At A Glance
Accelerating Lending from Months to Minutes
Business lenders including banks, credit unions, and alternative lenders
Supply Chain Processes:
Boss Insights, opens the door to customer arbitrage enabling FIs to acquire new business borrowers without taking additional risk. By developing a universal API platform, Boss Insights provides 360⁰ insights on business borrowers, integrating all of their data and streamlining the borrower and lender journey. Our big data and AI platform accelerates loan qualifications and approvals from months to minutes and provides real-time alerts to drive post-loan origination profitability. This digital lending functionality takes only 8 weeks to adopt.
What We Do & How We Do It
Boss Insights works with business lending departments including SMBs, commercial, mid-market, and venture debt to accelerate the lending process from months to minutes, improve the borrower and lender journey and open the door to customer arbitrage. Unlike traditional loan approval which relies on manual input and analysis of historical information, Boss Insights collects private company information in real time, curates company dashboards and aggregates portfolios.
Boss Insights offers:
(1) Lead Qualification: instantaneously and accurately qualify borrowers with a seamless lender-borrower journey
(2) Risk Assessment: access more customer arbitrage opportunities by de-risking lending through enhanced data models
(3) Portfolio Monitoring: real-time alerts for additional origination opportunities
(4) Smart Matching: quickly match your investment with the right business
Business funding is a largely manual process involving historical information like financials and credit checks. It’s akin to evaluating future performance by looking in the rear-view mirror. This has led to only 28% business loans getting approved leaving a business lending gap of $5T.
Boss Insights provides a telescope to companies current and future performance through its Big Data and AI platform. By developing scalable APIs with 800+ integrations in comparison to the industry average of 0-15, Boss Insights provides 360⁰ insights on business borrowers. This allows us to integrate all of the borrower’s data and streamline the borrower and lender journey. It is in this way that our platform accelerates loan qualifications and approvals from months to minutes and provides real-time alerts to drive post-loan origination profitability.
Boss Insights’ Big Data and AI platform has been in market since 2018. We have employed the platform to digitize over 120 client-financier relationships and are adding 65 more at the moment. We are engaging with hundreds of lenders in Canada and the US. Having gained traction in the Canadian market, Boss Insights is focused on distributing services to the 5000+ banks and credit unions in the US markets and the UK as opportunities arise.
Our recent talks/events include:
Bank Innovation Ignite – Seattle- MARCH 2020 – Panel on the Future of Fintech in Banking with Lenders and Platforms
MCFT 20 Cohort Finalist – DECEMBER 2019 – One of the 34 finalists from over 300 applications to secure pilots with two leading U.S. Banks
Fintech Connect UK- DECEMBER 2019 – One of the five companies chosen by Toronto Finance Institute to speak at Fintech Connect UK
Women in Finance Summit Toronto- NOVEMBER 2019 – AI and Bias in Lending
Finovate NY Live Demo- SEPTEMBER 2019 – Connecting and pulling accounting data in