Trade Ledger & Equifax: Extend partnership to support bid for Capability
- Extend partnership to support bid for Capability and Innovation Fund (CIF) to transform SME credit scoring
- The fund is part of the RBS Alternative Remedies Package, designed to improve the financial products and services available to small
- Trade Ledger’s advanced loan origination and servicing technology, currently being
implemented in a number of tier-one UK banks - Also combines transaction data from banks and credit history data from credit
bureaus, such as Equifax to help better underwrite risk - Building on an established data collaboration relationship, the two parties plan to work
together to create a portable credit file solution for SMEs - The proposition will use breakthrough financial technologies such as Open Banking and Open Accounting to enable UK SMEs to build their credit profile
