- Fraud analytics and threat administration firm Lenvi has partnered with secured finance know-how supplier Lendscape.
- The built-in platform will assist lenders establish fraud sooner, and supply higher, extra seamless experiences for patrons.
- Headquartered in Leeds, U.Okay., Lenvi made its Finovate debut earlier this yr at FinovateEurope.
Right here’s some information that slipped below the radar in latest days and weeks. Lenvi, a Leeds-based fintech that made its Finovate debut at FinovateEurope earlier this yr, has introduced a partnership with secured finance know-how supplier Lendscape. Collectively, the 2 firms are providing enhanced digital threat administration for lenders. The built-in platform will assist lenders establish fraud sooner, and supply higher, extra seamless experiences for patrons.
“This collaboration, and the combination of our revolutionary mixture of workflow know-how and next-level credit score threat analytics with Lendscape’s highly effective lending know-how, represents a serious step ahead in advancing the business finance trade’s capabilities,” Lenvi Chief Govt Officer Richard Carter stated.
Lenvi brings a complicated, real-time credit score threat analytics answer to the partnership. Mixed with Lendscape’s lending know-how, the joint providing will assist lenders set up creditworthiness sooner and extra precisely. The collaboration may even help smarter lending selections all through the whole mortgage lifecycle – from utility to servicing.
“This partnership permits us to present suppliers a extra holistic view of creditworthiness, empowering them to work smarter, optimize their lending operations, or finally unlock extra working capital for his or her SME clients,” Lendscape CEO Kevin Day stated.
Lendscape supplies 120+ banks and lenders with an end-to-end platform that permits them to supply a variety of financing merchandise. Each institutional and SME lenders can profit from the flexibility to construct and ship revolutionary financing options through the use of Lendscape’s know-how. Lendscape was based as basic IT companies supplier Hill Worth Davison in 1972. The corporate modified its title to HPD Software program in 2000, and rebranded as Lendscape two years later. In July of this yr, Lendscape introduced that it had secured a “important funding” from personal fairness agency Bowmark Capital.
In its Finovate debut in March, Lenvi demonstrated its new mortgage administration platform, PF1. The answer helps a variety of lending sorts – from mortgages to unsecured loans. PF1 combines a broad and extendable API-first celebration help, together with complete lending performance. This permits for function toggling together with a totally automated on-line deployments. On the similar time, a React consumer interface and APIs give customers the flexibility to benefit from a extremely configurable workflow engine whereas remaining compliant and safe.
Based in 1988, Lenvi works with greater than 150+ lenders, offering lendtech options in mortgage software program and threat analytics. The corporate has managed greater than $122 billion (£100 billion) in credit score property on behalf of purchasers, and processes a brand new mortgage utility each 5 seconds on its platform.
Photograph by John Escudero
