Republic Bank of Arizona taps Biz2X for business lending platform
Republic Bank of Arizona (RBAZ) has partnered with Biz2X, a turnkey Software-as-a-Service (SaaS) platform for small business lending and digital banking developed by New York-based Biz2Credit.
Republic Bank of Arizona partners Biz2X
Key features of the platform include loan origination and management, data and risk analytics, and customer journey configuration.
The locally-owned community business bank is to adopt its partner’s platform to enhance its lending and decision-making capabilities throughout its small business administration loans and online cash management services.
“Partnering with Biz2X enables us to streamline our community business lending decision-making, expand lending options, and make it easy for Arizona businesses to get the capital they require for growth,” explains the bank’s EVP and chief credit officer, Amy Lou Blunt.
Blunt adds that, as part of its efforts to support businesses in the greater Phoenix area, the adoption of the platform will enable the bank to lend “24 hours a day”.
Biz2Credit claims that its platform has processed $8 billion in financing since launching in 2019, and currently counts HSBC, Australian Finance Group and Popular Bank among its clients.
