UK-based fintech company Ezbob is finding success in their collaborations with traditional lenders. Ezbob provides an automated lending platform for use by financial institutions.
The platform provides borrowers a quick and easy interface to complete their application and the lenders powerful features such as know-your-customer (KYC), anti-fraud, analytics, reports and collections.
Recently, Ezbob partnered with the Royal Bank of Scotland (RBS) to enhance the bank’s direct lending capabilities.
Instead of attempting to develop such as system themselves, small banks can also opt to emulate such business moves and partner with fintech companies to offer new tech-driven products and services.