Retail Capital, a division of TymeBank and a leader in SME funding, has successfully launched a state-of-the-art decision engine in collaboration with GDS Link. This initiative, first of its kind in merchant cash advances, has been tailored to automate and enhance the pre-approval process for small business loans based on credit card sales.
The project kicked off in October 2022 with a comprehensive vendor selection process, leading to the choice of GDS Link for its cloud-based, user-friendly Modellica Platform. Retail Capital’s risk team led the charge, utilizing the software’s self-service capabilities to configure a decisioning system aligned with their strategic vision.
Key achievements include the consolidation of risk strategies for efficiency, enhanced audit controls, and the agility to test and adapt new strategies swiftly. The go-live in January 2024 reflects a successful partnership, with Retail Capital now enjoying greater control over credit decisioning, leading to more robust funding opportunities for SMEs and fostering economic growth.
This partnership not only signifies a technological leap for Retail Capital but also underscores the empowerment and innovation central to both companies’ philosophies.
About Retail Capital
Retail Capital is a leading fintech company that has been revolutionizing small business funding since its inception in 2011. Known for its innovative approach, Retail Capital offers a range of funding solutions tailored to the unique needs of small and medium-sized enterprises. With a strong emphasis on flexibility and accessibility, the company has developed a robust risk decisioning process and a series of fintech partnerships that enhance its service offerings.
About GDS link:
GDS Link is a global leader in credit risk and decisioning solutions, boasting over 18 years of experience. Specializing in data aggregation, advanced analytics, and responsive decisioning, GDS Link’s comprehensive solutions currently deliver over a billion decisions annually, enhancing the customer journey and making a significant impact for clients across 46 countries. The company’s expertise is bolstered by strong strategic partnerships in financial services and technology, enhancing credit risk management and business growth.
