Copenhagen-based Danske Bank revealed a new digital solution that allows its small business customers to get a loan within minutes with access to the money on the same day.
The solution was first piloted and trialed last year. Prior to this, it would take the bank five days to process a customer’s application and then 10 more days for the customers to be able to access the funds.
In a statement yesterday, Niels Bang-Hansen, Head of Business Banking in Denmark, said:
For a couple of years now, we have worked to improve the customer experience within the area of finance. We are very pleased that we have now developed a digital tool that makes credit processing simple and seamless for our business customers, giving them a good experience with Danske Bank when they need a credit facility.
Learn more at Danske Bank and Finextra.
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