This partnership demonstrates Omnio’s openness to the Credit score Union sector within the UK and the Republic of Eire. It gives an improve to the analytical instruments out there to the Credit score Union sector by means of its Curtains platform. CUFA Lending Analytics (CLA) specialises in offering software program options that apply statistical strategies to quantify the dangers and mathematically decide the potential dangers and advantages in a client loan portfolio, in keeping with the official press launch.
The partnership will enable the CUFA lending analytics engine to work along with the ‘Curtains’ monetary administration platform. Credit score Unions who entry the service will achieve information of their enterprise lending throughout its member base. Credit score Unions can then deploy their instruments to allow risk-based lending towards historic knowledge and member behaviour, enabling development of the Credit score Union while assessing its threat portfolio and bettering lending availability to new and present members.