Nextcredit chooses LendingMetrics
We are delighted to announce that the online consumer lender Nextcredit has selected LendingMetrics as its technology partner in the UK.
Nextcredit is a sophisticated analytics-based online consumer loan company and was looking for a trusted partner to supply their new loan management system and auto decisioning.
After extensive market research, Nextcredit settled on ADP for the next phase in their company’s growth. ADP by LendingMetrics is the award-winning Auto Decision Platform voted “Best Credit Risk Solution” at the Credit & Collections Tech Awards 2017/18 and has delivered autonomous comprehensive credit decision engine control to Nextcredit. Additionally, LendingMetrics supplied the market leading loan management platform Laps to replace the incumbent supplier and help facilitate the planned growth of Nextcredit through its almost-limitless automation.
Commenting on the news Clare Brown, Operations Director at Nextcredit, said
We have growth plans to expand the Nextcredit brand and to utilise our deep data analytics background to help us get there. It was important for us to secure a technology partner who possessed the solutions to facilitate our growth, whilst giving us the tools to fully leverage our data intelligence and incorporate our rule modifications into our credit decisions, on demand. ADP and Laps were exactly what we were looking for.
David Wylie, Sales and Commercial Director at LendingMetrics said
We were particularly thrilled to be selected by Nextcredit because we knew of their sophisticated approach to data analytics and the degree to which they had scrutinised the capabilities of ADP. It has been a pleasure to work alongside such a friendly and professional team at Nextcredit and we look forward to a long rewarding relationship and to helping them meet their goals
Auto Decision Platform (ADP) was named “Best Credit Risk Solution” at the Credit and Collections Technology awards 2017/18 and LendingMetrics recently secured the ISO 9001/2015 and 27001 security certifications.