"The information from Enin is central to our work on credit risk and the follow-up of loan customers," says Steinar Sæther of Nordic Corporate Bank (NCB).
Nordic Corporate Bank provides financing and banking services to mid-sized companies and their owners. They put the emphasis on personal service, short processing times and a good customer experience. NCB primarily finances customers who can point to a strong track record and solid partners. They have used Enin since the bank was founded, and have so far managed to avoid losses and defaults.
This is what Steinar says NCB gains from using Enin:
1. Access to a complete dataset in the right context
"There is a vast number of sources that can give us information about matters concerning our loan customers. What sets Enin apart from other providers is not just the ability to prioritise the information and alerts that matter, but above all to put information from different providers into context with one another. That, combined with an analysis seen from a credit risk perspective, saves us a great deal of work and gives us an invaluable overview. It means we can minimise the risk of large potential losses on loans without it costing us much time and effort."
2. An overview of critical changes
Close follow-up of loan exposures is central to the work of reducing the bank's credit risk.
"By monitoring existing customers with daily updates from Enin, we can follow up efficiently. We get early warning when our customers run into difficulties, so we can open a dialogue with them at an early stage. It is reassuring to be told automatically when something happens that affects the running of a company, rather than having to check in regularly ourselves. In practice, that saves us a lot of time and uncertainty."
3. Frictionless collaboration
"Enin keeps our needs as a customer front and centre, they actively build features that make our working day easier, and they have built a new and well-structured technology that makes it easy for us to integrate with them. That, on top of their efficiency and professionalism, is why we will keep building on this partnership."
We at Enin are confident that this is only the beginning of a very good relationship going forward, and we thank Steinar for sharing how he benefits from our data.
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