Financial institution Banco BPM unveils innovative smart lending system designed to bolster Small and Medium-sized Enterprises (SMEs).
A Breath of Fresh Air in Banking — Small and Medium-sized Enterprises (SMEs)
In the bustling heart of Italy, Banco BPM stands tall, earnestly holding the hands of SMEs, the lifeblood of the Italian business world. And to further empower these strongholds, the institute in Piazza Meda has unveiled a groundbreaking masterpiece — the Smart Lending platform, an innovative tool that's shaking up the financing landscape. Let's delve into this game-changer with Matteo Faissola, Banco BPM's Commercial Manager.
The Vision behind Smart Lending
Sustainability and evolution have always been at the heart of Banco BPM's mission, intertwining yesterday with tomorrow while harnessing cutting-edge, secure technology. A key objective is to empower both the Banco BPM employees and the SMEs, freeing up precious time for meaningful interactions and allowing businesses to focus on their core activities. The pièce de résistance? A seamless, remote banking experience. Welcome to the future of loan applications!
Streamlining Financial Operations, the Smart Way
Smart Lending offers an enormous leap forward in efficiency. It shortens the risk assessment process, slashing time taken to make a decision and reducing the bureaucratic burden of piles of documentation. All of this is made possible by the use of advanced technologies. In fact, Banco BPM has set aside a staggering €600 million for IT sector investments. So, what more could a time-starved entrepreneur ask for?
Quality Data: The Cornerstone of Smart Decisions
The Smart Lending platform also brings superior data quality to the forefront. By pooling together a vast array of internal and external data, this smart system creates a crystal-clear picture of a company's financial health. Reduced chances of errors and minimized need for corrections ensure a precise assessment, benefiting both Banco BPM's consultants and the businesses they serve.
Time is Money: The Advantage of Remote Operations
Built on rock-solid IT foundations, the Smart Lending platform allows entrepreneurs to perform various operations remotely, enhancing flexibility and boosting productivity. So, whether it's midday in Milan, Venice, or Palermo, businesses can tap into their credit lines anytime, anywhere.
In essence, Banco BPM's Smart Lending platform is the missing link in SMEs' financial journey, working tirelessly to streamline banking processes, enhance security, and empower businesses to take their operations to the next level. The future is here — and it's smart!
Sources 1. Banco BPM. (2022). What Matters to Us. Retrieved from https://www.bancobpm.it/content/dam/bancobpm/it/download/attivita-banca/alone/sustainability/2022/Sustainability-Visions-BancaBPM.pdf 2. Banco BPM. (2022). Banca BPM aumenta il suo impegno a favore dell'ecosustainability con un nuovo saldo negativo di carbonio e la concessione di caratterizzazioni climatiche alle aziende clienti Retrieved from https://www.bancobpm.it/it/news/2022/11/22/banca-bpm-aumenta-il-suo-impegno-a-favore-dell'ecosustainability-con-un-nuovo-saldo-negativo-di-carbonio-e-la-concessione-di-caratterizzazioni-climatiche-alle-aziende-clienti 3. Banco BPM. (2022). Banca BPM: la collaborazione con le cooperative all'interno di un accordo nato per sostenere l'ecosistema agroalimentare e il settore mobiliare italiano Retrieved from https://www.bancobpm.it/it/news/2022/12/21/banca-bpm-la-collaborazione-con-le-cooperative-all-interno-di-un-accordo-nato-per-sostenere-l-ecosistema-agroalimentare-e-il-settore-mobiliare-italiano
Other financial institutions could emulate Banco BPM's Smart Lending solution, leveraging technology to empower businesses and streamline finance operations. Other businesses might benefit from investing in advanced technology, as Banco BPM has allocated €600 million for IT sector investments.
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