Jul 29 2020
13 min read...
The COVID-19 pandemic has had a dramatic and wide-reaching impact on the global economy. Businesses of all sizes are in survival mode, quickly putting into place operational and financial measures to ensure their long-term viability. Pressure is on the government, banks and lenders to provide support, however the influx of CBILS and RLS applications has resulted in a massive backlog in approvals.
RLS accredited Banks and lenders have been inundated with applications from SMEs who need urgent support.
Artesian Connect™ brings comprehensive data and sophisticated rules together and puts the results in the hands of the front-line.
Banks need to look to enhanced methods of triaging data to remove the bottleneck caused by the spike in CBILS and CLBILS applications.
Credit teams must make hundreds of urgent credit decisions when normal rules don’t apply.
Historic credit patterns are of limited use for predicting business health, yet banks still need to lend responsibly.
As a result of poor customer experience, miscommunication and failing to give the help that was needed.
The immense load on the banking system has resulted in a worrying bottleneck: validating whether a business was a going concern pre-COVID-19.
Artesian can produce an automated client screening in minutes which can lead to a smoother credit process reducing overall process time per application by 20 mins.
The business landscape is changing daily and your front-line teams don’t have the time to monitor the health of their customers. With 24/7 tracking, Connect automatically raises flags to give you the earliest possible view of an actual or impending risk event.
The firms that embrace digital technology and truly digital ways of working will transform their cost bases, overcome short-term operational crises and realise long-term revenue opportunities.
We’ve been working with the UK’s leading banks, lenders and financial services companies for more than a decade. 52% of RLS approved banks and lenders already use Artesian.
Jul 29 2020
13 min read...
Mar 17 2020
5 min read...
May 7 2020
16 min read...
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