Ulster Bank speeding up SME loans
Ulster Bank is investing tens of millions in new risk assessment technology, in a bid to hasten loan approvals for small firms and grab market share from the pillar banks.
Ulster Bank is investing tens of millions in new risk assessment technology in a bid to speed up loan approvals for small businesses and grab market share from the pillar banks.
The RBS-owned bank, which is the third-biggest lender to SMEs in Ireland, is installing an automated credit scoring system to help loan officers give same-day responses for half of all approvals on loans of up to €80,000.
The quick turnaround would be a huge...
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