Consumer credit firm Omni Capital Retail Finance has agreed a partnership to use an automated decisioning platform (ADP) from LendingMetrics.

The finance provider, which is owned by Castle Trust Capital, has chosen Lending Metrics’ ADP platform to support its OmniPort credit approval system, which allows customers to purchase immediately at point of sale using a paperless e-signature.

By using ADP, Omni will be able to make credit decisions within milliseconds and build rules, scorecards and matrices using a variety of data sources. Its operational/credit risk staff can also control changes in real time through a simple user interface.

Neil Williams, Managing Director of LendingMetrics, said “Following LendingMetrics training, Omni has successfully migrated to ADP with minimal business disruption. Real-time credit risk decisioning is now in place, including an interface to update rules and scorecards in real time.”

“Our partnering with Omni takes LendingMetrics into yet another sphere of lending within the retail and banking sector. We are looking forward to working with the lender so that it can continue to leverage advantage from the ADP technology.”