lendingmetrics l i v e l e n d i n g i n t e l l i g e n c e TM ® 100% Real-Time lending based on Real-Time Intelligence Working in partnership with Equifax Credit Referencing for a New Era Real-Time “Processed within milliseconds... available virtually immediately...” www.lendingmetrics.com lendingmetrics l i v e l e n d i n g i n t e l l i g e n c e TM LendingMetrics is one of the leading and fastest growing providers of real-time loan performance and anti-fraud data to the high velocity lending sector. It has been recognised by regulators and providers alike that fraud and over indebtedness must be tackled, addressing this is at the core of LendingMetrics solutions. DAS >> Real-Time and Unique Data BCA >> Bank Check Advanced AML >> Anti Money Laundering Insight >> Full Consumer File Financial Stability >> Income Verification Bank Vision >> 90 Day Bank Statement Information Licensed by the FCA Trusted partner In partnership with Equifax LendingMetrics is a registered UK credit referencing agency with strong core values, committed to robust protection of data. We are also dedicated to help the market continue to grow stronger and gain more trust with UK consumers, whilst at the same time working closely with the FCA in understanding their requirements to evolve the market responsibly. As a trusted partner providing a confidential analytics and credit risk consulting service we aim to add value to your consumer finance business, utilising our unique position and knowledge base within the real-time credit sector. Equifax has partnered with LendingMetrics to deliver the very best real-time solution for the high cost short term credit sector. This will increase protection for consumers by providing greater lender visibility of consumer borrowing commitments. Real-Time “Processed within milliseconds... available virtually immediately...” ® DAS TrueTime ® What is DAS TrueTime®? A true real-time (within seconds) data sharing platform for credit providers to report lead, application and loan information; a comprehensive solution for the on-line world. DAS TrueTime® is the only CRA to report all 4 key stages addressing FCA requirements to treat the customer fairly, promote responsible lending and prevent over indebtedness: Leads >> Control lead costs & hold providers accountable Applications >> Identify real-time fraud Decisions in principle >> Assess if other approved loans are awaiting funding Closed & open loans >> Assess affordability & past loan performance Easy free data share integration The key to the power of the TrueTime® database is its live and comprehensive reporting methods which are maintained to the highest levels of integrity, security and accuracy. Searching Free retros & data-tests available The lending industry has entered a significant phase in its evolution now that it is under the control of the FCA. 100% LIVE LENDING DATA KNOWLEDGE AND GUIDANCE DAS CLEAR AND STRUCTURED REPORTS LENDING DECISIONS MADE EASY TRANSPARENT RESULTS UNRIVALLED INTELLIGENCE AND VELOCITY DAS directly addresses the FCA’s position on real-time data sharing, responsible lending and affordability checks, by highlighting when multiple loans are being taken. This identifies high velocity fraud, helps to maximise conversion rates and reduces default rates. DAS enables the lender to have a real-time view of the consumer’s current and potential indebtedness by presenting an accurate and granular picture of their loan performance, application and underwriting data, helping to minimise credit risk to the lender. DAS the future of lending decisions lendingmetrics l i v e l e n d i n g i n t e l l i g e n c e TM LMX - Direct Reseller of Equifax Products The Equifax data services compliment DAS by providing lenders with a complete solution for assessing the risk of a loan applicant, helping them to meet the latest FCA regulatory obligations on affordability checks, fraud and data sharing. Equifax Payday Score AML - Anti Money Laundering Higher GINI than comparable CRA scores AML helps protect lenders from fraud by addressing the latest anti-money laundering regulations and operational challenges There are key characteristics on the lending habits of a new to market consumer that have been measured to see their likelihood to default. Other scores are mainly built on payday data alone so are not as predictive at assessing new to market consumers An extensive selection of checks on each application is conveniently available through a single search Defaulters have a significantly different “characteristics” profile than to those that repay loans Reports provide a pass or fail outcome against your predetermined standards to give an instant safe decision Developed on a sample of known “defaults” using two different scores that specifically predict those consumers with a willingness to repay against those that do not Obtains proof of residency Authenticates the individual The score can be overlaid on any bespoke score to add additional predictiveness Insight - Credit Bureau Data Financial Stability Suite - Income Verification Insight holds information provided by credit providers and other lenders, including details of existing and previous credit agreements and historical information about the repayments of these agreements. LendingMetrics have a QCB (data block) of over 1000 characteristics, covering: Payment history Debt levels Defaults Residency Financial Background Uses (CATO) Current Account Turn Over data Identifies the consumer’s salaried bank account Removes anomalies from the salary Verifies the consumer’s income so that an accurate assessment of their true disposable income can be obtained BCA - Bank Check Advanced Quickly verifies a consumer’s details so that you can be confident that their bank account numbers and sort codes are correct and that the applicant is who they say they are The matching of bank account details to the reported data is transparent and flexible allowing the lender to know if there is an exact match, a partial match or no match Combats bank account fraud and meets the new regulatory requirements Reduces costs by minimising errors and false declines 1) Verifies the borrower, checking the name, address & DOB 4) Providing clients with a flexible approach ACTIVE DATA 2) Matches the bank details to the borrower 3) Returns exact & partial matches on sort code & account numbers Checks against trusted data LendingMetrics. Lancaster Court, 8 Barnes Wallis Road, Fareham, Hampshire, PO15 5TU, United Kingdom www.lendingmetrics.com | Tel: 00 44 (0) 845 544 2823