Financier

Financier is a web-based digital lending platform offered by Welcom Digital Ltd. According to the vendor, it is designed to cater to the needs of digital lenders, providing them with a flexible and scalable solution for offering personalized credit products. The platform is said to be suitable for businesses of various sizes, ranging from high street names in retail finance to providers of fixed-term and marketplace loans. Professionals and industries such as financial institutions, retail finance companies, consumer finance companies, commercial lenders, and digital lenders can potentially benefit from the features and functionalities of Financier.

Key Features

Commercial Lending: According to the vendor, Financier offers a full loan servicing platform for commercial lenders, providing a flexible and scalable solution. It includes features such as loan servicing, loan accounting, investor tracking, security monitoring, debt recovery, and audit trails.

Consumer Lending: Financier is said to provide an efficient and fully supported software solution for consumer finance. It is claimed to support various loan types, including consumer loans, guarantor loans, secured loans, alternative finance, digital lending, marketplace loans, and short-term loans.

Line of Credit: According to the vendor, Financier enables lenders to provide affordable and personalized offers to customers through a line of credit. It is claimed to offer flexibility to customers by allowing them to drawdown funds up to the agreed limit and only repay the amount used.

Key Benefits: According to the vendor, Financier's robust and scalable digital lending platform helps customers improve their efficiencies and focus on improving customer service. It is claimed to allow lenders to potentially drive down the cost of lending while providing personalized credit products. The platform is said to support compliance and FCA regulations, promoting a sustainable and controlled business model.

Collections Module: Financier includes a pre-configured collections module that is claimed to offer an integrated collection and recovery solution. It provides automated standard collections processes with integrated daily tasks and worklists. The module is said to support specialist treatment paths, arrangements management, and potentially improves agent productivity.

Personal Loan Module: According to the vendor, Financier's personal loan module is flexible and scalable, supporting a range of loan types. It is developed to support consumer loans, guarantor loans, secured loans, alternative finance, and digital lending. The module is claimed to offer flexibility in multi-product and multi-brand configurations.

Self-Servicing: Financier's self-service/My Account area allows customers to carry out various tasks and access information, potentially reducing operational costs and improving the customer experience. According to the vendor, the self-service portal provides transparency of customer accounts and allows additional payments.