Creditinfo and TaranDM join forces to expand credit decisioning capabilities for banks and telcos

This partnership between Creditinfo and TaranDM is designed to help lenders approve more customers faster by automating the decision-making process. For retailers and service providers, this signals a shift toward more sophisticated 'behind-the-scenes' technology that powers the financing offers you give your customers at the point of sale. The new system combines global credit data with an advanced decision engine. This allows lenders to move away from slow, manual reviews and toward instant approvals. For your business, better decisioning technology usually leads to two outcomes: higher approval rates and lower fraud. TaranDM’s engine allows lenders to create highly specific rules. This means a lender could potentially offer better terms to your specific customer base because they can analyze risk more accurately than a generic credit score allows. The technology is specifically aimed at banks and fintechs, which are the primary engines behind most consumer financing and Buy Now, Pay Later (BNPL) programs. As these lenders adopt more flexible tools, merchants can expect more tailored financing products that fit their specific industry needs.

Source: Finextra — Lending

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