Following several calls between FFY and the LendingMetrics project man- agement team, and once the require- ments gathering phase had been com- pleted the implementation team took the lead. LendingMetrics took a total of 6 weeks to complete the seamless build of the decision engine in addition to a new Transunion component which was added to the platform, before passing FFY the finished ADP decision engine for acceptance testing. During the implementation phase FFY were also working with the LendingMet- rics analytics team to complete a free 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 combining their skill sets.
Are you enjoying this issue of Metrics Monthly? For industry highlights, valuable insight and much more.... Subscribe for free today!
+61 (0) 8946 79555 | www.lendingmetrics.com/au
Metrics Monthly | 17
Made with FlippingBook - professional solution for displaying marketing and sales documents online