Credit, Collections & Insolvency News
LendingMetrics has announced a partnership with commercial lender Shire Leasing to implement their Auto Decision Platform (ADP).
Shire Leasing had already been utilising automated underwriting since 2001 but found that moving from single track sales channels to multi-sales channels resulted in much more complexity in their decisioning. They needed constant IT involvement to achieve their objectives, so were looking for a solution that gave more
control, allowed flexibility and did not require IT resource in order to make changes to their decisioning strategy.
The SME lender chose LendingMetrics’ ADP due to it being universally connected to any data sources, both internally and externally to Credit Reference Agency (CRA) sources, and there being no reliance on an IT team once the intuitive platform was implemented.
Malcolm Workman, Chief Operating Officer at Shire Leasing, said: “We see this as a long-term relationship, and we’re delighted that we picked LendingMetrics as a partner.”