OneSoil and HES Collaborate to Develop Agricultural Lending Software
HES (HES FinTech), LLC and OneSoil announced a strategic partnership to provide advanced loan workflow capabilities and credit scoring in agricultural lending and insurance.
OneSoil and HES Collaborate to Develop Agricultural Lending Software
HES (HES FinTech), LLC and OneSoil announced a strategic partnership to provide advanced loan workflow capabilities and credit scoring in agricultural lending and insurance.
The companies are collaborating to deliver a unique platform – WizeRise – focused on assessing the creditworthiness of farm borrowers during loan applications. The solution is designed to improve efficiency and decision-making for risk officers.
HES develops and markets web-based lending and machine learning software for financial institutions. Based on PDS 2.0 methodology, the company operates an integrated end-to-end digital lending solution for managing the full loan lifecycle in a single system.
HES develops and markets web-based lending and machine learning software for financial institutions. Based on PDS 2.0 methodology, the company operates an integrated end-to-end digital lending solution for managing the full loan lifecycle in a single system.
Dmitry Dolgorukov
"By partnering with OneSoil, HES is aiming to streamline lending decisions and operations for the agricultural sector," said Dmitry Dolgorukov, CEO of HES. "Data collection and management have always been cumbersome and costly for lenders, especially in farming. Combining our technology with OneSoil's powerful and data-rich solution will allow lenders to create new revenue streams, as well as attract and retain more farm borrowers."
OneSoil offers an AI-powered precision farming platform that monitors acreages, helps to plan farm operations, increases productivity and saves resources using satellite imagery and machine learning.
Slava Mazai
"The relationship with HES represents a powerful opportunity for OneSoil to significantly expand our presence in the lending market," said Slava Mazai, CEO of OneSoil. "This partnership brings together deep skills in B2B fintech product development with state-of-the-art technologies in precision agriculture, and allows us to help banks finance small farming developments quickly and efficiently. We do not require a farmer to fly a helicopter to see his work from above, so why send them to a bank to deal with paperwork that takes days."
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