LendingMetrics has claimed that lenders can quickly integrate third-party data following the latest update to its decisioning platform ADP.

The ADP Integration Manager – set to be rolled out by LendingMetrics to users in the coming weeks – allows finance providers to integrate new data sources from within 90 minutes without external support.

The firm argues that its ‘self-service innovation’ will mitigate the problem of costly time-consuming data integrations that can compromise lending ‘agility’.

The upgrade, which has undergone beta testing over the past 12 months, will be used in conjunction with LendingMetrics’ ADP Data Orchestrator and can accommodate multiple third-party sources.

David Wylie (pictured), commercial director of LendingMetrics, said: “For those lenders who want us to continue to perform this data integration function for them we will, but for others, who want in-house ‘self-service’ control, Integration Manager is going to be optimal.

“They can add new data sources at will, leading to major gains in decisioning capability and the leveraging of competitive advantage. Once again LendingMetrics is leading the decisioning space with technological innovation.”