Credit, Collections & Insolvency News
Ppoint-of-sale payment solutions specialist Duoloi has announced a partnership with LendingMetrics’ to use its ADP platform.
Duologi says it had previously outsourced the build of an engine to an external IT company, which meant it was hard-coded and the company had limited control over changes and wanted to bring decisioning in-house and were looking to streamline the process.
With the support of LendingMetrics’ team of analysts, Duologi have built two engines: one to process consumer loan applicants by running affordability checks and the other to onboard merchants who require Duologi to act as underwriters for their finance applications. The latter of these is a unique decision engine, which runs company checks on merchants, and is integrated directly with the FCA to make sure the company is able to broker the decisions on behalf of the consumer.