minimal paperwork
- Advanced decision engine for auto approvals up to $250K CAD
- Biz2X platform leverages AWS cloud and security features/ services to meet Bank’s security and compliance requirements.
Key Outcomes for HSBC:
- 80% Increased Approval Rate
- $10M Loan Closure within 6 months
- $45K Average Funded Loan