The SME specialist lender has implemented the technology to help deliver improved application facilities for its customers.

Open Banking — which aims to improve the application process — enables businesses to share financial information with lenders in real time.

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“Launching Open Banking capabilities provides us with the ability to streamline our application process,” said Martine Catton, chief operating officer at Catalyst (pictured above).

“It provides us with more accurate and stronger data to facilitate swifter decision making which ultimately allows us to offer better financial solutions to our clients.

“Undertaking Open Banking is a huge step forward for Catalyst.

“We are focused on delivering even better service to our intermediaries and clients alike and this partnership is an integral part of helping us to achieve that aim.”