Yolt partners with Creditsafe

Wednesday 8 June 2022 10:34 CET | News

Yolt, a UK-based Open Banking provider, has partnered with Creditsafe, a multinational business intelligence provider.

The partnership will see Yolt’s Cashflow Analyser added to Creditsafe’s business information platform for business and credit professionals. Using Cashflow Analyser powered by Open Banking, Creditsafe will be able to offer its clients access to a customer’s cash flow data to better assess its risk profile.

Powered by Open Banking, Yolt’s Cashflow Analyser automates the process of retrieving a customer’s banking data, allowing Creditsafe to deliver real-time affordability data for creditors and businesses lenders.

Yolt launched Cashflow Analyser in 2021, a solution powered by Account Information Services (AIS) that gives credit underwriters and providers of business services deeper insights into the cash flow of credit applicants and customers to streamline and simplify risk profile and affordability assessment processes. Now with dual banking licences in the UK and wider Europe, Yolt is offering Cashflow Analyser as a white label product to enable lenders, leasing companies, credit-checking and business intelligence services to utilise Open Banking to better understand the financial health of their customers.

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: partnership, Open Banking, cash flow, data, banking license
Categories: Banking & Fintech
Companies: Creditsafe, Yolt
Countries: Europe
This article is part of category

Banking & Fintech




Discover all the Company news on Creditsafe and other articles related to Creditsafe in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events