Biz2X

Biz2x is a platform-as-a-service built for enterprise banks that streamlines end-to-end management of small business loans from application and risk analysis to collections if, and when needed.

The first step retail banks make to create revenue is the same many other businesses take: find customers with a serviceable need and the means to pay for its service. At a retail bank this process is known as an application. Here is where banks begin incurring costs. A complex process of origination, evaluation, double checking and rubber-stamping hits balance sheets as human capital costs, technology costs, operational costs and lost time. Biz2X addresses this first step by streamlining the application process to reduce cost and speed up decision time. The platform meets this challenge with customized risk metrics a suite of risk analytics tools, loan level pricing and configurable credit policies that meet the unique tolerance levels of banks on an individual basis. These solutions are presented in the Biz2X Pro and Biz2X Enterprise solutions.