Company Research Report: LendingMetrics

Company Overview

• Name: LendingMetrics

• Mission: "To be a trusted partner that collaborates with our customers to bring innovative, secure, and disruptively priced technology to market."

• Founding Information: No information is available.

• Key People:

• Rodney Michail, Managing Director at Ausloans,

• Robert Lawlor, Head of Credit Risk at Foundation Home Loans,

• Martin Rix, Chief Commercial Officer at Loans 2 Go.

• Headquarters: 1650 Parkway, Whiteley, Fareham, Hampshire PO15 7AH, UK.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Notable For: Cutting-edge credit risk technology and innovative data solutions for the credit industry. Known for empowering clients to streamline their decision processes and improve credit risk assessment.

Products

Auto Decision Platform (ADP)

• Description: A multi-award-winning decision and collections technology platform that provides real-time control over decisioning logic.

• Key Features:

• Major CRA integration

• Bespoke scorecards

• Risk-based pricing

• Affordability checks

• Real-time retros

• AML & eKYC

• Python and R integration

The LendingMetrics Exchange (LMX)

• Description: A data service that integrates leading credit data sources like Equifax and Experian under a single contract.

• Key Features:

• Equifax & Experian credit data

• eKYC & AML

• Bank account and income verification

• Commercial credit data and HPI

DeeJoop

• Description: A high-velocity credit file standardization tool, designed to deduplicate and clarify credit risk data.

• Key Features:

• Multi-bureau power to remove duplication

• Stand-alone SaaS solution

• Future-proof integration

• Compliant and transparent reporting

OpenBankVision (OBV)

• Description: A real-time bank statement data categorization tool, leveraging Open Banking technology.

• Key Features:

• 90 days’ statement data

• Trusted gateway

• Real-time categorization and scoring

• In-depth affordability and fraud detection capabilities

Recent Developments

• New Product Launch: DeeJoop was launched as a new SaaS service on June 6, 2022.

• Recent Partnerships:

• Community-owned bank adopted LendingMetrics' platform (May 17, 2023)

• Tymit partnered with LendingMetrics for decisioning solutions (May 3, 2023)

• The Money Platform collaborated for LendingMetrics tools (March 30, 2023)

• Custom Credit chose LendingMetrics’ ADP (January 3, 2023)

• Customer Stories:

• Shire Leasing implemented 'no code' automated decisioning with ADP.

• Ethical lender Etika benefited from champ/challenger testing using ADP.

• Mortgage providers like United Trust Bank implemented ADP for decisioning processes.

• Evolution Money improved speed and flexibility using LendingMetrics services.

• Additional Features:

• Expanded partnerships and API integration capabilities

• Leveraging technology for real-time affordability assessments and fraud prevention through OBV

• Market Recognition:

• Multiple awards and recognition for innovation in the fintech sector.

Contact Information

• Address: 1650 Parkway, Whiteley, Fareham, Hampshire PO15 7AH, UK

• Phone: +44 (0) 2394 211010

• Email: info@lendingmetrics.com

Certification

• Authorised and regulated by the Financial Conduct Authority (No. 730062).

• ISO 9001 and ISO 27001 accredited by UKAS, National Accreditation Body for the United Kingdom.

This research outlines LendingMetrics' role as an innovator in credit technology, highlighting its various platforms for enhancing credit risk assessments and the array of data services offered.