The Money Platform partners with LendingMetrics
The Money Platform has partnered with credit data company LendingMetrics to speed up its credit-decisioning processes.
The peer-to-peer consumer lender will use LendingMetrics’ Auto Decision Platform (ADP) to perform affordability checks rapidly across an array of integrated data sources, while offering customers greater transparency and choice.
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The Money Platform provides loans to so-called ‘thin-file’ customers, who are usually underserved by the mainstream credit market.
As a consumer lender, the platform felt the current climate of macroeconomic change necessitated a solution which could roll out changes quickly to meet their customers’ individual challenges.
It sought to partner with a solution that could accommodate a high volume of transactions, as well as enabling the platform to respond faster than competitors to changes in the lending landscape.
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“We’re pleased that The Money Platform has decided that ADP offers the best, future proofed solution to their challenges, and those of their customers,” said LendingMetrics commercial director David Wylie.
“Fast and reliable automated decisioning is key to their ongoing vision, and LendingMetrics are delighted to be delivering our award-winning solution to help achieve their goals. Our team is looking forward to helping them attain complete autonomy over their decisioning logic, as well as supporting them in their future endeavours.”
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