Following an exciting win of ‘Technology Partner of the Year’ at the Consumer Credit Awards earlier this month, LendingMetrics is pleased to have been announced as finalists in five different categories at the Credit & Collections Technology awards.
LendingMetrics has been shortlisted for:
- Affordability Assessment solution
- Credit Reference & Information solution
- Credit Risk Solution
- Best use of Credit & Collections Technology (joint entry with Loans 2 Go)
- Innovation in Credit (joint entry with Loans 2 Go)
For two of these categories, we partnered up with Loans 2 Go, a log book loan company that specialises in fast, simple and convenient consumer loans. The lender previously appointed LendingMetrics to support the launch of their online lending platform, offering automated flexible loans to suit the consumers’ needs. Since, Loans 2 Go have been utilising LendingMetrics’ Auto Decision Platform (ADP) to automate and change their credit decisions in real time, champion challenge their rules and analyse the results, all within the platform, as well as using the Equifax suite of products and LendingMetrics’ OpenBankVision (OBV) for fully categorised Open Banking data.
The Credit & Collections Technology Awards were launched in 2017 and aim to recognise and reward technological innovation. Now in its fourth year, the 2020 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 technological solutions in lending, credit and collections innovation. After a rigorous entry and judging process, the awards culminate in a prestigious ceremony in Manchester on Thursday 19th November.
LendingMetrics has already received numerous awards for its innovative and cutting-edge ADP solution, which delivers comprehensive automated credit decisions through direct interaction with customers. ADP previously won ‘Credit Risk Solution’ three times in a row at the 2017, 2018 and 2019 Credit & Collections Technology Awards, and we’re hoping that the next-generation platform is recognised for a fourth time.