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News 15 January 2018

AnaCredit & FORCE Business Lending

In Q3-2018, the vast majority of Financial Institutions within the European Union have to start reporting detailed information about their credit facilities to the European Central Bank (ECB). ECB has named this project ‘AnaCredit’: Analytical Credit datasets.

Our economists and data modeling experts have made a comprehensive analysis of the AnaCredit Directive, specifically in the FORCE Business Lending context. Being well-prepared for this upcoming regulation is essential, which made us decide to perform this research and share the outcome with you in a clear whitepaper. In the analysis we mainly focused on the business lending domain, being the relevant area for the FORCE Business Lending platform.

A few small – already implemented – changes aside, we can announce that FORCE Business Lending is compliant with the AnaCredit directive. We are happy to discuss what this means for you and how we together can ensure your organization to be ready in a timely manner. Next to this we can be of service helping your organization to prepare for this- and other regulations in a broader sense. The whitepaper is here available for download and consists the research approach and its outcome:

Whitepaper – FORCE Business Lending & AnaCredit v1.0

In case you would like to receive additional information, please contact us via the contact section in the menu or directly via your Topicus contact.

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Contact:

Jamie Burink Head of Business Lending jamie.burink@topicus.nl