Strands Compass is a digital banking platform designed to help Small and Medium-sized Enterprises (SMEs) navigate their financial journey. It enables financial institutions to extend their digital banking capabilities by offering a comprehensive platform to business clients. The platform provides real-time insights into cash flow predictions, leverages open finance by collecting data from invoicing to identify cross-selling opportunities, and aims to increase customer loyalty by making online banking the primary option. Key features include streamlining multi-banking cash flow and forecasting, integrating with third-party invoicing providers for efficiency, and automating invoice reconciliation. It also facilitates seamless credit access by providing deeper insights into SMEs' financial health, credit scoring, and risk indicators through enriched data and AI-based analytics. Strands Compass utilizes ML categorization enrichment engines and analytics models to detect real-time events based on customer behavior, supported by a global leader with a proven track record in the Fintech industry.

Features & Benefits

• Real-time Insights & Cash Flow Predictions: Utilizes real-time data for precise cash flow predictions and proactive risk navigation.
• Open Finance & Cross-selling Opportunities: Collects new data sources like invoicing to increase cross-selling opportunities.
• Simplified Invoicing Management: Integrates with third-party invoicing providers for seamless experience and better efficiency.
• Seamless Credit Access: Provides deeper insights into SMEs' financial health and credit scoring to offer personalized services.