Credit risk and collections platform provider LendingMetrics has announced the appointments of Hamish MacCormick as business development manager and Georgia Pullen as graphic designer.
MacCormick joins LendingMetrics from Lead Forensics and boasts expertise in IT sales and software-as-a-service (SaaS) platforms. He also has advised in the financial services sector.
Pullen joins from an architectural business and will use her design skills to support LendingMetrics’ marketing initiatives.
“Demand for our award-winning Auto Decisioning products has risen significantly since the beginning of the year,” said David Wylie, director of LendingMetrics. “We are constantly looking to grow the talented team here at LendingMetrics. Hamish and Georgia will both play their part in our continued expansion.”
In December last year, LendingMetrics launched an open banking platform to provide consumer bank account data free-of-charge to motor finance lenders and other credit providers.
Finance companies using the software, named OpenBankVision, will be able to conduct searches without paying a license fee or making any other financial commitment. Consumers confirm consent for read-only access to their bank accounts via the app oohMoolah, which then gives OpenBankVision a token to assess accounts in real time.
The programme filters data with categorisation tools before it is passed to users, automatically identifying salary payments, ongoing commitments and unusual activity, with the intention that rapid affordability and creditworthiness assessments can be made.
David Wylie said: “We plan to grow our coverage dramatically as a result of this ‘free forever’ approach. The more consumer bank accounts we have a token for, the more useful OpenBankVision will be to credit providers.”
OpenBankVision is targeted at a wide range of credit providers, including mortgage lenders, gambling organisations, automotive financiers and UK credit card providers. It is also intended to allow users to consider applicants with thin credit files and to confirm salary without the need to request income references or paper proof of income.