De Volksbank more decisive when financing entrepreneurs

Fyndoo

Applying for a corporate loan financing for clients at SNS and RegioBank has been digitized. In a short timeframe a complete online platform has been realized which digitizes the entire loan application, from application up to and including processing. In this way self employed persons and entrepreneurs can, after receipt of all documents, obtain their financing within 5 working days.

Published at: Juni 22, 2020
“ With this digital solution we increase our effectiveness ”
Dennis Karacan, product owner corporate financing at de Volksbank

Dennis Karacan, product owner corporate financing at de Volksbank

“Our mission, Banking with a human dimension, translates itself for our corporate financing towards more simplified and transparent products with personal attention. In Fyndoo we have found a partner to show these principles in the application process. With this digital solution we increase our efectiveness to offer entrepreneurs and self-employed persons faster, also for financing corporate real-estate. In this way we actively act upon the need of entrepreneurs and provide them in the future with fast access to cash resources to make them do what they excel at: entrepreneurship.”

Facilitating growth for entrepreneurs has always been focus during the development of Fyndoo Lending. This has made the partnership with de Volksbank a very logic one. 

“ Due to this solution clients of de Volksbank receive an instant quotation, also for financing real-estate ”
Jamie Burink, Head of Business Lending

Facilitating growth for entrepreneurs has always been focus during the development of Fyndoo Lending. This has made the partnership with de Volksbank a very logic one. 

“With Fyndoo Lending we offer financers a solution to grant a wide spectrum of corporate financing, both online as well as through intermediairies or the traditional bank branch, or even mixed. Our belief in this is that technology leads to efficient processing for applications within the policy framework. This same technology at the same time should provide room for human assessment should the situation so require. We have designed Fyndoo so that the process adjusts itself to the client, his or her financing request and the financing purpose. De Volksbank actually used those possibilities. Due to this solution clients of de Volksbank receive an instant quotation, also for financing real-estate” says Jamie Burink, Head of Business Lending. 

Fast-track application process 

Within six months de Volksbank was live with Fyndoo Lending. This digitizing meant a significant accelleration of the total process. Clients can now easily and swiftly provide all required documents via the online application portal. For this they can turn to their RegioBank branch or SNS Store they are familiar with. Via sns.nl/zakelijk it is also possible to send in an application fully digital. 

Since the process after sending in the application has been digitized as well, applications meeting the policy framework will be processed automated. This means increased client convenience and efficiency gains compared to the situation where requests are processed traditionally. In this way enterepreneurs and self-employed persons, after receiving all documents, can obtain their financing within a maximum of 5 working days.

Corona (also for KKC scheme applications)

The application portal also is available already for requesting a corporate credit loan with the Small Credits Corona Guarantee Scheme (Kleine Kredieten Corona-garantieregeling, KKC) that was launched on 29 May 2020. SNS, RegioBank and also ASN Bank clients that were hit by the consequences of the corona virus can apply for a corporate credit loan with KKC scheme.