We are delighted to announce that LendingMetrics has been shortlisted as a finalist within the 2018 Credit & Collections Technology Awards in the “Credit Risk Solution” and “Affordability Assessment Solution” categories for our Auto Decision Platform (ADP) and Open Banking solution (OBV). LendingMetrics were officially recognised last year at the Credit & Collections Technology Awards as the “Best Credit Risk Solution” for our ADP and Open Banking platforms and this year we have our fingers crossed for a similar result. LendingMetrics were also awarded the “Best Use of Technology Supplier Award” by the Credit Awards 2018 for ADP.

The Awards evening this year will take place on the 13th of September at the Crowne Plaza in Stratford-upon-Avon, while the winners will be announced via an online newsfeed on Friday the 14th of September.

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

This final shortlist once again recognises the ‘Multi Award Winning’ ADP and OpenBankVision platforms, which together set new standards in credit risk intelligence and functionality.

OpenBankVision will formally launch to the wider market later this year using the much anticipated Open Banking APIs supplied by the major UK banks. OBV has been developed using our extensive industry knowledge and over 6 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 and algorithms to ensure that users of the data have a head start over their competitors who elect to use alternative Open Banking providers. OBV will deliver true innovation to the marketplace by providing 90 days of categorised consumer bank statement data, completely free of charge without any setup or monthly commitment costs.  

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 OpenBankVison 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 once again as finalists in this highly competitive category and whilst we would obviously like to go on to win the award again, we are happy 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.”

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