Freedom Finance launches Lender Performance Index

Freedom Finance has launched a new Lender Performance Index to help lenders see how they perform within the marketplace.

The index aims to “drive lenders to make more competitive offers, while delivering better outcomes for customers using the platform,” the embedded finance provider said.

It is part of a series of new updates to the Freedom Finance offering which have been newly rolled out without any downtime to its existing services.

Read more: Freedom Finance welcomes growth in consumer finance

The fintech has also updated its cloud and API platform to enable it to scale as it aims to become a leader in the embedded finance space.

The upgrades will enable Freedom Finance to onboard new embedded finance partners through an automated software processes within one hour. Once onboarded, these partners can then access a full marketplace of financial products via an API.

Read more: Online lending booms as consumer lending rose by £1.5bn last year

Freedom Finance’s chief technology officer Nick Allen said: “The continued development of our platform is vital to meeting our principles of putting the customer at the heart of our services, ensuring the highest quality product and reducing friction throughout the customer journey.”

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