XEN, a loan management platform for commercial lenders and factors, partnered with Creditsafe, a global expert in credit monitoring and risk management. Through the partnership, Creditsafe’s credit risk data will integrate into XEN’s platform, a move designed to allow lenders to use credit risk data from over 430 million businesses worldwide to make more informed reliable credit decisions.
This integration is intended to benefit lenders who are underwriting new borrowers, improving the quality of financial data available to them and giving them more certainty about their decisions. Ultimately, the integration of Creditsafe data into the XEN platform is aimed at minimizing lending risks, while also making the lending experience more efficient and rewarding.
“We are thrilled to partner with Creditsafe to offer our clients a more streamlined and efficient lending experience,” Jessie Szemraj, head of product at XEN, said. “By bringing Creditsafe’s comprehensive credit insights into XEN, we further our mission of simplifying access to and aggregation of key information so lenders can streamline underwriting, enhance risk management and grow their business.”
“Data is our bread and butter as a business,” Steve Carpenter, chief operating officer for North America at Creditsafe, said. “So, partnering with XEN to put our credit risk data at the forefront of the lending experience aligns perfectly with our strategic vision. Our goal is to make sure lenders always have the full picture of risk available to them before they make any decisions as well as throughout the lifecycle of the lending experience.”
