Open Banking allows you to harness the power of real-time financial data to gain deeper insight into affordability, reduce risk, and accelerate decisioning. Open Banking empowers lenders with a more accurate, transparent view of an applicant’s financial health, enabling faster, fairer, and more responsible lending.
5 KEY BENEFITS OF
HOW TO OPTIMISE YOUR CREDIT DECISIONS
1
COMPREHENSIVE
Gain access to real-time financial data , enabling more accurate assessments of a borrower’s financial health.
This access to real-time financial data allows you to achieve:
Tailored product offerings Reduced default risks Informed decisions
2
ENHANCED
EXPERIENCE
Open Banking reduces the need for manual documentation, speeding up the loan application process and making it more user-friendly.
3 IMPROVED EFFICIENCY
Open Banking will automate your data collection and analysis, enhancing efficiency , reducing human
error and freeing up valuable resources.
4 OPTIMISED
REDUCTION
Utilise the most accurate and up-to-date financial data to detect fraud by identifying anomalies in customer behaviour, reducing potential losses .
5
TRANSPARENCY
Ensure good customer outcomes and stay compliant with the Financial Conduct Authority (FCA) guidelines with Open Banking data.
OpenBankVision (OBV) empowers you to build an incredibly clear picture of your customer’s affordability .
DECISIONS
ARE YOU READY FOR
GET IN TOUCH
info@lendingmetrics.com www.lendingmetrics.com/contact
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