Open Banking: A new service for lending to sole proprietors in Kazakhstan

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Photo by: kapital.kz

Bank CenterCredit and Documentolog signed a Memorandum of Cooperation in the direction of Open Banking, DKNews.kz reports.

Bank CenterCredit and the IT company Documentolog launched a pilot project using the Lending for Individual Entrepreneurs API.

Now Documentolog clients (individual entrepreneurs) can apply for a loan from a bank on the Documentolog Market digital services platform. This solution is a significant step in simplifying and speeding up lending processes in the B2B sector.

“Documentolog Market is the first digital services marketplace; our main mission is to make the work environment more efficient and convenient by simplifying the exchange of documents and services between companies. Documentolog Market is part of the Documentolog ecosystem, whose users today are more than 100,000 companies and 120,000 individuals” Amina Baikenova, head of Documentolog Market

Thanks to the service implemented through the Open API of Bank CenterCredit, you can fill out a loan application, and receive a decision and a loan from the bank immediately online.

“The Bank is developing Open API technologies, understanding the importance of this area for the entire financial sector of Kazakhstan. We strive to provide high-quality technological services for our partners, creating opportunities for the development of their business” Bank CenterCredit President Ruslan Vladimirov

“Working with the API from Bank CenterCredit has become a positive experience for our company. This is just the beginning of our cooperation; we see large-scale prospects for the further development of the financial sector in the country” Aklia Dzevulskaya, Managing Director of Documentolog Project Management

Today, any organization can apply to digitalize its service and transfer interaction with its clients and partners to an online format on the Documentolog Market platform.

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DKNews International News Agency is registered with the Ministry of Culture and Information of the Republic of Kazakhstan. Registration certificate No. 10484-AA issued on January 20, 2010.

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