FinTech Platform

BEHANZIN FINTECH Online Platform addresses the lack of access to credit for the MSMEs doing business in the Caribbean region who don’t have the tangible collateral required by the commercial financing institutions to be able to access available credit. This Platform is ideally positioned to facilitate working capital financing as credit underwriting is based on the relationship between the buyer and the seller and the payment/production history of each entity. Further, the integrated debit card platform will facilitate better controlled disbursement of funds as well as financial reporting via a linked bookkeeping platform. 

The platform also facilitates medium-term financing to the hospitality sector for renovating and refurbishing of hotel properties based on cash flow lending tied to assigned revenue from tour operators.

 

Reduced Costs and Risks

BEHANZIN keeps up to date with the latest innovations in financial regulations and the automation of regulations. Continuous innovations translate into the reduction of client’s regulatory and compliance costs, automation of certain compliance tasks and risk reduction. 

  • Standardized presentation of country and regional data
  • Automation of data collection
  • Open source compliance systems that encourage FinTech participation
  • Compliance criteria built into protocols, removing human error

Access to finance and the path beyond will be accompanied with suitable procedures with reduced operational and compliance risks. 

 

Improved Disbursement of Funds

The BEHANZIN FinTech Platform assists businesses in improving operations and facilitates financial discipline. The integrated debit card platform facilitates better-controlled disbursement of funds as well as financial reporting via a bookkeeping platform and as a result, positions its users to gradually earn direct access to financing from commercial financial institutions or other sources of investment capital. 

The platform supports populations that are still not formally part of the financial landscape and assists businesses in improving operations and facilitating financial discipline.

As a result, BEHANZIN Fintech Platform positions its users to gradually earn a direct access to financing from commercial financial institutions. 

 

Platform Benefits

  • Secured Web-based application for MSME financing.

  • Financing facilitation with reduced risk.

  • Credit expansion opportunities with lower delinquencies created through a more effective monitoring. 

  • Reduced Costs & Risks

  • Adapted to SME working capital financing needs.

  • Secure sales process.

  • real-time credit risk assessment via Bookkeeping @mobilecloud.

  • Finances underserved needs.

  • Reinvents cash flow financing and creates linkages between sector.

  • Process optimization, cost saving, risk-based pricing, effective monitoring & risk mitigation.

  • Compliant credit scoring and rating, data capturing, monitoring, lending workflow.