What is it?
The lending sector supplies money to enterprises and individuals who need it. A vibrant, fair lending sector is the hallmark of a sound economy. The lending sector is finding new, innovative ways to lend money whilst ensuring it tows the line with regulators. As it embraces the digital world, lending practices face new demands for innovation, collaboration and speed of distribution to consumers.
How it works
The lending sector varies, serving customers across many channels and offering a variety of products. Standard products include mortgages, home loans, personal credit cards and financed large purchases.
Why simplifying safe commerce matters
Wisely choosing an Identity, Fraud and Compliance platform to enable quick decisions to be made on new applications is important. Lenders have a real obligation to keep the global economy moving but whilst making sound decisions that ‘treat the customer fairly’ whilst safeguarding the organisation. Consumers demand instant gratification and an organisations ability to serve this demand can expose the business to risk of criminal activity.
Meeting the needs of Lenders
Complete the risk decision
TruNarrative delivers the capability to complete the risk decision for Identity, Fraud and Compliance, across any channel and for any product, in under a second. On-boarding at the speed of light.
A single unified platform
Once you integrate the platform, simply select which Journeys and Apps suit your needs. Retain all the flexibility, both technically and commercially to keep pace with changes and your own company’s growth.
TruNarrative works with services you purchase from a trusted, existing provider. Equally, you can ‘bring your own’, which takes minutes to integrate or pull data and insight from any of the endless our Apps we have in store.
Perfect balance of human and machine
Let our machine learning module do the heavy lifting on your analytics.The recommendations you’ll receive mean you ensure your configuration is always the best it can be to balance customer acquisition and risk.
Benefit from TruNarrative’s application of Machine Learning and extensive API Integration. Or design your own innovative processes into simple to configure journey for scoring risk and taking decisions.
Collaborate with ease
The TruNarrative consortium, rule optimisation and community boards help you share. Benchmark yourself against your peers in real time.