Lenvi has partnered with Credit Canary, a specialist in consumer credit assessment, to proactively enhance the capabilities of consumer credit lenders. This partnership leverages Lenvi's expertise in loan management and risk mitigation with Credit Canary's advanced assessment engine, which provides real-time data on affordability and default risk. By integrating these strengths, the collaboration aims to help lenders foresee repayment risks, engage borrowers proactively, and improve overall lending performance.
This partnership remains particularly timely as lenders face increasing pressures to comply with evolving regulations and protect vulnerable customers. Credit Canary's predictive models and proactive engagement strategies have significantly improved loan performance, such as reducing missed payments by 75%. By combining these capabilities with Lenvi's PF1 platform, lenders can make better-informed decisions, streamline credit assessment processes, and significantly reduce operational costs. This collaboration ultimately aims to enhance loan performance, build consumer trust, and provide a competitive edge in the market.
Partnering with Lenvi and integrating with their loan management platform marks a fantastic strategic move in our development. This collaboration addresses the growing pressures of Consumer Duty regulations, affordability issues, and rising servicing costs. By merging Credit Canary's scalable solutions with Lenvi's market-leading capabilities, we can help lenders streamline credit assessments, reduce operational costs, and gain a competitive edge. Together, we will empower lenders to engage the right customers at the right time with the right message, enhancing loan performance and building consumer trust.
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