Hopefully 9SP can turn some of those leads into customers.
Having been on the bank side of the fence, the 9SP product does offer something like a Holy Grail to small business lenders. If a bank makes the 9SP platform available to their small business customers then the bank gets access to detailed information about the customer's business. In theory, this helps the bank manage their risk and provide a better customer service. The business owner gives permission for this data exchange as part of the T&Cs of using the platform. The platform would be provided free of charge to the business owner so its a win:win situation. This concept is called "permissioned data access" and is very hot in bank innovation circles.
More info on the 9SP website... 9 Spokes for Banks
Gain deeper business insights
The data we harness gives banks greater visibility of their SMB customers. Permissioned access to business data helps facilitate holistic, forward-looking conversations between banks and businesses beyond rear-view financials.
Better manage risk profiles
Driven by data, banks get a clear view of their business customers’ position, enabling account managers to track loans effectively and flag potential issues early. Our goal is to revolutionize how banks manage risk profiles.
Broaden your business offering
9Spokes’ data-driven platform helps banks meet SMB customers' ever-evolving needs. By building loyalty and trust through a differentiated, customer-centric offering, we reinforce the business-bank relationship.
