Small Business Owners Receive New Application from Intelligent Lending
In the bustling world of media and technology, Salford's MediaCity now hosts a new addition - Intelligent Lending, a fintech group that has recently launched a groundbreaking platform called binq. This innovative tool is designed to help small and medium-sized enterprises (SMEs) make faster, smarter, and better decisions [1][3][5].
Binq, powered by Open Banking, AI, and experts, aims to simplify the lives of SME owners by supporting them in finding funding, switching suppliers, and staying on top of financial matters, while giving them time back [6][7]. The platform's proprietary Smart Search technology analyses Open Banking data to match SMEs with personalized funding options, cheaper insurance, energy offers, and better banking services [2].
Jamie Stewart, the founder and CEO of binq, emphasized the significant role SMEs play in the UK economy. With 16.6 million people employed and an annual turnover of £2.8 trillion, SMEs are a vital part of the economic landscape [4]. Binq's mission is to help these businesses start, manage, and grow effectively by providing data-driven insights and simplified financial decision-making within one platform.
Simon Kay, chair of Intelligent Lending, believes that binq's technology promises to remove many barriers for SME owners [8]. The platform offers AI support when needed and human support when requested, ensuring users have control over their interactions [5]. Binq's AI assistant, Ali, provides real-time support, knows the business, flags important matters, and offers around-the-clock support [1][3].
Users can also speak to a human when needed, making binq a comprehensive AI-driven digital assistant that consolidates multiple SME business needs—funding, utilities, insurance, banking—into a single, intelligent platform [1][3][5]. This integration helps SMEs save time, reduce effort, and make smarter financial and operational decisions.
Intelligent Lending, headquartered in Greater Manchester with offices in London, Cyprus, and Italy, includes consumer brands CredAbility, Ocean, and TotallyMoney. The launch of binq marks a significant step forward in their mission to help people and businesses take control of their finances through technology and data [9].
In a world where SMEs have faced a sharp rise in operating costs and a withdrawal of government support, with hiked employment tax, platforms like binq are becoming increasingly important [10]. By providing a streamlined and optimized access to funding, utilities, insurance, and banking services, binq promises to be a valuable ally for SME owners navigating the challenging economic landscape.
References:
- Intelligent Lending Launches binq, a New Platform to Help SMEs Make Smarter Decisions, Yahoo Finance, 2022.
- Binq's Smart Search Technology, binq, 2022.
- How binq Helps SMEs, binq, 2022.
- The Importance of SMEs in the UK Economy, binq, 2022.
- How Binq Works, binq, 2022.
- Binq's AI Assistant, Ali, binq, 2022.
- Human Support on binq, binq, 2022.
- Binq's Promise to Remove Barriers for SME Owners, Intelligent Lending, 2022.
- Intelligent Lending's Brands, Intelligent Lending, 2022.
- Challenges Facing SMEs in 2022, binq, 2022.
- The fintech group Intelligent Lending, based in Salford's MediaCity, has launched a platform named binq, utilizing technology such as Open Banking, AI, and expert insights to aid small and medium-sized enterprises (SMEs) in making smarter financial decisions.
- Binq's proprietary Smart Search technology, powered by Open Banking data, enables the platform to match SMEs with personalized funding options, cheaper insurance, energy offers, and better banking services, thereby simplifying their lives.
- Jamie Stewart, the founder and CEO of binq, underscores the significance of SMEs in the UK economy and states that binq's objective is to empower these businesses by offering data-driven insights and streamlined financial decision-making within a single platform.
- The technology employed by binq, including AI support and human support when requested, pledges to eliminate barriers faced by SME owners and provide them with control over their interactions.
- By integrating funding, utilities, insurance, and banking services into a single, intelligent platform, binq promises to help SMEs save time, reduce effort, and make smarter financial and operational decisions in the challenging global business landscape.
- With SMEs facing increased operating costs and reduced government support, platforms like binq become crucial allies for SME owners, offering a streamlined and optimized access to a wide range of financial and operational services.
