The success of the project shows that Teylor’s SaaS offering can digitize SME credit processes across all products
Zurich (ots) – With SVEA Finans, Teylor has won a leading factoring provider as a further customer for the Teylor Lending Cloud (https://www.teylor.io/de/teylor-lending-cloud). With this, Teylor is once again demonstrating that the rapidly growing Software-as-a-Service offering can digitize alternative financing options in addition to traditional bank loans. Teylor was able to integrate the Teylor Lending Cloud into SVEA’s existing IT systems within just a few weeks, proving once again that the Teylor Lending Cloud is the ideal solution for the cross-product digitization and automation of SME credit processes.
As before with other banks, Teylor was able to seamlessly connect the Teylor Lending Cloud to SVEA’s existing systems. The main challenge in digitizing financial processes is to improve IT systems without disrupting ongoing lending. That is why the Teylor Lending Cloud consists of individual modules that are connected to existing IT systems without replacing them. As with many other customers, Teylor was able to ensure that existing systems continue to be used at SVEA and that SVEA’s employees and customers can now also use the possibilities of the Teylor Lending Cloud.
Patrick Stäuble, Founder & CEO of Teylor AG, says: “Like many of our customers, SVEA initially wanted to digitize their customer onboarding and customer management with the Teylor Lending Cloud. It was of crucial importance for SVEA that they continue to do the same We were able to guarantee data quality as before and that no data silos arise. That is why the Teylor Lending Cloud was the right choice for SVEA. “
Berna Senci, CEO of SVEA Finans AG, says: “With the Teylor Lending Cloud we have again modernized our IT infrastructure to ensure that we can continue to offer our German customers first-class service. We were impressed with how flexible Teylor the Lending Cloud is to our needs as an international company with different currencies and cross-border transactions. The cooperation with Teylor will help us to further expand our leading market position in Germany, Austria and Switzerland. “
Teylor is the Swiss fintech that developed the Teylor credit platform and the Teylor Lending Cloud, a software-as-a-service offering that banks can use to digitize and automate their SME credit processes. Since the company was founded, Teylor has processed loan applications worth several billion euros via the loan platform and integrated the Teylor Lending Cloud in various German banks. The Zurich-based company was founded in 2018 by Patrick Stäuble.
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Teylor digitizes factoring processes partnership leading provider