Can Open Finance Revolutionise SME Lending?

Open finance, powered by APIs, is ushering in a new era of SME lending by enabling seamless data sharing across financial services.

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What is Open Finance?

It extends the principles of open banking to a broader range of financial products, allowing lenders to access richer data sets.

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Impacts

Enables lenders to create more personalized, accurate credit assessments.
Helps SMEs access tailored products and potentially better rates.
Facilitates innovation in financial services through fintech partnerships

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This shift promises to increase competition, reduce friction, and improve access to finance for SMEs across the UK.

Jamie Davies

Managing Director

As a founder of multiple businesses, Jamie believes that mindset, discipline and ambition are key drivers for success, both for his businesses and for his clients.

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Disclaimer: Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over. Guarantees and Indemnities may be required. Spark Finance may receive commission from lenders which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).