BRASS Application Corp. Embodies the Future of Open Banking in Canada

VANCOUVER, British Columbia - Aug. 16, 2023 - PRLog -- The global financial technology landscape is rapidly evolving, with significant growth projected in the digital lending and open banking sectors. BRASS, an innovative mobile application, will lead this transformation in Canada by leveraging the power of open banking to change consumer lending. According to recent market data, the worldwide digital lending platform market, valued at USD 4.87 billion in 2020, is expected to grow at a compound annual growth rate (CAGR) of 24% from 2021 to 2028. BRASS aims to be at the forefront of this growth by providing innovative lending solutions directly to consumers and small businesses. Traditional credit scoring systems can be limiting and affected by the frequency of credit reports pulled by lenders. BRASS disrupts this norm by providing an independent credit scoring system that reflects the latest financial updates, ensuring individuals' credit scores are not negatively impacted by multiple credit inquiries over a short period. This unique feature enhances flexibility and ensures fair access to credit.

With a focus on addressing client needs and improving consumer lending, BRASS incorporates cutting-edge technologies, including artificial intelligence (AI) calculations and hybrid clouds, within its end-to-end digital architecture. The result is an innovative app that allows users to make sound financial decisions. BRASS's mobile app streamlines the lending process, eliminates manual credit score reviews, accelerates real-time credit decisions, and simplifies the consumer loan process. This approach benefits borrowers and offers a strong value proposition for small and medium-sized businesses (SMEs) seeking smart and profitable lending solutions. BRASS is set to be an innovator in the Canadian open banking landscape, targeting both the general population, as online banking usage continues to rise, and SMEs, which form a substantial portion of the business landscape. The app's innovative approach, lack of direct competitors, and commitment to providing independent credit scoring solutions make it a game-changer in financial technology.

About BRASS Application Corp.: the BRASS mobile application provides an alternative to traditional credit reporting to verify individuals' creditworthiness for lenders based on open banking technology. (https://brass-app.com/)