DFKP opts for fino cockpit

Deutsche Firmenkredit Partner (DFKP) provides German SMEs with access to suitable financing, independent of their bank. On one hand, DFKP acts as a partner to small and medium-sized companies that are looking for traditional corporate loans or alternative financing solutions. On the other hand, it brokers enquiries from creditworthy companies to 150 banking partners, helping them to conserve their sales and advisory resources. Last year alone, the financing consultant successfully brokered 223 million euros to SMEs.

In order to make financing applications and lending even faster and more convenient for corporate customers, DFKP will combine qualified personal advice from financing experts with the fino-Cockpit digital solution in future. This is AI-based data analytics software that analyses account transaction data in real time according to parameters such as income, expenses, existing contracts and loans as well as personnel costs and then summarises the results transparently. DFKP  has integrated this approach into its credit rating. DFKP consultants and the financial institutions involved can see at a glance what the financial situation of the interested party is like. Inquiring companies also benefit, as they do not have to spend time compiling documents to prove their liquidity. Instead, corporate customers simply log into their online banking via a PSD2 interface with their usual access data and fino-Cockpit‘s algorithms analyse the account transaction data according to relevant creditworthiness criteria.

‘Personal advice for our customers is at the centre of our financing process. The AI-based analytics solution from fino.digital optimally supports our advisors in carrying this out in an even more targeted manner and quickly finding a customised financing solution for the customer,’ says Paul Weber, Managing Director of DFKP.

‘We are delighted that we were able to convince DFKP of our solution,’ emphasises Aleksandar Jeremic, CEO of fino.digital. ‘This use case shows once again how intelligent data analysis with fino-Cockpit creates added value from data, from which both DFKP and its customers benefit through greater transparency and significant time savings.’