Credit, collections & insolvency news
Aryza has announced a new partnership with EBP Money, Australia’s newest digital lender.
EBP Money is part of the FSA Group, the company offers tailored rates across all risk grades within their unsecured personal loan book.
Commenting on the partnership, Ariel Timothy, Aryza CSO said “We were excited to work with EBP Money to deliver a solution that is scalable, cost effective, and provides significant efficiencies in the origination process. Our highly experienced team delivered this solution in less than 4 months to ensure that EBP had the platform in place to enter the market in line with their board’s expectations.”
Commenting on the partnership, Terence Dean, EBP Money Executive Director said “With EBP Money we wanted to deliver a low-cost digital lending solution with an automated end-to-end process. To support this, we needed a cloud hosted solution that was secure, scalable, highly automated, and we found this solution with Aryza.
Having taken delivery of the platform we have all been very impressed with the agile approach of the Aryza team, the outstanding performance and capabilities of the platform, and the speed of delivery.”
Using the Aryza platform has enabled us to significantly reduce our average underwriting time from 40 minutes on every loan to under 5 minutes under a referral, significantly reducing the overall cost of acquisition. We look forward to continuing our partnership with Aryza as we expand on these solutions.”