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PayNet Offers New Interactive Platform Covering Canadian Small Businesses

April 27, 2016, 07:23 AM
By
Topic: Industry News

PayNet announces 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 www.sbinsights.ca.

Private businesses are a key driver of the Canadian economy; indispensable in their role as job creators and innovators across the entire country that can’t be measured on any stock market ticker. PayNet’s indices function as solid indicators of economic activity that provide early insight into market trends.
 
At Risk Insight Suite, users can access one-of-a-kind 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,” states 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 noted.

For instant access to the richest measures of Canadian small business credit please visit Risk Insight Suite at www.sbinsights.ca.

PayNet, Inc. Canada is the premier provider of risk management tools and market insight to the commercial credit industry, collecting real-time loan information from leading Canadian lenders and turning it into actionable intelligence. The company's proprietary database -- updated weekly -- is a growing collection of commercial loans and leases, worth over $70 billion. Using state-of-the-art analytics, PayNet converts raw data into real-time market intelligence and predictive information that subscribing lenders use to manage risk, lower operating costs, originate more loans and improve their business strategy.

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