Euro Credit Risk (ECR), a provider of portfolio analysis and risk mitigation to the financial services industry, recently passed the half a billion pound mark in peer-to-peer loan file reviews on behalf of international investors.
It claims to now be the market leader in the provision of due diligence services within the rapidly growing peer-to-peer lending and investor market.
ECR carried out reviews on the new business acquisition, underwriting processes and cash management procedures for a number of UK based peer-to-peer lenders and funders.
The reviews covered a cross section of asset classes to ensure compliance with company and regulatory policies. In addition, ECR was asked to review core critical practices such as banking, cash handling, complaints handling, system, data and document security.
Rod Moulton, ECR’s CEO, said: “I am delighted to have won the confidence of major financial institutions in delivering complex and expert services and to be able to count them as clients.
“The ECR team is equally pleased to have been recognised as having such in-depth understanding of banking and the financial services industry generally, both in the home markets as well as in several EU jurisdictions.”