Kerry fintech helps credit unions compete with new entrants to lending market
Kerry-based fintech Visualyse is helping credit unions to compete with new entrants to the Irish lending market, such as Revolut. Visualyse uses artificial intelligence, data-driven algorithms, open banking technology and Central Credit Register data to enable credit unions to deliver rapid loan decisions.
Visualyse, which is set to onboard its 75th credit union and is used by many of the largest Irish credit unions, including Member First, St. Jarlaths and North Midlands credit unions. The cloud-based technology can integrate with any core banking system through its secure web-based API.
The Visualyse technology can be used for loan applications originated via the web, in-branch or over the phone.
“Credit unions can now confidently compete with digital new entrants while also offering the member-focussed, personal, local service that credit unions are renowned for” said Colm Begley, CEO of Visualyse “For some of our credit union clients, almost 50% of loan approvals are immediate.”
Dingle Hub-headquartered Visualyse was founded in 2012 by Colm Begley and Des Ennis and employs six people. In 2021, the company achieved the prestigious ISO27001 certification.
TechCentral Reporters
Subscribers 0
Fans 0
Followers 0
Followers