Catalyst Business Finance launches Open Banking capabilities

Catalyst Business Finance has launched its Open Banking capabilities to assist in the delivery of improved application processing for clients.

Open Banking enables businesses to share their financial information easily with lenders and in real time. This allows the client to provide the information digitally and immediately thereby reducing the time taken to collate and process the information needed at application stage. In turn that should mean faster decisions for clients.

Martine Catton, Chief Executive Officer of Catalyst Finance said: “Launching Open Banking provides us with the ability to streamline our application process. It provides us with more accurate data which will facilitate swifter decision-making for our clients. The client is at the heart of everything we do and we are always looking at ways to improve their journey with Catalyst.
“The implementation of Open Banking is a huge step forward for Catalyst. We are focussed on delivering the best service we can to intermediaries and clients alike and this partnership is an integral part of helping us to achieve that.”