Biz2X today announced that its platform has been honored by IBS intelligence (IBSi) for Best Digital Lending Implementation: Best Adoption of Tools & Governance at the IBSi Global FinTech Innovation Awards 2021. The awards celebrate the “coolest innovations” in FinTech, according to IBSi. Biz2X was honored with the award thanks to its work with HSBC Bank USA.

“We are thrilled to win this award from IBSi,” said Rohit Arora, CEO of Biz2Credit and Biz2X. “Our partnership with HSBC Fusion illustrates the kind of digital business lending program that Biz2X makes possible. Through this offering, our banking and other financial institution partners can use Biz2X to deliver credit to their small business clients in a fast and efficient manner. For Biz2Credit, an award like this represents another step in the growth of our Biz2X Platform globally.”

Biz2X is a digital lending platform that uses a streamlined user interface, AI-driven analytics and a customizable white label interface to help banks and other lenders enhance their core services such as offering focused customer service, growing their lending portfolio and increasing the use of their products. The Biz2X Platform offers end-to-end loan management features:

• Loan Level Pricing
• Risk Analytics Tool Suite
• Credit Policies Configured to Banks’ Needs
• Intelligent, Dynamic Application for Each Product Type
• Low-to-No IT Work Required
• Cross-Device Compatibility

In the conventional banking model, the lending process is paperwork-heavy for the customer and both time-consuming and expensive for banks and other lenders. The Biz2X Platform is designed to streamline that process for everyone. 

“The year has brought to the fore the absolute need for digitalization across all industries and especially in Financial Services," says IBSi Managing Editor Robin Amlot. “Financial Services firms, along with banking technology and FinTech companies, have risen to the occasion and transformed the industry.”