Open Banking could help you support more SME customers and remove barriers to the commercial lending lockdown.
The situation with the COVID-19 pandemic has caused some businesses to voluntarily close and in some cases be forced to through direct government action. More importantly, during this time the government has put in place an unprecedented level of support to try and help businesses of all sizes to weather the short to medium term difficulties.
This blog looks at the government help that’s available and how additional solutions can help businesses make the most of this help by speeding up onboarding.
* HM Treasury coronavirus (COVID-19) business loan scheme statistics – updated 9th June, 2020.