San Diego Business Guides Customer Finance Business with Real-time Electronic Transactional Data That Renders the FICO Score Obsolete

SAN DIEGO–( COMPANY WIRE )–DecisionLogic, a FinTech frontrunner in bank verification, has established so it has surpassed the 10 million customer mark. DecisionLogic’s customers consist of vendor loan providers, home loans, real-estate agents, payday and money installment loan providers, merchants, customer finance businesses and banking institutions in Australia, Canada, uk, united states of america and brand brand brand New Zealand nearest avant loans.

DecisionLogic is definitely a bank that is advanced Software-as-a-Service (SaaS) platform allowing loan providers to immediately validate a possible borrower’s banking information online and in real-time. Past options for doing this method created many dilemmas for the loan provider and debtor, including inconvenience, wait, inaccuracy and fraudulence. DecisionLogic originated this technology with an objective to boost asset verification for both the customer and service that is financial, enhancing the monetary industry all together and producing possibilities for a big percentage of the populace to gain access to economic assets which is often so critically crucial that you their well-being.

“DecisionLogic’s fresh, realtime transactional information leads just how since the monetary industry learns to maneuver beyond the traditional ‘dinosaur’ FICO credit history,” said David Evans, president of DecisionLogic. “We give consumers an easier way to retake ownership of their‘report that is financial card’. Customers and loan providers appreciate that individuals provides insight into a borrower’s financial profile that reports current real-time banking history, work and investing. FinTech should democratize the consumer’s role when you look at the industry that is financial. In place of counting on a credit file that may penalize a debtor for a belated bank card re payment from 5 years ago, loan providers wish to look at the borrower’s up-to-the-minute financial situation – whether the debtor is a person or small company.”

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