CASE STUDY
Customer stories Commercial lender Shire Leasing made their underwriting agile with “no code” automated decisioning
Shire Leasing is an SME lender, who specialise in delivering flexible funding solutions for businesses, including commercial finance, asset leasing and equipment finance. Established in 1990, they support over 60,000 customers each year, offering automated decisions in as little as 6 seconds. Why LendingMetrics? The lender had already been utilising automated underwriting since 2001 but found that moving from single track sales channels to multi-sales channels resulted in much more complexity in their decisioning. They needed constant
IT developer involvement to do what they were trying to achieve, so were looking for a solution that gave more control, allowed flexibility and did not require an IT resource to make changes. Shire Leasing had previously spoken with LendingMetrics 3 years before deciding to work with the finance tech - nology provider, during which time they looked at alternative solutions includ- ing developing a system in-house and working with other third parties. They eventually chose to use LendingMet- rics’ Auto Decision Platform (ADP) , due to it being universally connected to any data sources, including internal and Credit Reference Agency (CRA) sources, and there being no reliance on an IT team once the intuitive platform was implemented.
The number one priority of ADP is to deliver autonomy to clients, leaving them free to build, test, edit and deploy the most simple or the most sophis- ticated decisioning logic, without dependency upon any IT resources. Shire Leasing value the importance of innovation and agile working, and this was influential when choosing a tech - nology partner. LendingMetrics’ 3 year research and development roadmap ensures their platform is continual- ly evolving and remains cutting-edge, and their financial stability was another driving factor in the lender’s decision. In particular, they felt that ADP offered a good balance of cost to benefit, espe - cially in comparison to the costly CRA solutions.
20 | Metrics Monthly
Q2 | 2022
Made with FlippingBook - professional solution for displaying marketing and sales documents online