Metrics Monthly Q1 | 21


LendingMetrics updates

Two new additions to the LendingMetrics team LendingMetrics welcomed two new additions to the team this quarter, and is looking forward to ex- panding further in the coming months.

Contracts and Compliance Officer Maxine Raleigh

Operations Assistant Natasha Lawal

Maxine Raleigh joined the company in a new role as Contracts and Compliance Officer in February. She brings a wealth of experience in claims and contracts, after many years of working in the legal sector. Maxine previously studied in Southampton and in her spare time can be found lifting weights at the gym.

A new Operations Assistant also became a member of the team in February. Natasha Lawal joined from a background in sales and finance administration, and has already hit the ground running with providing excellent support to the Operations and Sales teams. Natasha enjoys cycling and cre- ating entertaining videos for her chil- dren's Youtube channel.

The LendingMetrics team are still cur- rently working from home but with views for a gradual reintroduction to the office in the coming months, with staff safety remaining top of the priority list. To stay up to-date with the LendingMet- rics team, make sure you follow the company page on Linkedin.

LendingMetrics are delighted to announce that Decimal Factor have selected ADP for their assisted decisioning.

Business funding specialist Decimal Factor have chosen to use LendingMet- rics’ Auto Decision Platform (ADP) for their assisted decisioning in order to orchestrate their credit decisioning data and scale their business. Decimal Factor specialises in arrang- ing responsible funding solutions and their goal is to make funding availa- ble to SMEs who are struggling to get business loans from high street banks. Having specialised in the funding of small business loans for over 10 years, Decimal Factor required an automated decisioning platform that would allow themtocombine all of their data sources together into one approval process, including application and third party data. ADP was the solution chosen, as it

utilises proprietary data solutions and is a powerful decision engine builder that puts the lender in control of credit rule changes and allows operational/credit risk staff to control changes in real-time through its comprehensive, award-win- ning user interface. ADP is openly connected to all major CRAs plus many other 3 rd parties including Open Banking platforms. One of the key requirements of Decimal Factor was the ability to incorporate this Open Banking data, which Lend- ingMetrics were able to provide using their OpenBankVision (OBV) platform. OBV allows companies to make better lending decisions and their customers to take control of their valuable bank transaction data. The powerful platform

combination allows Decimal Factor to view their customers’ business’s bank statement data digitally in real time, thus being able to make more accurate lending decisions based on fully cate- gorised data. Commenting on the news, Madhav Soundalgekar, Chief Digital Officer at Decimal Factor, said: 'Our partnership with LendingMetrics is strategic and enables us to adapt to changing criteria and new needs such as CIBILS in the UK and PPP in the US. The platform is easy to configure by business analysts and helps in pre-pro- cessing the underwriting criteria of our lender panel to find the best product match.'

12 | Metrics Monthly

Q1 | 2021

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