#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.

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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.

https://www.altfi.com/article/6967_exclusive-nucleus-commercial-finance-automates-lending-up-to-250k-integrates-with-open-banking