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Heron Data help over 100 banks and lenders to understand a businesses' financial performance from their bank data. Instead of having to build categorisation rules in-house and manually tagging data, they use machine learning and other approaches to label all bank transactions, and produce a financial score for that company. They are a London-based startup backed by investors like BoxGroup and Y Combinator.
“Processing new applications is so much faster now, meaning that we are not only able to offer a much better customer experience with quick decisions, but also enable us to …
“I could go as far as saying that we almost wouldn’t be able to properly underwrite without Heron, or at the very least not do it in an effective manner. …
“Heron is best-in-class at making sense of bank data. Building the tech ourselves instead of partnering with Heron would have been like hosting our own servers rather than using a …
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