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The Money Platform adopts ADP
The peer-to-peer lender partners up with LendingMetrics as part of its rapid growth strategy
Pioneering peer-to- peer lender The Money Platform is partnering with LendingMetrics to take advantage of their industry leading Auto Decision Platform. ADP will allow the firm to boost their decisioning speed and flexibility, while empowering their customers with greater transparency and choice. The Money Platform enables an alternative line of credit for ’thin-file’ customers, by “connecting borrowers and lenders” without the hassle of financial institutions acting as middlemen. The platform is secure, transparent, and offers significant benefit to both borrowers and lenders.
As part of their strategy for ongoing, rapid growth within the consumer credit lending space and new product rollout, The Money Platform sought to partner with a solution which could provide for the high volume of transactions they required, as well as enabling them to respond faster than competitors to changes in the lending landscape. As a consumer lender, the current climate of macroeconomic change necessitated a solution which could roll out changes quickly to meet their customers’ individual challenges. They made the decision to adopt LendingMetrics’ innovative Auto Decision Platform to deliver greater flexibility. Building on The Money Platform’s existing capabilities and data models, ADP will further power the platform with high-speed and high-volume
credit decisioning tools. The ability to perform affordability checks rapidly across an array of integrated data sources will prove useful to the business, as its peer-to-peer offering requires it to thoroughly vet lenders and borrowers. “We’re pleased that The Money Platform has decided that ADP offers the best, future proofed solution to their and their customers’ challenges,” says David Wylie, Commercial Director of LendingMetrics. “Fast and reliable automated decisioning is key to their ongoing vision, and LendingMetrics are delighted to be delivering our award- winning solution to help achieve their goals. "Our team is looking forward to helping them attain complete autonomy over their decisioning logic, as well as supporting them in their future endeavours.”
18 | RedAmberGreen
Q1 | 2023
www.lendingmetrics.com
RedAmberGreen | 19
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