6th Aug 2019
The Redline team were delighted to learn this week that the latest functionality enhancements introduced to its COGNITION lending platform have been recognised by the judging panel for the Credit & Collections Technology Awards 2019. Redline have been shortlisted in the Affordability Assessment Solution category at the awards, further emphasising what a triumphant 12 months it’s been for the business. Back in May 2019, Redline won the Motor Finance Europe Award for Digital Innovation in Munich, read more.
Inside COGNITION, the loan applicant’s income and total monthly commitments are summarised, the debt to income (DTI) ratio is calculated and other affordability indicators are drawn from credit reference bureaus in a single automated process. The result provides a reliable assessment that the applicant can or cannot afford the repayments without adversely impacting their financial situation in the future.
The Credit and Collections Technology Awards form part of the UK Credit & Collections Conference (UKCCC) organised by the Credit Services Association (CSA) and being held at the Crowne Plaza, Newcastle upon Tyne, on Thursday 12 September 2019.
10th Dec 2019
20th Nov 2019
