San Diego Business Leads Customer Finance Business with Realtime Electronic Transactional Data That Renders the FICO Score Obsolete
SAN DIEGO–( COMPANY WIRE )–DecisionLogic, a FinTech frontrunner in bank verification, has announced so it has surpassed the 10 million customer mark. DecisionLogicвЂ™s clients consist of merchant loan providers, home loans, property agents, payday and money installment loan providers, merchants, customer finance businesses and banking institutions in Australia, Canada, uk, united states of america and brand New Zealand.
DecisionLogic is definitely a bank that is advanced Software-as-a-Service (SaaS) platform allowing loan providers to immediately validate a possible borrowerвЂ™s banking information online and in real-time. Past options for doing this technique created many issues for the loan provider and debtor, including inconvenience, delay, inaccuracy and fraudulence. DecisionLogic originated this technology with an objective to boost asset verification for the customer and financial company, enhancing the monetary industry in general and producing possibilities for a big percentage of the people to get into financial assets that could be therefore critically crucial that you their wellbeing.
вЂњDecisionLogicвЂ™s fresh, realtime transactional information leads the way in which since the economic industry learns to go beyond the original вЂdinosaurвЂ™ FICO credit history,вЂќ said David Evans, president of DecisionLogic. вЂњWe give consumers an easier way to retake ownership of theirвЂreport that is financial cardвЂ™. Consumers and loan providers appreciate that individuals can offer understanding of a borrowerвЂ™s financial profile that reports current real-time banking history, work and investing. FinTech should democratize the consumerвЂ™s role when you look at the monetary industry. Instead of counting on a credit file which may penalize a debtor for a belated charge card re payment from five years back, lenders would you like to look at the borrowerвЂ™s up-to-the-minute financial situation вЂ“ whether the borrower is a person or small company.вЂќ