Monthio, a prominent credit decisioning solution, has joined forces with Enable Banking, a leading Open Banking connectivity provider, to facilitate improved loan approval procedures in Spain. Leveraging their expertise in banking and Open Finance technology, Monthio aims to enhance the speed and accuracy of credit decisions for major financial institutions and loan providers across the Nordics. Meanwhile, Enable Banking offers extensive Open Banking connectivity throughout Europe.
By collaborating with Enable Banking, Monthio is set to assist Spanish banks and loan providers in delivering enhanced customer experiences through quicker and more informed credit decisions. Many financial institutions in Spain currently rely on outdated data and manual processes, leading to slow and inaccurate loan approvals.
Monthio’s CEO & Founder, Mads Aarup Pedersen, expressed the significance of this partnership, stating, “Through this partnership we are taking the first step to support financial institutions in Spain. Here, too many banks and credit providers rely on manual processes and outdated data to make credit decisions, resulting in slow and inaccurate loan approvals.”
“Through this partnership we are taking the first step to support financial institutions in Spain. Here, too many banks and credit providers rely on manual processes and outdated data to make credit decisions, resulting in slow and inaccurate loan approvals.”Mads Aarup Pedersen, Monthio’s CEO & Founder
Joonas Tomperi, CEO and co-founder of Enable Banking, expressed enthusiasm about working with Monthio and enabling secure and comprehensive financial data access not only in Spain but also across other regions through Open Banking. Tomperi stated, “We are delighted to collaborate with Monthio, providing them with secure and extensive financial data that we can offer in Spain and beyond via Open Banking.”
This partnership between Monthio and Enable Banking heralds an exciting development in Spain’s financial landscape, as the integration of Open Banking connectivity and advanced credit decisioning technology paves the way for faster, more accurate loan approvals, ultimately benefiting both financial institutions and customers.
Monthio combines deep banking expertise with cutting-edge
technology to transform the lending landscape, trusted by leading banks and credit providers in the Nordics.
About Enable Banking:
Enable Banking is a pioneer with its privacy focused,
comprehensive Open Banking connectivity, enabling transformative financial
services to meet the evolving customer and business needs.