Launch a business proposition targeting SME customers with a fully digital service. Spotcap’s end-to-end lending infrastructure enables the institution to offer fast, simple and digital business loans between 5k and 250k CHF.
Spotcap’s platform LendSuite was selected as the final solution based on its capacity to deliver an infrastructure that can support the full loan origination process, from digital onboarding to decisioning and loan management.
After a series of customisations to our white-label platform, we implemented several workflows where SMEs can apply online, receive a credit decision within one working day and have access to funds within 48 hours.
Small & mid-sized Swiss businesses, operational for at least 2 years
Leaner flow for smaller credit requests building on insights from bank account transactions and credit bureau information. For larger requests the application requires financial statements which are automatically recognised and whose data is instantly extracted
Online onboarding takes minutes to complete, credit decisions are delivered in one working day and pay-out requires no more than 48 hours
Highly automated data collection and first level risk assessment for assisted underwriting, automated loan disbursement
Offer best-in-class digital lending products to both existing and new micro and small businesses. Through fully automated loan operations, customers receive instant credit decisions and same-day financing in the form of credit lines of up to EUR 50k.
Spotcap’s lending technology was selected because of its capacity to deliver the necessary infrastructure within a short amount of time and to quickly integrate with the bank’s systems as well as fully automate its loan origination.
The solution had to provide a superior digital experience, introduce internal efficiencies in the front and back office and adhere to the bank’s policies.
Micro and small businesses, operational for at least 2 years
Paperless and lean application flow building on insights from bank account transactions and credit bureau information
Significant loan volumes, double-digit approval rates and minimal credit defaults. In addition, in-branch processing times were reduced by more than 90 percent
Fully automated data processing across all bank-internal, external and customer-specific data sources
