Leeds Credit Union (LCU), in a groundbreaking partnership with software companies LendingMetrics and Singlify, is set to transform the credit union sector with the introduction of a new loan decisioning platform.
The integration of cutting-edge technology from Lending Metrics’ Auto Decision Platform and the comprehensive features of the Singlify Loan Origination Module, including Yoti’s digital identity verification and Equifax Open Banking for robust financial insights, establishes a solid foundation for Leeds Credit Union to provide an exceptional service experience to its borrowers, notably improving decision speed and accuracy.
Neil Williams, Chief Technology Officer and Managing Director of LendingMetrics, expressed his enthusiasm about the partnership, stating:
“Our collaboration with Leeds Credit Union has been a pleasure. By integrating with LendingMetrics’ Auto Decision Platform, LCU will be able to take advantage of efficient decision-making within milliseconds. We look forward to strengthening our relationship and achieving further success together in the future.”
This sentiment was echoed by Maarten Rooney, Co-founder and CEO of Singlify, who highlighted the transformative potential of the launched Singlify Loan Origination Module for Leeds Credit Union. Rooney said:
“We are thrilled to announce our launch of the Singlify Loan Origination Module for Leeds Credit Union. This represents a significant milestone in our collaboration, introducing a highly automated system that elevates the efficiency and effectiveness of new loan and member decisioning.
“The module’s incorporation of advanced decision analytics, digital identity verification, an improved user experience and enhanced financial data insights redefines the standards for the credit union sector.”
Mark Fleet, CEO of Leeds Credit Union, shared his perspective on this pivotal development, saying:
“The partnerships with LendingMetrics and Singlify underscore our unwavering commitment to innovation and customer service excellence. This advanced loan decisioning platform not only revolutionises how we assess and issue loans but also ensures that our members receive the unparalleled support and efficiency they deserve. Through these strategic collaborations, we’re setting new industry benchmarks for speed, reliability, and accessibility in financial services.”
Leeds Credit Union’s initiative to modernise and streamline loan decisioning processes symbolises a significant leap forward in the sector, promising enhanced operational efficiency and a superior borrower experience. This endeavour is not just about technological advancement but about reshaping the future of credit unions in service of their communities.
For further information, please visit: www.leedscreditunion.co.uk
This post is based on a press release issued on behalf of Leeds Credit Union
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