#AlternativeLending / Nucleus Commercial Finance automates lending up to £250k, integrates with Open Banking

Nucleus new system uses machine learning to make decisions in under a minute, significantly reducing the time spent reviewing finance applications.


It has also fully integrated with Open Banking to improve the speed and accuracy of decision making for businesses, it says.

New features include automated ID verification and automated AML/KYC, which significantly reduce the administrative burden on both SMEs and their broker partners.

To date, Nucleus has processed over 5,000 applications via auto-underwriting with instant decisions being provided on over two thirds (68 per cent) of deals.