Credit, Collections & Insolvency News
Chorley Building Society has announced it has completed the phase-in of LendingMetrics’ Auto Decision Platform (ADP) and is now fully on stream.
The Society chose LendingMetrics’ ADP after considering a range of alternatives. Key factors determining the selection were ADP’s ability to deliver a sophisticated semi-automated customer assessment in milliseconds, reducing the level of manual intervention required by an Underwriter and its intuitive web-based editor allowing changes to lending criteria to be made in-house.
David Wylie, Commercial Director of LendingMetrics, said “Having sophisticated automated decisioning is becoming an essential ingredient for lenders wanting to maximise service levels with both customers and intermediaries. Chorley Building Society’s investment places it in a very strong position going forward because ADP not only allows it to execute sophisticated and individual decisions in real-time, but also modify policies, algorithms and risk appetite instantly too.”
The Financial Conduct Authority (FCA) has announced that it has appointed David Geale as permanent Executive Director for Payments and Digital Finance and Managing Director of the Payment Systems Regulator. In his role Geale will be responsible for helping to deliver the National Payments Vision and driving the FCA’s work on open banking and digital…
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The Finance & Leasing Association (FLA) has announced that it has appointed Paul Smee as Group Chair of the FLA Lending Code. Smee has extensive experience in financial services and was most recently Director General of the Council of Mortgage Lenders from 2011 until 2017, when it was absorbed into UK Finance. He previously ran…
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The Chancellor of the Exchequer Rachel Reeves has announced that Julia Black, Anita Kimber, John Ball and Stéphane Malrait have been appointed as Non–Executive Directors to the Board of the Financial Conduct Authority (FCA). The Chancellor has also confirmed a one-year extension of Richard Lloyd’s second term as a Non-Executive Director on the FCA Board.…
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Risk decisioning software specialist, Provenir has announced Atom Bank has selected the Provenir AI Decisioning Platform to streamline and modernise credit risk decisioning and data orchestration. Chris Storey, Atom Bank’s Chief Commercial Officer. said “Atom bank provides simple, well-designed mortgages and savings products that deliver ease, speed and value right to your device. As our…
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TransUnion announced the completion of the acquisition of Monevo from Quint Group. Monevo’s platform enables comparison websites and other online brands known as publishers to embed highly personalised credit offers. Steve Chaouki, President, U.S. Markets, TransUnion said “We are delighted to welcome Monevo into the TransUnion family.We anticipate that Monevo’s platform will enhance our portfolio…
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