EBP Money partners with Aryza to power their ‘digital first’ lending business
Aryza today announced a new partnership with EBP Money, Australia’s newest digital lender and part of the FSA Group.
Following on from the FSA Group’s ongoing success in the personal lending space, EBP Money approached Aryza to work with them on delivering a full, digital, end-to-end lending process supported by automated real time decisioning using third party credit bureau data, identity checks, and transactional data, supplemented by e-signature and automated disbursement.
EBP Money offers tailored rates across all risk grades within their unsecured personal loan book. The online customer journey has been optimised to be both quick and simple. It takes customers minutes to apply for a loan and if an application is approved, they will disburse funds on the same day. EBP Money chose to partner with Aryza for its consumer loan origination platform, based on the leading-edge solutions they had developed combined with their agile approach to the delivery of the project.
The result is a secure, digital lending solution to support high-volume low-cost consumer lending with comprehensive credit rules to deliver both prime and non-conforming loans. While the platform has been designed to optimise and streamline the customer journey, it also delivers a highly automated and efficient underwriting process using real time data and utilising complex configurable credit decisioning rules.
Commenting on the partnership, Ariel Timothy, Aryza CSO said:
“We were excited to work with EBP Money to deliver a solution that is scalable, cost effective, and provides significant efficiencies in the origination process. Our highly experienced team delivered this solution in less than 4 months to ensure that EBP had the platform in place to enter the market in line with their board’s expectations”.
Commenting on the partnership, Terence Dean, EBP Money Executive Director said:
“With EBP Money we wanted to deliver a low-cost digital lending solution with an automated end-to-end process. To support this, we needed a cloud hosted solution that was secure, scalable, highly automated, and we found this solution with Aryza.
Having taken delivery of the platform we have all been very impressed with the agile approach of the Aryza team, the outstanding performance and capabilities of the platform, and the speed of delivery.
Using the Aryza platform has enabled us to significantly reduce our average underwriting time from 40 minutes on every loan to under 5 minutes under a referral, significantly reducing the overall cost of acquisition. We look forward to continuing our partnership with Aryza as we expand on these solutions”.
About Aryza
Aryza is a provider of end-to-end, mission-critical automation software to business customers in regulated industries, focused on the lending, credit, debt recovery and insolvency sectors. Aryza’s solutions automate a wide range of back and middle office activities including customer data collection, administration, and payment processing, covering every stage of the debt cycle. Its scalable technology platform is capable of meeting high volume, high complexity needs and helps customers significantly increase efficiency while ensuring compliance with local legislation. Aryza’s solutions are underpinned by unrivalled expertise and powerful data and are designed to have a positive impact on the financial health and wellbeing of our customer’s customers around the world. Since its foundation in 2002, the business has grown rapidly. Today it has global operations across four continents.
For more information visit https://www.aryza.com/
