Others may refer to them as “third-party service providers” or simply “SPs.” The most common way to refer to a third party is as a third-party vendor. But whatever you choose to call them, vendors or service providers can be broken up into three major categories: Goods Vendors: A...
A communication service provider (CSP) signing a new customer to an ongoing agreement A customer opening a new bank account or processing a mortgage application A real estate agent finalizing a rental agreement An insurer issuing a new insurance policy ...
Not too long before the COVID-19 pandemic broke loose, early 2020, I got a phone call from the Vice President of R&D of a biochemical startup company. He explained that the purpose of the company was to develop (and spearhead the development of) the next generation fast-charging batteries...
This is where open banking credit checks can save the day — by opening up the data from their bank to a mortgage provider, the mortgage provider could see, for example, their long history of paying rent on time. With this data to hand, the mortgage provider could assess the applicant ...