Omni Capital to use ADP platform
Omni Capital Retail Finance, owned by Castle Trust Capital, is set to use an automated decisioning platform from LendingMetrics.
The finance provider has chosen Lending Metrics’ ADP platform to support its OmniPort credit approval system, which allows customers to purchase immediately at point of sale using a paperless e-signature.
Neil Williams, managing director of LendingMetrics, said: “Following LendingMetrics training, Omni has successfully migrated to ADP with minimal business disruption.
“Real-time credit risk decisioning is now in place, including an interface to update rules and scorecards in real time.”
By using ADP, Omni will be able to make credit decisions within milliseconds and build rules, scorecards and matrices using a variety of data sources. Its operational/credit risk staff can also control changes in real time through a simple user interface.