HES FinTech, provider of lending platforms, has partnered with Acquired.com.
Through this collaboration, lenders who use HES’ technology will have access to a payment solution that enables quick loan disbursement and easy borrower-centric collection strategies.
HES needs a partner with extensive experience in the lending industry and one who can provide a range of payment options for borrowers, including Apple Pay, Google Pay, and Open Banking, in order to establish long-term connections with the UK lenders.
Acquired.com’s Account Updater tool will enable HES’ lenders to avoid needing to contact borrowers whose card details have expired, been lost, or stolen. Allowing recurring payments to be taken seamlessly by updating customer payment details automatically without impacting on service, benefitting both the lender and borrower.
Acquired.com is a payment expert that provides specialised, uniquely designed solutions for payment processing. By boosting the end-to-end lending process with their custom-built solutions, from loan disbursement processes to optimised ongoing and one-off collections, they are well-positioned to help lenders employing HES LoanBox.
Additionally, Acquired.com’s Pay by Bank solution enables the merchants of their partners to offer their consumers the option of authenticating and approving payments through their bank without the need to enter card information or additional credentials. When combined with card payments, this solution allows businesses to use a single platform for account-to-account, gateway, and acquiring payments, with all transaction data shown on a single dashboard.
HES FinTech offers sophisticated automation-driven lending solutions to financial institutions all around the world. According to the official press release, HES FinTech’s platforms, which can be made available in as little as four weeks, enhance the entire lending process by automating tedious manual operations. Additionally, the artificial intelligence (AI) credit-scoring solution aids in removing the shortcomings of conventional credit scoring and increases non-performing loans by up to five times.