Metrics Monthly | November 2020 | AU Edition

The next logical step

Propensio Finance have selected LendingMetrics’ Auto Decision Platform for their assisted decisioning

Propensio Finance , the specialist lender in the aspirational lifestyle sector, have adopted Lendingmet- rics’ Auto Decision Platform (ADP) to augment their credit decisioning process. Having used OpenBankVision (OBV) by the same provider since 2019, Propen- sio are now implementing automated decisioning to leverage the bank trans- action data as the next step in develop- ing their affordability strategy. The key motive behind this adoption was the lender’s desire to make their underwriting process more consistent, robust and scalable and LendingMet- rics’ ADP was the perfect fit. The next generation private-cloud-based solu- tion delivers comprehensive, automat- ed decisions through direct interaction with customers, and allows lenders to decision in a compliant manner. Following a swift requirements gather - ing stage, LendingMetrics have already begun the configuration phase into Pro -

pensio’s UAT environment, which will allow them to test the building, editing and maintaining of multiple decision engines without the need for technical or IT-qualified personnel. They will also be able to use the UAT environment to run real-time champion/challenge scenarios and retro analysis without affecting the consumer experience. Following UAT and acceptance testing will come the last stage of the imple- mentation process: the production environment, which will complete the delivery of the project. Propensio will be able to use ADP to create complex, powerful or simple policies, and include proprietary scoring algorithms and complex affordability matrices in order to provide the best possible service to their customers. Commenting on the news, Dave Hindle (Chief Executive Officer at Propensio) said: “We established a relationship with LendingMetrics last year and quickly recognised the enabling ben - efits of tools like OBV to enhance our

proposition by speeding up our deci- sion making. We felt it was time to take the next logical step and the ADP plat- form gives us an immediate increase in capacity whilst, more importantly, making our affordability and sustain- ability assessments more robust and consistent. The ease with which we can edit the decision engines ourselves is the real cherry on the cake and means we can remain dynamic and agile. The project team there have been fantastic in helping us build the core engines and we’re really looking forward to working with them going forward”. David Wylie (Commercial Director at LendingMetrics) added: “We’re delight- ed to continue working with Propensio after successfully launching our OBV platform with them last year. We’re pleased that by choosing ADP to assist their decisioning, Propensio will be able to construct a highly consistent under- writing process and we look forward to a prosperous partnership.”

06 | Metrics Monthly

November 2020 | AU Edition

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