PayNet announced Risk Insight Suite, a new interactive platform providing instant access to credit performance data and industry analysis on the small business sector of the Canadian economy at sbinsights.ca.
At Risk Insight Suite users can access credit performance data including lending activity and loan performance by province/region and industry sectors.
“PayNet is providing a unique window to examine small business lending and credit trends compiled from our real-time proprietary database from 1 million small business contracts worth over $70 billion in loans,” said William Phelan, president of PayNet. “Users of Risk Insight Suite Canada can identify new opportunities for growth, analyze lending activity by province/region and industry and monitor the business cycle.
Aimed at providing commercial lenders, regulators, government officials, institutional investors and media with increased data transparency and innovative analytics, users can benchmark their C&I growth against an objective index, and can even use this intelligence to lower operating costs.
“Lenders simply can’t find this quantitative view into this critical but opaque sector of the Canadian economy anywhere else,” Phelan said.
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