The UK fintech sector is booming, and company data is at the heart of many innovative products. From instant business lending to embedded KYC, fintech companies are finding creative ways to leverage company intelligence.
The Fintech Data Advantage
Company data enables fintechs to:
- Automate decisions - Real-time data for instant approvals
- Reduce friction - Pre-fill forms, verify automatically
- Improve risk models - Rich data for better predictions
- Scale efficiently - Handle volume without manual review
- Stay compliant - Built-in KYC/AML data
Use Cases in Fintech
Business Lending
Modern lenders use company data for:
- Instant eligibility - Check company age, status, filings
- Credit assessment - Analyse financial statements automatically
- Director checks - Evaluate management track record
- Ongoing monitoring - Track borrower health post-funding
Payment Services
Payment providers leverage company data for:
- Merchant onboarding - Verify business legitimacy
- Risk scoring - Assess merchant risk profiles
- Compliance - Meet AML obligations
- Fraud prevention - Detect shell companies
Invoice Financing
Invoice finance platforms use data to:
- Verify debtor companies
- Assess debtor creditworthiness
- Monitor debtor health
- Detect concentration risk
Embedded Finance
Companies embedding financial services need:
- Instant verification - Verify businesses in real-time
- Seamless KYC - Compliance without friction
- Risk data - Power credit decisions
- Ongoing compliance - Continuous monitoring
API-First Architecture
Fintechs need data that's:
- Fast - Sub-second response times
- Reliable - High availability, consistent uptime
- Scalable - Handle growth without degradation
- Developer-friendly - Easy to integrate
CorporaOne's API is built for fintech:
- RESTful design with JSON responses
- 99.9% uptime SLA available
- Comprehensive documentation
- SDKs for popular languages
- Webhook support for real-time updates
Building a Lending Product
Example architecture for a business lender:
- Application - Customer enters company number
- Verification - API call confirms company exists and is active
- Data pull - Fetch financial history, directors, ownership
- Scoring - Feed data to credit model
- Decision - Instant approve/decline/refer
- Monitoring - Set up alerts for funded companies
With CorporaOne's API, this entire flow can complete in under 3 seconds.
Compliance by Design
Fintechs face strict regulatory requirements. Company data helps with:
KYC (Know Your Customer)
- Verify company identity and registration
- Confirm company is active and legitimate
- Identify directors and beneficial owners
AML (Anti-Money Laundering)
- Screen against risk indicators
- Identify complex ownership structures
- Monitor for suspicious changes
Ongoing Monitoring
- Track customer companies throughout relationship
- Alert on material changes
- Maintain audit trail
Case Study: B2B Payments Platform
A payments platform integrated CorporaOne to:
- Automate merchant onboarding verification
- Reduce KYC processing time from days to minutes
- Improve risk detection with financial data
- Monitor merchant portfolio continuously
Results:
- 90% reduction in onboarding time
- 40% reduction in fraud losses
- 50% reduction in compliance costs
Getting Started
For fintech companies, CorporaOne offers:
- Enterprise API - High-volume, low-latency access
- Custom SLAs - Guaranteed uptime and support
- Dedicated support - Technical integration help
- Flexible pricing - Volume-based pricing that scales
Contact us to discuss your fintech use case and get API access.