A record hike
Record 120% hike in transactions at LendingMetrics Loan underwriting transcations cleared by automated underwriting technology broke through the 10 million threshold at LendingMetrics for the first time this week. Auto Decision Platform (ADP) , our multi-award-winning credit decisioning platform, saw the biggest increase over the preceding 12 months with volumes jumping by just under 170%. Our aggre- gated credit data service, LMX, and Open Banking platform, OpenBankVi- sion, saw significant increases at 87% and 144% respectively.
our people and our customers to make LendingMetrics the go-to partner for forward thinking lenders and the best place for our team to thrive and shine. These numbers prove that our offer- ing resonates strongly with the market and lenders are migrating to us in ever greater numbers. Once with us, almost without exception, they scale up and grow with the help of our award-win- ning automation.”
We are pleased to announce that we have processed over 10 million trans- actions on our platforms during the last 12 months. The figure represents an increase of more than 120% on the pre- vious year, with all sectors of the busi- ness surging.
David Wylie, LendingMetrics’ Commer- cial Director and co-owner, said: ‘We’ve relentlessly invested in our products,
08 | Metrics Monthly
February 2020 | UK Edition
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