Metrics Monthly | August 2019 | UK Edition

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Metrics M onthly

UK EDITION August 2019

In this issue A NEW INTEGRATION

Find out who has made the smart move to ADP for cutting edge credit decisioning

In this issue

Welcome Page 03

Will the winning streak continue? Page 04

LM team event Page 05

A new integration Page 06

Case study Page 08

FREE credit risk workshop Page 10

Time is money Page 11

Tap and go loans? Page 12

Image by: Gordon Williams

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July 2019 | UK Edition

Welcome

Contacts

Welcome back to the second issue of our monthly company newsletter! We hope you enjoyed reading our first issue, in which we celebrated receiving not just one but two new awards for our innovative Auto Decision Platform (ADP). We also announced an exciting new integration between our revolution- ary OpenBankVision (OBV) and TSB Bank. As the first open banking plat- form to completely integrate with TSB, this brings our percentage coverage of UK banks to within the high 90s. This month we have more exciting news, features and articles to give you something to read during the last few days of summer. August has been another busy month with a new appointment to our ever-growing Sales Team, and our annual summer event, which saw staff

from our Fareham office take to the bowling lanes and get competitive! Our headline story is about a new inte- gration with BrightOffice CRM, who have made the smart move to auto- mate their credit decisioning with ADP. Head over to page 6 to find out more about the integration partnership. We’re also offering you the chance to book a FREE credit strategy workshop with our industry experts, and find out how to gain valuable insight and move ahead of the competition. This issue’s thinkpiece by credit risk pro- fessional Andrew Tierney is considering the potential for ‘tap and go’ loans, as Open Banking opens up a new era of ultra-fast loan decisioning. If you enjoy reading this issue of Metrics Monthly, you can subscribe to our monthly edition via our website here.

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+44 (0) 2394 211010 | www.lendingmetrics.com

Metrics Monthly | 03

Will the winning streak continue?

LendingMetrics shortlisted for 5 new awards After winning two innovation

• Credit Risk Solution • Innovation in Credit • David Wylie - Person of the Year Among the nominations is LendingMet- rics’ founder David Wylie, who is short- listed for Technology Innovator Person of the Year. Honoured to be shortlisted, David Wylie commented: “Congratulations to LendingMetrics as a whole; the awards we have won are as a result of a team effort, as are these 5 nominations. I am truly honoured to be named amongst such a great group of industry peers, but mostly I am just pleased that our efforts to bring true innovation and positive disruption to the credit technology market are being recognised in this way. Win or lose, I will continue to encourage the Lend- ingMetrics family to push the bounda- ries of their imagination and drive true innovation.” LendingMetrics already boasts a long list of awards including ‘Best Credit Information Provider’ and ‘ Best Use of

Technology – Supplier’ , and it’s no sur- prise that our revolutionary platforms have received so much attention recent- ly, with our OpenBankVision (OBV) being the first Open Banking platform to go live with TSB Bank last month. In addition, our Auto Decision Platform (ADP) has been turning heads in the credit lending industry with its ability to orchestrate and execute the entire credit decisioning model and allow lenders to make instant changes, in real time. Our most recent awards for ADP include the Consumer Credit Awards’ ‘Innovation of the Year (Partner)’ award in July and Car Finance Awards’ ‘Innovation Award ’ in June. With some strong competition, we’re hoping that our winning streak contin- ues and are looking forward to an enjoy- able night at the awards in September which will be hosted by the Credit Ser- vices Association (CSA) at their annual Gala Dinner in Newcastle. To find out more about our award-win- ning platforms, call or email us.

awards in the space of 2 weeks, we’re thrilled to announce that LendingMetrics is continuing its streak of recognition by being shortlisted for the Credit & Collections Technology Awards in five different categories! The Credit & Collections Technology Awards were launched in 2017 and aim to recognise and reward technological innovation. Now in its third year, the 2019 awards will celebrate excellence and innovation in the UK credit and collections industry. Each category is judged by an independent panel of industry experts, who will examine tech- nological solutions in lending, credit and collections innovation. The shortlist was announced today and we are thrilled to be finalists for five awards: • Affordability Assessment Solution • Credit Reference and Information Solution

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August 2019 | UK Edition

LM team event Fareham team take to the lanes TheLendingMetrics teamhadagreat evening out at the annual summer event this month, which saw them take to the bowling lanes to show off their skills at Gunwharf Quays in Portsmouth. Between the teams, the overall winner was Andrew (rep- resenting the USA) followed closely by LendingMetrics CEO David Wylie.

BDM Steve Beard joins the team Steve Beard has been appointed as Business Development Manager and joins the Sales team in Fareham this month. Steve comes in with 15 years’ experience in sales, including SaaS platforms and IT. Steve is very ambi- tious and is looking forward getting involved and learning about our prod- ucts in more detail. Paul Brown, Head of Operations, commented: “Steve will be a great addition to the growing Sales team. To announce another new Business Development Manager shows that LendingMet- rics has progressive growth plans for the next year and the need to further increase head count due to the amount of enquires makes this an exciting time for LendingMetrics.”

Afterwards, the team celebrated a successful first half of the year with exotic cocktails and food at South American restaurant Las Iguanas. The event was a great opportunity for staff to let their hair down after a busy month, as well as meet new starters David and Robert ahead of their joining the team next month.

Business Development Manager Steve Beard

Above: The LendingMetrics team at Hollywood Bowl and Las Iguanas in Portsmouth

+44 (0) 2394 211010 | www.lendingmetrics.com

Metrics Monthly | 05

and LendingMetrics

A new integration

Various management software companies have been upgrading by adopting ADP by LendingMetrics for their cutting edge credit decisioning. loan

We are delighted to announce that BrightOffice Limited are one of these, having recently integrated with our award- winning Auto Decision Platform.

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August 2019 | UK Edition

LendingMetrics founder David Wylie commented: We are delighted to have completed this integration with BrightOffice and look forward to helping more of their clients to surge ahead of the competition with a market leading auto decisioning strategy. ” “

BrightOffice has specialised in the Alternative Business Lending space over the last three years and has gradually gained traction in the wider Consumer Lending market. However, the company is constantly looking at ways to enhance the solu- tion for the benefit of its customers and identified industry leading auto credit decisioning functionality as a strategi- cally important requirement. ADP offers a highly secure and scala- ble decisioning solution integrated to all of the major credit reference agen- cies as well as Open Banking. Lenders can action real time credit risk changes via the ADP user interface and utilise

the platform’s affordability, AML, pro- prietary scoring and risk-based pricing features. The integration partnership means that lenders can leverage a tried and tested technical solution that also dramatically reduces the implementation lead times. Commenting on the news, Michael Fairhurst from BrightOffice said: “We’ve been looking to partner with a market leading automated underwriting product for over a year, and Lending- Metrics’ solution is a perfect fit for us.  It complements other API integrations we have - such as with UK Land Registry - for our clients’ diligence processes.” LendingMetrics anticipates other plat- form providers will follow suit and adopt

ADP as a way of significantly enhanc- ing their loan management solutions by delivering fully comprehensive and sophisticated decisioning functionality to their customers via a unique custom- er user interface. Over the last 18 months, we have won 5 awards for ADP and our Open Banking solution OBV. This unique combina- tion allows lenders to orchestrate and leverage the >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14

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