Metrics Monthly | December 2019 | UK Edition

retro analysis on their LMX (Equifax) products to investigate the possible benefits of adopting a multi-bureau approach and discovering the possible uplift that such a move may provide. LendingMetrics are familiar with all aspects of automated decisioning and versed in multi bureau data sources, so they were perfectly placed to help FFY look at implementing a multi-bureau approach. They completed the analyt- ics of the Equifax retro, sharing their findings and results and even designing a bespoke scorecard. FFY decided to complete the project in phases, initially implementing their decision engine exclusively with Tran- sunion data, which facilitated a faster ADP launch.

Results FFY successfully launched and now have a decisioning model which is highly scaleable. ADP was delivered on time and within budget without any upfront fees from LendingMetrics, making the multi-award-winning plat- form a cost-effective solution without compromising on functionality. Summary FFY have successfully migrated to ADP with minimal business disruption and are now enjoying the benefits of real time credit risk decisioning. FFY and LendingMetrics are both looking forward to working together on phase 2 of the project and combin- ing their skill sets.

We were excited that this ADP appointment took us into yet another sphere of lending within the retail sector, with ADP now implemented across many different markets.

- Neil Williams, CTO

Thanks for reading our December issue of Metrics Monthly. We look forward to sharing more industry news, highlights and company events with you in the New Year. We’re also re-vamping our look in January 2020 so keep an eye out for our upcoming announcements. Wishing you a Merry Christmas and a Happy New Year!

+44 (0) 2394 211010 | www.lendingmetrics.com

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