- New Platform Introduction: Leeds Credit Union is launching a new loan decisioning platform in collaboration with LendingMetrics and Singlify.
- Technology Partners:
- LendingMetrics: Will provide its private cloud-based Auto Decision Platform, enabling quick and efficient loan decisions within milliseconds.
- Singlify: Will offer its loan origination module for comprehensive loan management.
- Yoti: Will handle digital identity verification for the platform.
- Equifax: Will provide open banking services for in-depth financial insights.
- Objectives: The partnership aims to improve the loan service experience for borrowers by enhancing decision speed and accuracy while establishing a robust foundation for the credit union’s operations.
- Background: Leeds Credit Union, founded in 1987, manages £27 million in assets and serves approximately 37,000 members across Leeds, Wakefield, Harrogate, and Craven in the UK. It offers a variety of loans, including personal, debt consolidation, family, car, and funeral loans.
