Fraud analytics and threat administration firm Lenvi has partnered with secured finance know-how supplier Lendscape.
The built-in platform will assist lenders establish fraud quicker, and supply higher, extra seamless experiences for purchasers.
Headquartered in Leeds, U.Okay., Lenvi made its Finovate debut earlier this 12 months at FinovateEurope.
Right here’s some information that slipped below the radar in latest days and weeks. Lenvi, a Leeds-based fintech that made its Finovate debut at FinovateEurope earlier this 12 months, has introduced a partnership with secured finance know-how supplier Lendscape. Collectively, the 2 firms are providing enhanced digital threat administration for lenders. The built-in platform will assist lenders establish fraud quicker, and supply higher, extra seamless experiences for purchasers.
“This collaboration, and the combination of our revolutionary mixture of workflow know-how and next-level credit score threat analytics with Lendscape’s highly effective lending know-how, represents a significant step ahead in advancing the industrial finance business’s capabilities,” Lenvi Chief Govt Officer Richard Carter stated.
Lenvi brings a sophisticated, real-time credit score threat analytics resolution to the partnership. Mixed with Lendscape’s lending know-how, the joint providing will assist lenders set up creditworthiness quicker and extra precisely. The collaboration will even assist smarter lending selections all through the whole mortgage lifecycle – from utility to servicing.
“This partnership permits us to offer suppliers a extra holistic view of creditworthiness, empowering them to work smarter, optimize their lending operations, or finally unlock extra working capital for his or her SME clients,” Lendscape CEO Kevin Day stated.
Lendscape supplies 120+ banks and lenders with an end-to-end platform that allows them to supply a variety of financing merchandise. Each institutional and SME lenders can profit from the power to construct and ship modern financing options through the use of Lendscape’s know-how. Lendscape was based as basic IT providers supplier Hill Worth Davison in 1972. The corporate modified its title to HPD Software program in 2000, and rebranded as Lendscape two years later. In July of this 12 months, Lendscape introduced that it had secured a “important funding” from non-public fairness agency Bowmark Capital.
In its Finovate debut in March, Lenvi demonstrated its new mortgage administration platform, PF1. The answer helps a variety of lending varieties – from mortgages to unsecured loans. PF1 combines a broad and extendable API-first occasion assist, together with complete lending performance. This enables for function toggling together with a completely automated on-line deployments. On the identical time, a React person interface and APIs give customers the power to reap the benefits of a extremely configurable workflow engine whereas remaining compliant and safe.
Based in 1988, Lenvi works with greater than 150+ lenders, offering lendtech options in mortgage software program and threat analytics. The corporate has managed greater than $122 billion (£100 billion) in credit score property on behalf of purchasers, and processes a brand new mortgage utility each 5 seconds on its platform.
Picture by John Escudero
