# Lending Stream Builds Leading-Edge Credit Platform with FICO Analytic Software Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-11-12 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Lending Stream Enhances Credit Platform with FICO Decision Meta Description: Lending Stream leverages FICO system for faster rule implementation, regulatory compliance, and business growth in the alternative lending market. URL: https://financedigest.com/lending-stream-builds-leading-edge-credit-platform-with-fico-analytic-softwarehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/digital-computergjanrfsu-1736844382550-compressed.jpg) **HIGHLIGHTS:** - **Lending Stream**, a top short-term lender in the UK, has built a state-of-the-art credit platform using the FICO® Decision Management Suite - The FICO system allows Lending Stream to **introduce new rules and models faster**, comply with lending regulations and grow their business - **The FICO** ® **Decision** [Management Suite is an integrated platform of tools for building high-performance decision management applications](https://www.financedigest.com/service-lifecycle-management-applications-market-to-grow-at-a-cagr-of-6-9.html "Service Lifecycle Management Applications Market to grow at a CAGR of 6.9%") Analytic software firm FICO announced today that UK short-term lender Lending Stream has **built its credit** [system using the FICO® Decision Management](https://www.financedigest.com/energy-management-system-market-to-register-a-cagr-of-14-8.html "Energy Management System Market to register a CAGR of 14.8%") Suite, a platform for developing decision management applications. Lending Stream uses the system during the credit origination process to match credit terms with each [applicant’s specific](https://www.financedigest.com/application-specific-integrated-circuits-market-expected-to-reach-usd-33545-7-million-by-2026-tmr.html "Application Specific Integrated Circuits Market Expected To Reach USD 33,545.7 Million By 2026 – TMR") **risk and repayment ability**. More information: [http://www.fico.com/en/analytics/decision-management-suite](http://www.fico.com/en/analytics/decision-management-suite) “Analytics is in our DNA — we started as an analytics company and turned that expertise into becoming a leader in the alternative [lending](https://www.financedigest.com/u-s-markets-regulator-takes-aim-at-coinbase-lending-product.html "U.S. markets regulator takes aim at Coinbase lending product") market,” said **Nallan Suresh, vice president for risk and analytics at Lending Stream**. “We built our own underwriting engine, but we needed to move to a new platform that would allow us to scale our [business quickly](https://www.financedigest.com/crowd-sourced-feedback-tools-to-help-businesses-make-better-decisions-quickly.html "Crowd-Sourced Feedback Tools to Help Businesses Make Better Decisions Quickly"). We have a very strong IT team, and we could have built it ourselves, but FICO has built into its solution the best practices that [come from decades](https://www.financedigest.com/global-hid-ballast-market-expected-to-decline-with-a-cagr-of-9-8-in-the-coming-decade.html "Global HID Ballast Market Expected to Decline with a CAGR of -9.8% in the Coming Decade") of experience in building decision engines.” When Lending Stream [surveyed the market](https://www.financedigest.com/potassium-formate-market-surveys-opportunity-growth-and-forecast-by-end-use-industry-2021-2031.html "Potassium Formate Market Surveys, Opportunity, Growth and Forecast by End-use Industry 2021-2031"), they chose **FICO® Blaze Advisor® decision management system**, part of the FICO Decision Management Suite. “FICO Blaze Advisor offered us three things that others didn’t,” Suresh said. “First, we wanted a platform that would integrate very easily with our system, and allow people on our risk team to introduce new rules without going through a [whole](https://www.financedigest.com/are-your-it-team-telling-you-the-whole-truth.html "Are your IT team telling you the whole truth?") release process with our engineering team. That adds a lot of efficiency. Second, we wanted strong versioning, which is particularly [important when working with both regulated businesses](https://www.financedigest.com/software-to-display-your-businesss-important-information.html "Software to Display Your Business’s Important Information") and large-scale portfolios. With the FICO system, we can go back and check the rules in place at any time, for any decision. Third, we wanted an engine that could help us scale rapidly, and this puts us miles [ahead in the market](https://www.financedigest.com/dollar-soars-to-two-decade-high-as-putin-shakes-fx-market-ahead-of-fed.html "Dollar soars to two-decade high as Putin shakes FX market ahead of Fed") – in online lending, it’s all about the agility of the platform. With FICO Blaze Advisor, these features are time-tested.” Alternative lending is a highly [competitive market](https://www.financedigest.com/industrial-gauges-market-competitive-growth-strategies-based-on-type-applications-end-user-and-region.html "Industrial Gauges Market Competitive Growth Strategies Based on Type, Applications, End User and Region") in the UK. Lending Stream is using the FICO system to **hone its offers**. “It’s hard to underwrite [loans in our space because so many customers have thin credit](https://www.financedigest.com/credit-union-loans-in-high-demand.html "Credit Union Loans in High Demand") records, or blemished credit records, so we need really good underwriting,” said Suresh. “Fortunately, we have one of the strongest [analytics and underwriting teams in the industry](https://www.financedigest.com/transportation-predictive-analytics-and-simulation-market-2021-by-global-key-players-types-applications-countries-industry-size-and-forecast-to-2027.html "Transportation Predictive Analytics And Simulation Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2027"). Everything we do is data-driven, so it’s important to be [able to introduce new scoring models into our system](https://www.financedigest.com/emerging-risks-is-our-insurance-system-able-to-cope.html "Emerging risks: is our Insurance system able to cope?") quickly. The FICO [system](https://www.financedigest.com/bae-systems-sees-big-opportunity-in-space-after-uk-satellite-bolt-on.html "BAE Systems sees big opportunity in space after UK satellite bolt-on") will really cut down on the model deployment time — that’s critical to being competitive in this space.” “For alternative lenders, it’s absolutely critical to get an applicant’s risk right, and to be able to [change offers quickly as the market](https://www.financedigest.com/sterling-little-changed-after-mixed-labour-market-data.html "Sterling little changed after mixed labour market data") changes,” said **Steve Hadaway, general manager for FICO in Europe, the Middle East and Africa**. “Lending Stream are taking an extremely [advanced and dynamic](https://www.financedigest.com/sensor-based-glucose-measuring-systems-market-by-2028-with-technological-advancements-growth-of-industry-overview-and-dynamics-with-affecting-factors-2.html "Sensor Based Glucose Measuring Systems Market by 2028 With Technological Advancements, Growth Of Industry, Overview and Dynamics with Affecting Factors") approach to lending. Their team is excellent, and our software enables them to [grow](https://www.financedigest.com/airless-pump-market-to-grow-by-1-8x-as-demand-in-personal-care-cosmetics-industry-picks-up-pace-future-market-insights.html "Airless Pump Market to Grow by 1.8x as Demand in Personal Care & Cosmetics Industry Picks Up Pace: Future Market Insights") and change at their own pace.” The **FICO® Decision** [Management Suite 2.0 provides an easy way for customers to evaluate, customize, deploy and scale state-of-the-art analytics and decision management solutions](https://www.financedigest.com/quality-and-compliance-management-solution-market-to-rise-at-a-high-cagr-of-9-4.html "Quality and Compliance Management Solution Market to rise at a high CAGR of 9.4%"). It allows customers to quickly integrate FICO and FICO partner decision management tools and components with their own components, helping organizations of all sizes [realize the promise](https://www.financedigest.com/realizing-the-promise-of-it-grc.html "REALIZING THE PROMISE OF IT GRC") of advanced analytics and decision management via cost-effective, scalable cloud and on-premises solutions. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---