Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

LENDPROTECT PARTNERS WITH CALLCREDIT INFORMATION GROUP TO STREAMLINE REAL-TIME REPORTING IN RESPONSE TO EXPECTATIONS SET BY THE FCA

Report

Wider Access for High-Cost Short-Term Market to Real-Time Reporting Capability via One Platform

LendProtect is delighted to announce that it is entering into a relationship with Callcredit Information Group to enable lenders to access Callcredit data, including the ground-breaking new MODA database, via the LendProtect platform.

This initiative will help to allow more High Cost Short-Term Credit (HCSTC) lenders access to MODA and the benefits it is already bringing to a significant number of lenders in this market. This will also enable lenders to report to both a mainstream Credit Reference Agency and a specialist bureau via a single process and provide a wider range of real-time reporting options.

“HCSTC lenders need a solution that makes real-time reporting efficient and easily accessible,” explains Greg Rable, CEO of LendProtect’s parent company FactorTrust. “Partnering our LendProtect real-time reporting process with Callcredit’s market leading MODA database not only provides wider access, it also streamlines real-time reporting, enabling lenders to focus on their most important task, providing customers with affordable loan options.”

“The more frequent reporting of data supports responsible lending and the requirements of the FCA by providing lenders with an up to date view of significant events on a consumers’ credit file on which to base more accurate and responsible lending decisions,” says Peter Mansfield, Managing Director, Callcredit. “MODA has already been adopted by the larger HCSTC providers and we hope that allowing lenders to contribute to and access MODA via LendProtect will provide even more lenders with an easy route to joining the initiative.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post