Uplinq Partners with Ernst & Young LLP to Revolutionize Credit Lending for SMBs

Published 8 months ago

Uplinq has joined forces with Ernst & Young LLP in Canada to create a revolutionary solution for small business owners. The solution aims to offer fair and ethical credit while ensuring profitable lending decisions for business banking lenders.

A Smarter, Inclusive Approach to Credit Assessment

Uplinq’s partnership with EY Canada will focus on helping small business lenders perform smarter, more inclusive credit risk assessments. The integrated solution will leverage an analytics-powered approach, using Uplinq’s modules to enhance decision making across data, models, and technology. The goal is to drive profitability for lenders, according to Mario Schlener, Partner and EY’s Lead Risk Consulting for Canada and Global FS Risk Technology, Alliance, Innovation.

Ron Benegbi, founder and CEO of Uplinq, also expressed enthusiasm about the partnership. He highlighted the transformative potential of Uplinq’s technology, which will assist in various stages of the lending process. This includes providing bureau and third-party data, understanding customer behavior, and helping lenders optimize profitability in the long term.

Uplinq’s Trailblazing Technology

Uplinq’s innovative credit assessment platform empowers lenders to consider more than just the limited financial data that traditional credit bureaus use for risk evaluation. The platform makes use of billions of alternative data sets that cover 150 countries, taking into account factors like market, community, and environmental conditions. This allows lenders to have a more holistic understanding of a business and loan applicant. Uplinq’s technology has already served as a foundation for over $1.4 trillion in underwritten loans globally.

Building on Uplinq’s Momentum

The partnership with EY Canada is the latest in a series of significant milestones for Uplinq, which has been gaining momentum. Recently, Uplinq partnered with Visa and was named “Fintech Startup of the Year – Lending” by the 2023 Banking Tech Awards USA.

Uplinq and EY: A Shared Vision

Uplinq stands as the first global credit and scoring assessment platform for small business lenders. Its mission is to make fair and ethical credit accessible to small business owners, while improving SMB lending practices worldwide. Its breakthrough technology allows lenders to approve and manage risks on loans that would have otherwise been declined based on traditional underwriting criteria.

EY, on the other hand, is committed to building a better working world. They aim to create long-term value for clients, people, and society while building trust in the capital markets. Through data and technology, EY teams across 150 countries provide assurance and help clients grow, transform, and operate.