Camco Finance has announced it will implement automated decisioning technology from LendingMetrics in a move designed to speed up customer onboarding and support its expansion plans.
The specialist finance provider has chosen LendingMetrics’ ADP platform after reviewing a number of alternatives. The firm cited the system’s user-friendly interface, customisable decision engines and integrations with major credit reference agencies and Open Banking providers as key factors in its decision.
The ADP platform enables lenders to deliver credit decisions in milliseconds. Applications are assessed through configurable decisioning logic, which can be tailored to applicants’ financial circumstances and the type of product being applied for.
The system allows rule-building and adjustments without coding expertise, giving lenders greater flexibility in adapting to market conditions.
David Wylie (pictured), commercial director of LendingMetrics, said: “We’re really pleased Camco has adopted ADP, which provides it with the best solution for back-office optimisation and scaling-up as business expands.
“Going forward, the company will be using our award-winning platform to leverage the many benefits that come from assisted decisioning and the digital world.”
Ken Doyle, chief credit officer of Camco, said: “Partnering with LendingMetrics is a significant step in our transformation journey. ADP’s speed, flexibility and automation capabilities will allow Camco to better serve our customers and broker partners, while allowing the business to scale efficiently.”
