[Exclusive] Biz2X Launches Middleware Platform ‘Maadhyam’ For Lenders, Aggregators

Biz2X is a turnkey global SaaS platform that enables financial institutions to provide a customized online loan service experience for their small and midsize business customers. With an end-to-end API based platform, the company provides outstanding support related to financial processes including loan management, servicing and collection management. Biz2X is a pioneer in the fintech sector setting benchmarks with its esteemed, quality and result-oriented financial services. 

Biz2X, being a key player in the financial space, identified the lack of a technology that can support growing businesses in India under the roof of financial expertise. The company felt the need to enhance the credit momentum in the nation so that India can become more technologically advanced and economically balanced. The current situation for SMEs and MSMEs is plagued with proprietary connectors making the entire process of credit access time consuming for businesses. As a solution, Biz2X came up with the idea of launching a technology that can not only facilitate easy access to credit for businesses but can also provide them with a set of options to choose from as their lender, hence enriching the entire financial ecosystem. 

Fuelling the government of India’s long term vision and approach of self reliant, Biz2X launched a technology middleware to support lenders, industry aggregators and SMEs in India. The platform acts as a growth catalyst for various businesses in helping them reach their financial goals along with an easy access to credit. A plethora of benefits await new businesses that are willing to expand and mark their presence in the Indian market through their services. Maadhyam is an integration of futuristic technologies like Machine Learning and Automatic Intelligence to bridge the gap between businesses and credit access. 

Maadhyam sets the pace just right, be it for SMEs, aggregators or financial lenders in the Indian market. With access to Maadhyam, the banks can experience a reduction in fraud loan applications along with time consumption in the loan processing window. The artificial intelligence backed with data can help improve the loan application numbers for the banks associated with Maadhyam. For aggregators, the technology middleware promises an improved structure of customer retention and cross-selling of products as an overall boost to lender-borrower relationship. On the other hand, SMEs can get easy access to credit with a simplified process which offers easy and transparent disbursals and allows them to get access to competitive lending rates. Hence, opening a window for new businesses to decide what suits their business best. 

Maadhyam has been envisioned by Biz2X as a core provider to ease the hassle that every new business in the nation faces which is the financial setup and access. This technology will act as a gate of opportunities and access for lenders as it will provide them with data that is available through APIs at a low cost and hence allowing them to look at reduced costs of financing loans for SMEs and MSMEs. With a core idea of streamlining the tangled situation of lenders, borrowers and businesses, Maadhyam, addressing the need of the hour and the vision of advance India, will facilitate the idea of being ‘Aatmanirbhar’ and give the country its state-of-the-art platform that supports financial stability.