Open Banking Integration for Small Business Credit
The Challenge
Small businesses struggled to access credit because traditional data sources couldn't capture their true financial health.
Credit decisions relied on limited business credit data, missing the real-time cash flow picture that could help creditworthy businesses get approved. The opportunity: introduce open banking to give small businesses a better shot at the capital they needed.
Our Approach
How we solved it
Evaluated open banking providers and selected Plaid integration
Designed secure data pipeline for financial data ingestion
Built credit assessment models using real-time bank data
Created user experience for secure bank account linking
Established compliance framework for financial data handling
The Results
Measurable impact
Real-time cash flow
New data signal
Expanded for SMBs
Credit access
Significantly improved
Assessment accuracy
Days → Minutes
Time to decision
Facing similar challenges?
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