Metrics Monthly | July 2019 | AU Edition

Metrics Monthly | July 2019 | AU Edition

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M etrics M onthly

AU EDITION July 2019

In this issue Automation: the future of Australian credit decisioning

In this issue

Welcome Page 03

The votes are in! Page 04

New appointments Page 05

Case study Page 06

Why automate? Page 08

The elephant in the room Page 10

02 | Metrics Monthly

July 2019 | AU Edition

Welcome

Firstly, a huge welcome to the readers of the first edition of our company newsletter! July has been a busy month for us here at LendingMetrics and we’re looking forward to what lies ahead. Over the last few years our teams have been very hard at work making prod- ucts to give our clients the competitive edge they need, whilst also aiming to positively shake up the credit and loans market. Our Auto Decision Platform (ADP) is firmly cemented as one of the leading solutions in the UK and is quickly be- coming established here in Australia, a market where manual underwriting and more traditional businesses practices have kept companies from achieving their full lending and acceptance poten- tial. But Comprehensive Credit Report- ing is starting to level the playing field

across the 3 main CRAs and forward thinking lenders are set to benefit if they have the right technology. This month we’re not only celebrating 50 years since landing on the moon, but our UK-based OpenBankVision (OBV) being the first open banking platform to completely integrate with TSB Bank, making its percentage coverage of UK banks in the high 90s. July has been one of our most exciting months yet, with two new awards to add to our cabinet: Car Finance Awards’ ‘In- novation Award’ and Consumer Credit Awards’ ‘Innovation of the Year’ award, as well as three new appointments to our ever-growing team. We at LendingMetrics are continuing to aim high as we progress through the year and, with a similar growth forecast for the rest of 2019, we look forward to what the future holds!

Contacts

Call us +61 (0) 8946 79555 Email us [email protected] Visit our website www.lendingmetrics.com/au

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+61 (0) 8946 79555 | www.lendingmetrics.com/au

Metrics Monthly | 03

The votes are in!

Winner - Innovation of the Year (Partner) LendingMetrics is delighted to have won the Innovation of the Year award at the prestigious Consumer Credit Awards in London.

The finalists were announced back in May and LendingMetrics were named for their Auto Decision Platform (ADP) and Open Banking Vision (OBV) along- side Zoot Solutions, Credit Kudos, Flexys and Elanev. We would like to congratulate all of the other category finalists and are very proud and humbled by the recognition. The Consumer Credit Awards were formed in 2017 and put customers at the heart of the industry by helping them find the best credit providers in the UK. Their mission is to increase trust and transparency in the industry by deliver- ing the only credit awards voted for by consumers, and ‘not industry experts’.

Above: LendingMetrics founder David Wylie and Partnership Manager Claire Januszczak receiving the Innovation of the Year (Partner) award at the Consumer Credit Awards

Since the launch of ADP in 2017, Lend- ingMetrics has received widespread acclaim and has won multiple credit and technology awards including “Best Technology Supplier” at the 2018 Credit Awards, “Best Credit Information Pro-

vider” at the 2018 Lending Awards, “Innovation Award” at the 2019 Car Finance Awards and back-to-back wins as the “Best Credit Risk Solution” at the 2017 and 2018 Credit and Collections Technology Awards.

LendingMetrics founder David Wylie commented:

“

We have been seeking to positively disrupt the credit decisioning sector in Australia by delivering feature-rich, enterprise solutions at realistic price points, and this has resonated extremely well with the marketplace. This award, which is voted for by our customers, further illustrates the positive effect we are having and we would like to thank all those who supported us. With lots of major product enhancements on the horizon, we look forward to helping more lenders to achieve better outcomes for their customers in the years to come. The Australian credit market is an extremely exciting place to be right now with huge transformations in the credit >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12

www.lendingmetrics.com

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