Uplinq Financial Technologies, the first global credit decisioning support platform for small business lenders, today announced its collaboration with Ernst & Young LLP (Canada), a global leader in assurance, consulting, strategy and transactions, and tax services.
This will deliver a revolutionary solution that provides fair and ethical credit to small business owners, while ensuring lending decisions are profitable for business banking lenders.
“EY Canada looks forward to working with Uplinq to help small business lenders assess credit risk in a smarter and more inclusive way,” said Mario Schlener, Partner and EY’s Lead Risk Consulting for Canada and Global FS Risk Technology, Alliance, Innovation. “The EY-Uplinq integrated solution will deploy an analytics-powered approach to lending – utilizing Uplinq powered modules that enhance decision making across data, models and technology – to help drive profitability for lenders.”
“We are honored to be partnering with Ernst & Young LLP Canada to deliver this highly novel solution to small business lenders,” said Ron Benegbi, founder and CEO of Uplinq. “Powered by our breakthrough technology, we’re going to help transform the entire decision-making process for business banking lenders. From supplying bureau and third-party data, to providing an analytics-centered approach toward understanding customer behavior and delinquency models that help lenders optimize profitability in the long run, we’re going to help to transform the whole lending lifecycle.”
Uplinq’s trailblazing credit assessment platform empowers lenders to look beyond the limited financial data that traditional credit bureaus depend on when evaluating risk. By leveraging billions of alternative data sets spanning 150 countries, Uplinq allows lenders to consider factors like market, community, and environmental conditions to better understand the entire ecosystem of a business and loan applicant. Uplinq’s technology already has served as a foundation for more than $1.4 trillion in underwritten loans around the world.
Today’s announcement with Ernst & Young LLP Canada builds on a series of significant milestones and unprecedented momentum from Uplinq, including a recent partnership with Visa, and recognition as “Fintech Startup of the Year – Lending” by the 2023 Banking Tech Awards USA.