LendingMetrics founder David Wylie commented: We are delighted to have completed this integration with BrightOffice and look forward to helping more of their clients to surge ahead of the competition with a market leading auto decisioning strategy. ” “
BrightOffice has specialised in the Alternative Business Lending space over the last three years and has gradually gained traction in the wider Consumer Lending market. However, the company is constantly looking at ways to enhance the solu- tion for the benefit of its customers and identified industry leading auto credit decisioning functionality as a strategi- cally important requirement. ADP offers a highly secure and scala- ble decisioning solution integrated to all of the major credit reference agen- cies as well as Open Banking. Lenders can action real time credit risk changes via the ADP user interface and utilise
the platform’s affordability, AML, pro- prietary scoring and risk-based pricing features. The integration partnership means that lenders can leverage a tried and tested technical solution that also dramatically reduces the implementation lead times. Commenting on the news, Michael Fairhurst from BrightOffice said: “We’ve been looking to partner with a market leading automated underwriting product for over a year, and Lending- Metrics’ solution is a perfect fit for us. It complements other API integrations we have - such as with UK Land Registry - for our clients’ diligence processes.” LendingMetrics anticipates other plat- form providers will follow suit and adopt
ADP as a way of significantly enhanc- ing their loan management solutions by delivering fully comprehensive and sophisticated decisioning functionality to their customers via a unique custom- er user interface. Over the last 18 months, we have won 5 awards for ADP and our Open Banking solution OBV. This unique combina- tion allows lenders to orchestrate and leverage the data available from all of the major credit reference agencies, to manage their decisioning and collec- tions strategy. It also fully supports Open Banking data which allows lenders to decision over fully categorised bank statement data, delivering income and expenditure intel- ligence like no other.
+44 (0) 2394 211010 | www.lendingmetrics.com
Metrics Monthly | 07
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