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Welcome to another compelling issue of Metrics Monthly! With restrictions across Austral- ia putting a lot of things on hold, the finance industry world is still revolving, and this month’s newsletter looks at recent awards, Fintech inquiries and the collapse of rent-to-own retailer BrightHouse. Our ‘in the news’ section looks at the recent inquiry by the Australian Senate Committee into Fintech providers and its recommendations to drive compe - tition in the sector. We’re also show - casing the new Nesta challenge which offers A$4.9m to support solutions that can help people access financial assis - tance or access affordable credit during this difficult time. Our feature piece this month follows on from our May article about how mortgage lenders have been recog - nised extensively for the fantastic work they are doing to process millions of
payment holiday requests. As the 6 month Mortgage Holiday scheme in the UK draws to a close, we ask “what’s next for the mortgage industry? ” and look at the recent FCA guidance which aims to ensure firms provide tailored support to mortgage borrowers who continue to face financial difficulties. Amidst the negativity in the media this month, we have some good news to share, as the results of 19,000 consum- er votes are counted and LendingMet - rics is recognised for our outstanding work with our partners. Our featured thinkpiece this month is by CEO David Wylie, who says the col - lapse of BrightHouse and others, plus an ongoing tidal wave of compensation claims, should act as a wake-up call to the regulator on page 10. If you haven’t subscribed to Metrics Monthly yet, make sure you head to our website to sign up and receive monthly editions straight to your inbox.
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Metrics Monthly | 03 Our online Auto Decision Platform (ADP) saves on time, money and errors, driving more profits to your bottom line. ADP assesses your applicants in real-time, 24 hours a day, and delivers consistent and accurate lending decisions in milliseconds.
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