LHV Bank is set to adopt ADP from LendingMetrics in the coming weeks at offices in London, Leeds and Manchester.
The platform will enable LHV bank to make credit decisions within milliseconds and build rules, scorecards and matrices using a variety of data sources.
LHV’s operational and credit risk team will be able control changes in real time through its user interface.
David Wylie, commercial director of LendingMetrics, said: “LendingMetrics is firmly established as the go-to provider for rapid onboarding of automated decisioning, which is key for lenders wishing to grow business profitably.
“The new platform not only allows LHV to execute sophisticated and individual decisions in real-time, but also modify policies, algorithms and risk appetite instantly.”
Kris Brewster, director of retail banking at LHV Bank, said: “We are excited to be working with LendingMetrics and integrating their systems into our cutting-edge banking technology and app.
“This partnership supports our ambition to deliver a seamless and intelligent credit experience for our customers, starting with our regulatory application to offer overdrafts as part of our innovative new current account offering currently in development.”
