Uplinq is thrilled to unveil our latest collaboration with Visa. Together, we’ve released a groundbreaking case study titled "Transforming global small business underwriting with augmented data"—a deep dive into how AI-powered credit decisioning is reshaping small business lending worldwide.
Leveraging sophisticated AI and machine learning models to augment existing underwriting processes, the case study found that Uplinq helps FIs approve more loans while driving significant time and cost savings. Key data in the case study reveals that on average, Financial Institutions using Uplinq’s technology have seen a:
• 50% reduction in underwriting operating costs
• 15x reduction in credit losses
• 3x average increase in line of business profitability
“Ensuring small businesses have ready access to the affordable capital they need is a critical part of Visa’s mission and a key factor in broad economic health,” said Jonathan Kolozsvary, Global Head of Small Business, Visa. “We look forward to continuing to work with Uplinq to strengthen credit access, which, as this case study demonstrates, has substantial benefits for small businesses and lenders alike.”
Read the full press release Read the full press release here
Visit the Visa website to download the case study here
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Uplinq is a Member of the SME Finance Forum