Dun & Bradstreet rolls out online solution-D&B Lending Intelligence

By Megha Bhattacharya

Dun & Bradstreet today announced the launch of an online solution D&B Lending Intelligence. The new solution will enable lenders to make better credit decisions for SMEs with the provision of a range of data that combines new UK commercial credit data from banks with additional data and analytics from the company’s Data Cloud.

“With many businesses facing disruption as a result of the pandemic, it’s more important than ever that commercial finance providers are able to access detailed and transparent data to inform and accelerate lending decisions,” said Tim Vine, Head of Credit Intelligence at Dun & Bradstreet. “Incomplete data slows decision-making and by providing data from lenders alongside additional data and analytics, our online solution is designed to enable quicker lending decisions and ultimately to support the government’s aim to increase access to finance through the increased availability of SME lending data.”

The company stated that D&B Lending Intelligence helps lenders improve the speed and efficiency of lending decisions and referrals using the recently available commercial credit data sharing (CCDS) information and its own proprietary data to help facilitate loans and support growth for UK businesses.

Recently, Dun & Bradstreet is offering a free Business Essentials package to support small businesses in the UK mitigate risk and restart growth in the wake of the Covid-19 pandemic. The company is also making a number of resources available to public sector organisations in support of efforts to stimulate business recovery.

“A key objective of the Small and Medium-Sized Business (Credit Information) Regulations is to open up access to credit data, improving the reliability of credit ratings and driving a more transparent and competitive lending environment which increases access to finance for smaller businesses,” said Alice Hu Wagner, MD, Strategy, Economics and Business Development at the British Business Bank.