STRATEGIC PARTNERS
January 28, 2022
Enigma, a data science company that offers financial health tools for businesses, has introduced Prime, a lending platform to help financial institutions give loans to small and medium businesses. The platform will offer data analytics, risk modeling and capital markets to lower costs and help banks organize and monitor small business loans, according to a press release.
With the tool, banks can see indicators on business revenue and growth to make lending decisions.
"Building on our success in digital consumer lending, bringing digital lending to the SMB market is a logical and important strategic priority," Sam Sidhu, CEO and president, Customers Bank, said in the release. "We are excited to be a co-creator of Prime using insightful data to craft and shape products and services to the specific requirements of each current and prospective borrower, depositor, and specialty financing customer as we help them take on tomorrow."
