Shawbrook taps nCino for automated SME loan origination
The bank is also adopting nCino’s nIQ solution for AI and machine learning tools.
The bank is also adopting nCino’s nIQ solution for AI and machine learning tools.
The deal is expected to close in Q2 2023 and the business will continue to trade under the Bluestone brand.
Pega claims its low-code platform will save Shawbrook underwriters 1,500 hours a month.
Cashflows will enable Shawbrook to process its e-commerce business finance collections through a virtual terminal.
Legal & General and Lloyds will both take minority stakes in the business.
For the management of business-critical spreadsheets.
UK-based challenger bank Shawbrook has launched a new lending platform for the motor finance marketplace, powered by Cognition Direct, a direct-to-customer loan decisioning engine from Redline.
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UK-based challenger Shawbrook Bank is working with a credit risk analytics firm, Jaywing, to meet the International Financial Reporting Standards (IFRS) 9 modelling requirements. Jaywing is helping the bank through the build of a credit risk modelling programme that will underpin credit management, impairment forecast and capital requirement including stress testing and Internal Capital Adequacy […]