News

Trade Ledger integrates Wiserfunding to advance credit risk mitigation

Wednesday 11 March 2020 10:46 CET | News

Trade Ledger and Wiserfunding have teamed up to allow banks and alternative finance providers to assess their mid-market commercial customers for secured and unsecured credit.

Trade Ledger, the specialist mid-market commercial Lending-as-a-Service platform, confirmed that Wiserfunding’s leading business credit score, the SME Z-Score, would be made available within both their loan origination and management portals, to help their client base access business credit score. 

The new global partnership targets mainly mid-market lenders and banks, who have traditionally used manual risks assessments to identify high-risk customers. The score is tailored specifically for SMEs with revenue between GBP 500K and GBP 200 million. On average, the score delivers between 83% and 95% default prediction accuracy, 20-30% higher than other than other industry benchmarks in this space, according to the official press release.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: alternative finance, Trade Ledger, Wiserfunding, banks, Lending as a Service, risks, loans, credit score
Categories: Banking & Fintech | Payments General
Countries: United Kingdom
This article is part of category

Banking & Fintech