Line of Credit

Providing affordable, personalised offers to customers through a line of credit

Flexibility built in

Financier enables providers to have the flexibility to provide a line of credit for their customers.

The solution gives an alternative overdraft account whereby a drawdown is made against the available credit facility to allow the customer to access funds up to the agreed limit.

Customers can defer taking the full amount of the loan and will only repay the amount they use.

 

 

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Personalisation in digital lending

The UK retail market has been revolutionised by digital lending - this is the start of the customer journey and enables expanded credit opportunities.

This relates to, in particular, a retailer’s ability to personalise the digital journey at customer level and drive the ability to provide customised credit terms.

By the use of technology, digital lenders are able to change their offerings and promotions daily for retail customers. Financier provides the ability to deliver a consistently personalised, on-brand experience for each individual customer effortlessly. The solution can interface with existing sites or via web services to an existing ecommerce platform, providing POS credit.

Our Insights

FCA to keep existing definition of vulnerability

The Financial Conduct Authority (FCA) has announced plans to retain the existing definition of vulnerability as it publishes its Approach to Consumers paper, outlining its regulatory treatment of retail consumers.

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Welcom Digital is delighted to welcome a 2nd graduate team in India!

Welcom Digital is delighted to welcome a second graduate team in India! The second team of graduates, comprised of 12 members in our Pune office and 5 people in our office in Bangalore, have been introduced following the success of the first graduate team that was introduced just over one year ago.

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Shop Direct ranked 26th in the HSBC Sunday Times Top Track 100!

Welcom Digital is delighted to congratulate our client, Shop Direct for being ranked #26th in the HSBC Sunday Times Top Track 100! Shop Direct is a fantastic business and they really deserve this wonderful accolade.

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AI meets credit scoring: the challenges and opportunities ahead

If you’ve attended any recent conferences or industry events, you’ve probably heard a lot about artificial intelligence, or AI. Claims about AI seem to be everywhere!

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£50m FinTech fund launched by UK building Society

Personal data, identity and Open Banking will help drive banking strategy. For the lenders, there will be enhanced underwriting capability and product innovation.

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Credit card debt and the cost of borrowing are on the rise

Credit cards are getting more expensive according to new data released by Moneyfacts which revealed that credit card borrowing is rising by around £3 billion year-on-year and £318 million of debt on plastic was written off in the first quarter of 2018.

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Call us on 0845 456 5859

Welcom Digital Limited

The Exchange

Station Parade

Harrogate

HG1 1TS

T 0845 4565859

F 0845 4565253

Office hours

9am to 5.30pm Mon to Fri