BEC brings Subaio's credit check solution to 18 Danish banks

Subaio has partnered with BEC Financial Technologies to bring automated credit assessment to 18 Danish community banks. The partnership marks a significant expansion of Subaio’s credit intelligence solutions, making them available to a much wider group of bank customers across Denmark.

The partnership

BEC Financial Technologies, a Danish full-service IT company supplying development and operations to numerous Danish banks, will offer Subaio’s credit check solution to its affiliated banks. Major customers including Spar Nord and Nykredit now have access to the technology.

“Technology partnerships with companies that are leaders in their field are central to BEC’s strategy.”

— Thomas Byrdal Christensen, BEC

How it works

The solution digitizes and automates what was previously a manual, time-consuming process:

1. Customer authentication, customers authenticate via MitID to authorize data access
2. Data retrieval, Subaio retrieves transaction data from accounts and credit cards across any bank
3. Budget generation, the system automatically generates a comprehensive budget showing all income and expenses
4. Customer review, customers can review and adjust the budget before submission
5. Advisor handoff, bank advisors receive the complete documentation for faster decision-making

This streamlined process benefits both customers, who spend less time gathering documents, and banks, who can make faster, more informed credit decisions.

Expanding reach

The BEC partnership significantly expands the reach of Subaio’s credit intelligence solutions in Denmark.

“Through collaboration with BEC, we can bring our solution’s advantages to a much wider group of bank customers.”

— Thomas Laursen, CEO, Subaio

With 18 banks now able to offer automated credit assessment, millions of Danish banking customers gain access to a faster, more convenient loan application experience.

About BEC

BEC Financial Technologies is a Danish full-service IT company with 1,700 employees in Denmark and Poland. The company supplies IT development and operations to numerous Danish banks, enabling them to offer modern digital banking services.

Key takeaways

1. Scale through partnerships, working with IT providers like BEC multiplies impact across multiple banks
2. Automation improves experience, digital processes benefit both customers and bank staff
3. Comprehensive data, cross-bank transaction access provides complete financial pictures
4. Customer control, letting customers review and adjust budgets builds trust

Want to bring automated credit assessment to your bank? Request a demo to see Subaio’s solutions in action.