Credit, Collections & Insolvency News
OpenBanking and auto-decisioning technology provider LendingMetrics has unveiled a new-look website to fill what it says are giant OpenBanking knowledge gaps.
The site – www.lendingmetrics.com – has been re-designed to spell out how OpenBanking can dramatically improve the quality of underwriting and boost standards of compliance.
A series of questions determines the type of business and industry the website’s visitor works for, which leads to the production of a bespoke report in pdf form that flags specific OpenBank benefits that could be tapped.
David Wylie, Director of LendingMetrics, said “We speak to a lot of finance providers and are aware that for many of them OpenBanking is still, remarkably, relatively unknown. They’ve obviously heard about it, but aren’t clear how it can benefit them. They are stuck with antiquated underwriting well past its sell-by date that comes with possible non-compliance issues, but lack of knowledge holds them back from making any change.”
“Our website, which has been six months in the making, tries to bring the umbrella term ‘OpenBanking’ down to the level of their everyday business. It shows them really that they cannot afford for much longer to avoid using it.”
Lending Metrics has authorisation from the Financial Conduct Authority as a Registered Account Information Service Provider (AISP).