The AABF and Logical Glue have created a platform called lendsmart that will be available for demonstration at the NACFB Expo on the 20th June. It has been developed to help make better lending decisions in the interests of both businesses seeking funds and lenders themselves.
Lendsmart is a database of Personal Guarantee data enabling lenders, for the first time, to have an insight into the contingent liabilities of prospective borrowers’ guarantors with a view to being able to tackle what has become known as the ‘Stacking’ issue.
AABF members will both contribute anonymised data and be able to access the database to enable them to make
more informed lending decisions. Looking forward, lendsmart has the potential to access a range of data points that
will help lenders address other challenges such as fraud.
The AABF will be demonstrating the platform at the NACFB Expo on June 20th where you can visit the stand (I18) to find out more.
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