Consumer Lending

The 100% digital journey starts here

Most consumers turn to their primary bank for financing. So, provide your customers with the tools to understand the various options available, and make sure the financing is responsible and adheres to relevant consumer protection regulations. 

Fyndoo offers a comprehensive, 100% digital solution for supporting financial advice to consumers. In most cases, Fyndoo’s Open Lending API is integrated with your bank’s mobile app, providing your customers with a user-friendly and transparent  journey.

In a few clicks from application to cash

Applying for a loan should be seamless and easy. The application process is transparent and quick. No paperwork, competitive rates and flexible conditions.

At Fyndoo, we understand that a bespoke customer experience is essential. That is why we offer a comprehensive Open Lending API so that you can create a fantastic user experience that fits your brand and proposition.

Beat the competition on efficiency and performance

Origination is the process that makes or breaks your lending business. Fyndoo approaches lending to consumers as a fully automatable, efficient process. 

Fyndoo is really flexible. Formulate your own underwriting criteria in easy to understand business rules. Implement your unique risk model in our low-code environment. Create highly efficient straight-through processes or implement a more tailored financing approach. You are in complete control!

The many integrations make origination digital, reliable and efficient. Fyndoo champions Open Banking standards,  integrates with credit bureaus across Europe and credit rating agencies.

Strike the balance between flexibility and efficiency

Fyndoo supports five core loan management capabilities that can be combined in any process::

1. Phased withdrawal - supporting building deposits etc., where the loan disbursement is phased or event-based.

2. Early repayment - when the customer pays the loan early or in full.

3. Interest rate revision.

4. Amendments - contract changes initiated by the customer. For example, to extend the duration of the loan to lower monthly terms.

5. Review and monitoring - these are bank-initiated processes integral to loan management. 

Each of the core capabilities have an optimized user interface, making loan management efficient. The Fyndoo workflow management system underpins each process, giving you the flexibility to change the workings of each process.

Let complexity not get in the way of efficiency

Fyndoo supports all scenarios for disbursement and repayments in Consumer Lending. We process hundreds of thousands of payments per year across a variety of loan products.

Stay in control

There are many dynamics at play that impact the credit risk of a loan. Change in employment status, sickness, marital status all may impact the repayment capacity. Whatever the dynamic, Fyndoo makes sure you’re on top of it!

Fyndoo uses a powerful workflow engine to support all kinds of monitoring processes. A monitoring workflow can be kicked off by a set interval, specific repayment behavior or upon request. In turn, a monitoring process can initiate an amendment or other loan management process so that the loan contract is adapted in accordance with the observed changes.