This post is part of our live coverage of FinovateFall 2013.
Then, Luminous showed how its PreApprover helps financial institutions efficiently screen potential borrowers:
“Online business loan PreApprover is a customer-driven, self-service tool that identifies suitable loan customers from unsuccessful applicants with minimal effort from the bank. PreApprover reduces the amount of resources spent on the screening process and enables more business customers to apply for loans.”
Product Launch: February 2013
Product distribution strategy: Through financial institutions
HQ: Johannesburg, South Africa
Founded: 2009
Website: luminousbanking.com
Twitter: @luminousbanking
Presenting Andrew Buchanan (Global Head of Sales) and Andrew Teversham (CTO)
The full demo video will be available at finovate.com in mid-September.