LendingMetrics are proud to be one of ten of the UK's leading FinTechs involved in the innovative Tysl banking ecosystem, a collaboration of solutions including software, automation, AI, data management and more.
In an impressive demonstration of the utilisation of technology, PwC brought together the group of industry leading FinTechs to showcase the future of next generation banking. The API-enabled approach means different software applications are able to easily communicate with each other, allowing businesses to collaborate effectively and improve performance across a range of key measures.
The Tysl ecosystem took three years to build, and allows customers to open bank accounts, obtain specialised finance, move house and digitally sign documents. Users can use it with complex customer journeys such as KYC (Know Your Customer) and credit decisioning, across a number of sectors including mortgages, savings and corporate lending. These digital solutions are available via a modern, low cost and customer-focussed digital lending platform, which allows firms to transform their customer facing operations, enhancing products and services to meet the expectations of a modern world. 'Banking is changing, people expect more and require personalised digital interactions. Based on the needs and expectations of tomorrow’s customers, we have developed our Tysl platform', said James Morgan, Lead Partner on Tysl.
PwC strived to find the best in class companies to work with for each element of the journey, and the Tysl platform can be integrated via any of the collaborators. 'This is helping our clients reach new customers, upsell and grow topline revenue by delivering enhanced capabilities whilst significantly reducing the costs of servicing the client from onboarding to in life servicing', said James Morgan. Alongside LendingMetrics, these collaborators include Credit Kudos, a challenger reference agency that can provide a comprehensive view of a borrower's affordability and creditworthiness, and Codat, a financial integrations business that connects the tools and services of operations and finance service providers of SMEs.
LendingMetrics' multi-award-winning Auto Decision Platform (ADP) forms an integral part of the Tysl ecosystem by providing a unique decision engine environment. ADP can be applied across unlimited brands, products or lending journeys under one licence and provides a comprehensive (no-code) editor, allowing non-technical staff to make real time changes to credit risk logic.
To find out more about utilising the Tysl ecosystem, contact us today!