Open Banking can support SMEs to remove lending barriers | Article | Equifax UK

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Open Banking can support SMEs to remove lending barriers

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We explore how COVID-19 has increased barriers for commercial lenders and how Open Banking can support in removing them. Based on current government schemes such as CBILs, CLBILS and CCFF we explore how Open Banking could assist in removing the backlog of processing applications and improving the onboarding process.

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