September 27, 2016
Master the Challenges of Small Business Lending
Webinar hosted by Moody’s Analytics
Thursday, September 29 at 11:00 am PT/2:00 pm ET
By Nancy Michael
Enterprise Risk Solutions
A new online portal and credit score are key components of Moody’s Analytics small business lending solution, an integrated set of tools designed to improve the lending experience for banks and businesses.
Moody’s Analytics, the leading provider of lending and risk management solutions, recently announced the launch of the MARQ™ portal, an innovative tool that automates the exchange of financial information between borrowers and lenders and generates the MARQ™ (Moody’s Analytics Risk Quality) small business credit score.
Small businesses are the backbone of the US economy, generating millions of new jobs and new wealth. But the segment has long been a challenge for bankers. “The difficulty of accessing small business financial information makes lending to this segment inefficient, inconsistent, and expensive,” said Nancy Michael, Senior Director at Moody’s Analytics. “Our new MARQ™ portal and score will speed up the lending process by replacing weeks of back-and-forth emails and phone calls with the click of a button to instantly get financial and credit information to lenders.”
By creating a one-time, secure link to their accounting information, small businesses can instantly get their MARQ™ score and gain insight into how banks view their creditworthiness. The score is generated by Moody’s Analytics award-winning models for analyzing private company credit risk. Banks can immediately access the MARQ™ score and underlying financial information through Lending Cloud, Moody’s Analytics’ cloud-based loan origination platform, for automated analysis and faster credit decisions.
The MARQ™ portal is built with technology developed by Finagraph, a pioneering provider of automated financial data collection and business intelligence solutions. “We believe the combination of the new MARQ™ tools with our Lending Cloud origination platform provides the best, most complete solution for small business lending on the market,” said Steve Tulenko, Executive Director at Moody’s Analytics. “We are working to help lenders make better decisions, much faster than they can today.”
You can learn more about small business lending in a complimentary webinar, “Master the Challenges of Small Business Lending,” hosted by Moody’s Analytics on Thursday, September 29 at 11:00 am PT/2:00 pm ET. This informative, one-hour webinar is a must-attend for anyone involved in community banking and small business lending.