Hylobiz: Providing Data Insights for Banks on SME & Corporate Clients

As a comprehensive B2B fintech platform, Hylobiz has successfully brought the industry’s first connected banking platform to enable working capital and trade automation. It not only goes beyond traditional banking solutions by providing powerful real-time data insights for enriched banking but also helps banks in multiple ways to enhance their offerings, understand their customers better, and drive revenue growth.

The platform supports and delves into specific data insights to offer banks by transforming raw information into actionable intelligence. This enriched data empowers banks to make more informed decisions, offer tailored financial products and services, improve operational efficiency in areas like reconciliation and gain a competitive edge by providing enhanced value to their corporate and SME customers.

So, let’s explore the power of enriched data insights to offer better banking services to businesses.

Fintechs Empowering Banks with Smart Banking Solutions

The traditional view of banking data often revolves around basic transactional information. Hylobiz, however, enriches this view by pulling in additional layers of crucial trade data. This provides banks with a more holistic understanding of their corporate and SME clients’ financial ecosystems.

Hylobiz empowers banks by:

• Enhancing Business Rule Engine: By incorporating data like trade ledgers, invoices, purchase orders, and aging-wise debt, banks can significantly enhance their business rule engines. This leads to more sophisticated risk assessment, improved credit scoring models, and the ability to offer more tailored and relevant financial products to their clients.
• Real-time Reconciliation with Virtual Accounts: The platform provides real-time reconciliation of transactions occurring within virtual accounts. This offers banks immediate visibility into invoice status, field collections, and overall transactional activity, enabling proactive monitoring and efficient account management.
• Automating Reconciliation with Bank Accounts: Hylobiz extends its reconciliation capabilities to traditional bank accounts, including ACH and other collection/payout methods. This provides banks with a consolidated and real-time view of fund movements, simplifying their internal processes and improving accuracy.
• Embedding Corporate Credit Card Data in Payout Workflows: By embedding commercial card data into the payout workflow, Hylobiz offers banks valuable insights into how their clients are utilizing commercial cards for making payments against the invoices raised by their vendors.

This ensures the timely availability of funds that shall result in faster payouts. This can reveal opportunities for banks to promote card usage, understand spending patterns, and potentially offer tailored card programs to businesses.

Banks Unlocking Key Advantages by Partnering with Hylobiz

By leveraging the data insights provided by Hylobiz, banks can achieve several key advantages:

• Enhanced Efficiency and Automation: Hylobiz automates key processes like invoice management, reconciliation, and payment reminders, freeing up bank staff to focus on more strategic initiatives. This automation extends to both collections and payouts, streamlining workflows for both the bank and its clients.
• Improved Risk Management: The enriched data, including insights into aging-wise debt and transaction patterns, allows banks to make more informed decisions about lending and credit risk. This leads to better portfolio management and reduces the likelihood of defaults.
• Increased Revenue Opportunities: Hylobiz facilitates increased transactional revenue through digital payments and provides opportunities to promote corporate credit card usage. Furthermore, banks can offer Hylobiz as a value-added service to their clients, creating a new revenue stream.
• Stronger Client Relationships: By providing clients with tools for efficient invoice management, automated reconciliation, and seamless payments, banks can enhance customer satisfaction and build stronger, more enduring relationships.
• Scalability and Flexibility: Hylobiz’s platform is designed to be scalable and flexible, adapting to the specific needs of different banks and their clients. It can be offered as a white-labeled solution and seamlessly integrates with existing ERP systems.

The Future of Banking: A Data-Driven Transformation

The banking industry is undergoing a profound transformation, with data at its core. Hylobiz, one of the leading fintech in this evolution, empowers banks to move beyond traditional, transactional relationships. By embracing connected banking principles and harnessing the power of enriched data insights, banks can not only optimize their current operations but also foster a more collaborative and supportive financial ecosystem.

This enables them to cultivate deeper, more strategic partnerships with their SME and corporate clients, driving sustainable growth and securing a competitive edge in the years to come. By leveraging Hylobiz, banks can gain a 360-degree view of their SME and corporate clients, enabling them to offer proactive guidance, anticipate financial needs, and deliver solutions that fuel growth and success.

Embracing the Data-Driven Banking Revolution

Hylobiz enables banks to transition from reactive transaction processors to proactive financial partners. By embracing enriched data insights, automating processes, and fostering stronger client connections, Hylobiz is the key to thriving in the evolving world of B2B finance.

Take action today to transform your bank’s future. Visit uae.hylo.biz or contact us for a demo and discover the power of Hylobiz.

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