Redwood Bank and Jaywing renew partnership

Business Bank Redwood has announced that it will continue its relationship with Jaywing through the uptake of Echelon, the consultancy’s Commercial Real Estate Credit Scoring software.

Echelon enables clients to process commercial credit risk applications faster, securely and with greater consistency, while gathering and storing data to enable a cycle of continuous learning and improvement.

Nevan McBride, Risk Practice Director at Jaywing, said “Through the use of Echelon and other proprietary tech and consultancy services, new banking and even fintech lenders can upscale fast and reach profitability quicker.”

“Doing so relies on implementing tools that offer a level of consistency and surety into their commercial decision-making processes and beyond. Redwood Bank already had a sharp vision of their future growth plans with a key focus on enhanced credit risk management. Through clear communication, the right technology and in-house expertise, it’s been a pleasure working with such a forward-thinking organisation.”

Rajesh Khosla, Chief Risk Officer at Redwood Bank said “At Redwood Bank, it’s important that we have a strong control environment to meet the needs of our business while looking to enhance our credit risk management processes. That’s why it’s so important that we rigorously assess our suppliers to ensure they meet these high standards. The Jaywing team has delivered a highly tailored solution that meets our specific needs and worked incredibly well with our risk teams, proving to
be a very valuable partner for our future growth.”