Open Bank Vision and Auto Decisioning Platform (ADP) announced as finalists in the Credit & Collections Technology Awards

We are delighted to announce that LendingMetrics has been shortlisted as a finalist within the inaugural Credit & Collections Technology Awards in the “Credit Risk Solution” category for its Auto Decision Platform (ADP) and Open Banking solution.

LendingMetrics supplies credit risk data, analytics and decisioning technology to credit providers of all types. It seeks to challenge the established suppliers and has become the disruptive “go to provider” for lenders seeking consumer and business credit risk solutions.

This final shortlist recognises the unique combination of ADP and Open Bank Vision which together set new standards in credit risk intelligence and functionality.

Open Bank Vision or OBV will formally launch to the wider market in January 2018 using the much anticipated Open Banking APIs supplied by the major UK banks. OBV has been developed using our extensive industry knowledge and over 5 years’ experience in working with bank transaction data through the OBV predecessor BankVision. This has enabled LendingMetrics to deliver a Phase II Open Banking solution which calls upon our proprietary, tried and tested (and constantly evolving) bank data categorisation algorithms to ensure that users of the data have a head start over their competitors who elect to use alternative Open Banking providers.

OBV is a standalone platform accessed via our modern suite of APIs and therefore can be integrated into most LMS or CRM platforms. However many of our clients choose also to use it with our Auto Decisioning Platform ADP. ADP is a powerful, extremely fast and secure decisioning platform with comprehensive functionality to equal anything currently available in the marketplace, but at a fraction of the cost. We have committed everything we have learned about credit risk over the past 10 years into developing and delivering ADP, and the results are impressive.

In isolation, ADP or Open Bank Vison each are powerful solutions, but together they are formidable, and the shortlisting of LendingMetrics to the Credit Connect Finals is recognition of that fact.

Commenting on the news, David Wylie, Sales Director at LendingMetrics said, 

“We are honoured to have been named as finalists in this highly competitive category and whilst we would obviously like to go on to win the award, we already feel like winners just to have reached this far. My thanks goes out to the whole team at LendingMetrics for their considerable effort in delivering exceptional products and to the judges who have recognised the positive disruptive influence we are having in the marketplace.”