SME lenders accelerate data and tech adoption

Our Co-Founder and CEO of Funding Xchange, Katrin Herrling, comments on how Funding Xchange is harnessing the power of Commercial Credit Data Sharing (CCSD) data – providing much more effective coverage of bank account movements than Open Banking data.

Comments from AltFi article: “The promise when open banking was released was actually much bigger than what it has delivered.

Instead, Katrin pointed to Commercial Credit Data Sharing is a rather more impactful development, describing it as a “dark horse that has actually come behind open banking, much simpler, much lower impact on customers, with really rich and insightful data available.”

Read the full article here.