DecisionLogic, a trailblazing FinTech company specializing in advanced bank account and identify verification solutions, announced it has surpassed the 100 million consumers serviced mark. This achievement spotlights San Diego-based DecisionLogic’s success at revolutionizing the financial services industry with its state-of-the-art Software-as-a-Service platform, which enables lenders to instantly qualify borrowers using their real-time banking histories rather than relying on the traditional credit score.
Since its inception in 2011, DecisionLogic has been at the forefront of FinTech, revolutionizing the landscape of alternative financial data with its disruptive instant account verification. By providing real-time access to comprehensive financial transaction data and analytics, DecisionLogic empowers lenders to make informed decisions, reduce risk, and enhance the overall customer experience. DecisionLogic’s 100 million customers include consumers of merchant lenders, consumer finance companies, tenant verification servicers, auto lenders, mortgage brokers, payday and cash installment lenders, retailers, and financial institutions in Australia, Canada, United Kingdom, United States and New Zealand.
“We are so proud to have reached 100 million consumers. It’s personal — we set out to help lenders bring access to capital to consumers across the financial landscape because we’ve all been in that awkward position where credit scores don’t sufficiently represent income. That has now changed forever,” said David Evans, CEO of DecisionLogic. “When we started DL, clients first questioned if what we said we could do was even possible. Now, no one disputes that real-time banking data is hugely powerful for modeling and underwriting. As the only company that stands behind every bank statement it processes, we have also enjoyed helping grow small businesses that borrow as well as all our clients who depend on us every day to optimize their portfolios. We all navigate the complex regulatory landscape and Open Banking has been huge, and our DL user experience has made that smooth and easy for everyone to participate.”
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