SME lenders are revolutionising business finance with automations In 2021, the number of SMEs operating in the UK plummeted to its lowest level since 2015. This was, of course, a direct result of the Covid-19 pandemic and now, more than..
Steve Richardson from Reparo Finance joins us on the podcast as we discuss how the lending industry has changed over the years, how the pandemic has changed the way that businesses have access to finance and how technology has changed the landscape for businesses and lenders. Digital Ventures Podcast | Audio Podcast […]
Commercial finance is a competitive and continually evolving industry, which is why it’s so important for lenders and brokers to stay ahead of the competition by adopting new technologies. Brokers, in particular, can find themselves easily bogged down when it comes to packaging and qualifying applicants. In order to deliver a highly […]
How To Check Company Credit Scores Checking credit scores through agencies such as Experian, Equifax or Creditsafe is often an essential part of the operation of many different businesses. When most people think of credit scores, however, they likely think of the individual credit checks required before taking out a loan or […]
Why automation is the future of mortgage underwriting In the mid-19th century, the UK’s very first building societies were formed, and with them came the modern mortgage as we know them today. For years, the mortgage industry relied on manual underwriting to approve people looking for mortgages, with brokers up and down […]
As a landlord, understanding all of the options available to you when it comes to credit checking a prospective tenant is incredibly important. But, for years, a fast, reliable and affordable tenant credit checking platform was almost impossible to find. There is hope however, with the best tenant credit checks for landlords […]
Open banking can be a hugely beneficial addition to the arsenal of just about any lending business. Here at Venture Motion, open banking acts as one of the core apps in our LendTech automation platform, so we thought it would be wise to answer some frequently asked questions around open banking. We’ll […]
What is a decision engine and how can one boost your business? Decision engines can truly revolutionise the way that businesses operate. Whatever the sector a business is operating in, if decisions need to be made; having an automated platform to make those decisions will always bring value. But what exactly is […]
B2B is, all-too-often, a difficult sector to work in. But this is especially so, when you’re offering financial services to other businesses. From ensuring all of the information you have on other companies is correct and up-to-date, to underwriting and approving loan or finance applications, it’s rarely a straightforward process. Believe it […]
Far too many businesses view their marketing process as nothing more than the necessary steps required to get leads in and push through a sale. What happens after the sale is made, for many companies, is simply ignored. Whether that’s active ignorance, or a consequence of a lack of time and resources, […]
Loan underwriting can be a really time consuming process, with businesses within the lending sector spending time and resources on each and every application. It doesn’t have to be that way, however, thanks to Venture Motion’s LendTech decision engine. Our financial services decision engine integrates with your business’s existing systems to automate […]
The alternative finance industry is constantly growing. Whether you’ve only just taken those first tentative steps into the financial services sector or are a lending industry veteran, ensuring you’re making expert credit checks available is essential. Credit checking for customers is so important, whether you’re in the credit industry, or are just […]
The rise of alternative finance Over the past decade, the alternative finance industry has experienced consistent growth, especially among SMEs. Where traditional banks and capital markets once reigned supreme, many of today’s small to medium enterprises – who make up 98% of all British businesses – are seeking more innovative, truly SME-friendly […]
Commercial finance is a competitive and continually evolving industry, which is why it’s so important for lenders and brokers to stay ahead of the competition by adopting new technologies. Brokers, in particular, can find themselves easily bogged down when it comes to packaging and qualifying applicants. In order to deliver a highly […]
In the competitive world of business finance, staying ahead of the curve is key. Whether you’re developing a deep understanding of market trends or effectively performing KYC/KYB analysis, those in the B2B finance industry know how important it is to stay one step ahead of the competition. Of course, if you work […]
Essential B2B credit solutions your business should be using Worldwide, the B2B payments market is approximately worth a colossal £191 trillion and is only set to grow. With digital payments comprising the vast majority of B2B transactions – a number that is continually increasing with at least 80% of businesses focusing on […]
The benefits of risk-based decision making Risk. It’s an inescapable factor that must be considered when you operate in the B2B lending, brokerage and wider finance spheres. When it comes to onboarding your customers, being aware of the risks posed by the potential customer from a credit, operational or legal perspective is […]
Automating B2B due diligence Due diligence is an essential part of the onboarding process for any B2B organisation. When large sums of money are involved – as is the case for those operating in B2B finance, brokerage, lending, and other financial services – the importance of due diligence is only enhanced. But, […]
What is lead scoring and how can you do it efficiently? When working in the B2B space, assessing the quality of potential prospects is essential. This is especially important for lenders, brokers, finance companies, sales and marketing companies and anyone else operating in industries where the quality of the clients you work […]
A step-by-step guide to checking the creditworthiness of a company Creditworthiness is key when it comes to offering financial services to businesses. From determining a business’ level of financial stability and ability to repay loans, to understanding how they operate, assessing creditworthiness is a core aspect of due diligence before taking on […]
Effectively carrying out due diligence on a company with Companies House data Conducting effective due diligence on a business is essential to company’s operating in a range of sectors. Whether involved in accounting, business lending and brokerage, property, insurance or any of the other myriad industries where accurate due diligence is of […]
How to perform a credit analysis of a company Analysing the credit of a company is essential to anyone planning on making a financial decision about a business. By acquiring a company credit report, analysing the data, and implementing your findings into the processes of your business, you’ll be able to effectively […]
How to check business credit references Gross lending for UK businesses is projected to reach almost £500 billion in the 2023 financial year. With so much capital at stake, it’s incredibly important for business lenders, brokers and others in the business finance landscape to have access to up-to-date and accurate information on the […]
A guide to digital transformation in the accounting industry Digital transformation At its core, digital transformation is simply the process of adopting and implementing technologies into an organisation in an effort to improve traditional processes through digital adoption. The world of digital technology moves forward at a sometimes alarming pace, and it […]
Why business credit risk scores are so important Business credit risk scores allow brokers, lenders and other financial institutions to accurately judge the creditworthiness of companies. A good business risk score allows businesses to agree more flexible credit terms, borrow more capital or win new and better business. A low score, on […]
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