Case Studies
March 30, 2022
HSBC serves Canadian small businesses with Biz2X
80%
Increased Approval Rate
$10M
Loan Closure within 6 months
$45K
Average Funded Loan
The Challenge
HSBC was looking to re-enter the small business lending space to serve over 1M businesses in a highly competetive market.
Biz2Credit brought the capabilities, the platform, the experience as a leadership team, and was able to understand what we needed to serve the small business space. Jeff Brown
Head of Business Banking
The Solution
- Selected Biz2X Platform over five competitors
- Self-service application for customers with omni-channel capability
- 5-minute automated application with minimal paperwork
- Advanced decision engine for auto approvals up to $250K CAD
- Biz2X platform leverages AWS cloud and security features/ services to meet Bank’s security and compliance requirements.
The Results
Key Outcomes for HSBC:
What’s happening
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AFG revolutionizes Australian business lending with Biz2X Platform
Australian Finance Group selected Biz2X to drive broker engagement and loan origination volumes.
