Credit decisioning

Planky writes

What is a Decisioning Engine and how does it work?

The role of proper loan decisioning is now more crucial than ever. However, manual verification of a customer’s affordability and credibility is both expensive and time-consuming. Also, it’s prone to human error. In consequence, financial institutions and lending companies have been looking for quick, accurate, and high-quality services that are fully automated and manipulation-free.

How do lenders use open banking?

Over the last few years, Open Banking has been a buzzword in the financial industry, with many touting it as the future of banking. While the benefits to the customers are significant, Open Banking is also proving to be a game-changer for lenders. In this blog, we will take a look at how Open Banking is helping lenders.