American fintech firm Biz2Credit has teamed up with Indian technology firm Infosys to enable financial organisations to boost their digital banking ecosystem.
Under the partnership, Infosys will serve as the technology integrator for Biz2X, a SaaS platform offered by Biz2Credit.
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The SaaS platform enables financial institutions to set up a modern digital bank and offer a bespoke lending experience.
Biz2Credit said that the combination of digital lending along with core banking software will be a major step in the Fintech industry, as it helps to offer a fully-equipped suite of digital bank capabilities as a turnkey solution.
Infosys vice president and global head of cards and payments Narayan Sivaram said: “Infosys is excited to partner with Biz2Credit and utilise its Biz2X Platform to assemble innovative solutions for data monetisation, underwriting, and lending.
“Financial Institutions will benefit from our partnership and leverage this solution to accelerate their journey to becoming truly digital.
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By GlobalData“We look to partner with leading fintechs such as Biz2Credit, which are at the forefront of online business financing. Together, we can make it easier for banks to reimagine lending and embrace innovation faster.”
Biz2Credit CEO Rohit Arora added: “Our Biz2X Platform uses the latest technology to connect small business owners with financing options based on each potential borrower’s unique credit profile.
“Through our open ecosystem of API connections, Biz2X clients will benefit from Infosys’s industry-leading integration capabilities for a wide range of technology needs.”
Financial institutions using the Biz2X platform will gain access to a risk analytics tool suite, and loan level pricing, among others.
