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Fintech Omnio and CUFA partner for lending services

Friday 28 August 2020 11:58 CET | News

BaaS fintech Omnio’s Credit Union business KESHO has partnered with Credit Union Financial Analytics (CUFA), an analytics company for managers and trustees of credit unions (CUs). 

This partnership demonstrates Omnio’s openness to the Credit Union sector in the UK and the Republic of Ireland. It provides an upgrade to the analytical tools available to the Credit Union sector through its Curtains platform. CUFA Lending Analytics (CLA) specialises in providing software solutions that apply statistical techniques to quantify the risks and mathematically determine the potential risks and benefits in a consumer loan portfolio, according to the official press release. 

The partnership will allow the CUFA lending analytics engine to work in conjunction with the ‘Curtains’ financial management platform. Credit Unions who access the service will gain knowledge of their business lending across its member base. Credit Unions can then deploy their tools to enable risk-based lending against historic data and member behaviour, enabling growth of the Credit Union whilst assessing its risk portfolio and improving lending availability to new and existing members.

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Keywords: fintech, Omnio, CUFA, lending, KESHO, credit union, CU, Credit Union Financial Analytics, BaaS, UK, Republic of Ireland, analytical tools, Curtains platform, CUFA Lending Analytics, CLA, risks, consumer loan portfolio, financial management platform
Categories: Banking & Fintech | Payments General
Countries: Europe
This article is part of category

Banking & Fintech