Peer-to-peer lender The Money Platform is partnering with LendingMetrics to use its Auto Decision Platform.
ADP is designed to help firms improve their decisioning speed and flexibility, while empowering their customers with greater transparency and choice.
The Money Platform enables an alternative line of credit for ’thin-file’ customers, by “connecting borrowers and lenders” without financial institutions acting as middlemen.
Building on The Money Platform’s existing capabilities and data models, ADP will further power the platform with high-speed and high-volume credit decisioning tools. Its provides the ability to perform affordability checks across an array of integrated data source.
David Wylie, commercial director of LendingMetrics, said: “We’re pleased that The Money Platform has decided that ADP offers the best, future proofed solution to their challenges, and those of their customers.
“Fast and reliable automated decisioning is key to their ongoing vision, and LendingMetrics are delighted to be delivering our award-winning solution to help achieve their goals. Our team is looking forward to helping them attain complete autonomy over their decisioning logic, as well as supporting them in their future endeavours.”