Our personal loan software is very scalable, and is currently supporting the largest loan book in Europe through thousands of branches and other direct channels. We also have a number of mid-range clients, who between them use the personal loan software to administer loan books on behalf of over 100 affinity partners. As an alternative, Equiniti Credit Services can provide the personal loan software as a service over the Internet for smaller clients with simple requirements who do not wish to make a significant investment in infrastructure.
The use of automated links to national services, including payments registration, amendment and collection, credit reference and fraud, complements the application’s facilities for automated decision-making, risk management and up/down/cross sell activities.
Everyday Loans - Case Study
As a responsible lender Everyday Loans required a technology platform that would enable it to administer the entire customer lifecycle, including capturing and processing loan applications, calculating affordability, checking credit ratings and more.
This platform would need to be flexible and have the ability to be tailored to support the unique aspects of Everyday Loans’ customer service ethos, as well as scalable to accommodate future growth. After reviewing financial software products available on the market, Everyday Loans contacted Equiniti Credit Services for help.