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Duologi go live
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Scottish Building Society adopts ADP to announce that it has been appointed by Scottish Building Society to deliver its credit decisioning solution. LendingMetrics is delighted
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Car finance speeds up Processing motor finance applica - tions is set to become faster and more efficient, following the launch of new technology by SaaS provider LendingMetrics.
Forward-thinking payment partner Duologi have successfully gone live with LendingMetrics' Auto
Decision Platform (ADP). Duologi, who specialise in point-of- sale payment solutions, such as for home improvements or retail pur- chases, will be utilising LendingMet- rics' multi-award-winning solution to both assess applicants and onboard merchants. Duologi had previously outsourced the build of an engine to an exter- nal IT company, which meant it was hard-coded and the company had limited control over changes. They wanted to bring decisioning in-house and were looking to streamline the process. With the support of LendingMetrics' expert team of analysts, Duologi have built two engines: one to process
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consumer loan applicants by running affordability checks and the other to onboard merchants who require Duologi to act as underwriters for their finance applications. The latter of these is a unique decision engine which runs company checks on mer- chants, and is integrated directly with the FCA to make sure the company is able to broker the decisions on behalf of the consumer. Duologi's future plans include expand- ing their use of ADP, having seen success with it when processing both merchants as well as end consum- ers, and aim to continue to use their industry-led digital innovation mindset to empower businesses in specialist sectors.
Duty calls
Lenders should be wary if their back office is not making the most optimal lending decisions, says David Wylie, in the light of upcoming Consumer Duty rules.
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www.lendingmetrics.com
Metrics Monthly | 15
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