- Fraud analytics and risk management company Lenvi has partnered with secured finance technology provider Lendscape.
- The integrated platform will help lenders identify fraud faster, and provide better, more seamless experiences for customers.
- Headquartered in Leeds, U.K., Lenvi made its Finovate debut earlier this year at FinovateEurope.
Here’s some news that slipped under the radar in recent days and weeks. Lenvi, a Leeds-based fintech that made its Finovate debut at FinovateEurope earlier this year, has announced a partnership with secured finance technology provider Lendscape. Together, the two companies are offering enhanced digital risk management for lenders. The integrated platform will help lenders identify fraud faster, and provide better, more seamless experiences for customers.
“This collaboration, and the integration of our revolutionary mix of workflow technology and next-level credit risk analytics with Lendscape’s powerful lending technology, represents a major step forward in advancing the commercial finance industry’s capabilities,” Lenvi Chief Executive Officer Richard Carter said.
Lenvi brings an advanced, real-time credit risk analytics solution to the partnership. Combined with Lendscape’s lending technology, the joint offering will help lenders establish creditworthiness faster and more accurately. The collaboration will also support smarter lending decisions throughout the entire loan lifecycle – from application to servicing.
“This partnership allows us to give providers a more holistic view of creditworthiness, empowering them to work smarter, optimize their lending operations, or ultimately unlock more working capital for their SME customers,” Lendscape CEO Kevin Day said.
Lendscape provides 120+ banks and lenders with an end-to-end platform that enables them to offer a wide range of financing products. Both institutional and SME lenders can benefit from the ability to build and deliver innovative financing solutions by using Lendscape’s technology. Lendscape was founded as general IT services provider Hill Price Davison in 1972. The company changed its name to HPD Software in 2000, and rebranded as Lendscape two years later. In July of this year, Lendscape announced that it had secured a “significant investment” from private equity firm Bowmark Capital.
In its Finovate debut in March, Lenvi demonstrated its new loan management platform, PF1. The solution supports a wide range of lending types – from mortgages to unsecured loans. PF1 combines a broad and extendable API-first party support, along with comprehensive lending functionality. This allows for feature toggling along with a fully automated online deployments. At the same time, a React user interface and APIs give users the ability to take advantage of a highly configurable workflow engine while remaining compliant and secure.
Founded in 1988, Lenvi works with more than 150+ lenders, providing lendtech solutions in loan software and risk analytics. The company has managed more than $122 billion (£100 billion) in credit assets on behalf of clients, and processes a new loan application every five seconds on its platform.