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

Welcom Digital selected as a finalist in Credit and Collections Technology Awards

We are delighted to announce that Welcom Digital is a finalist, along with our client Quanta Law, in the Credit & Collections Technology Awards 2019, in the Finance Lending Solution category.

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World FinTech Report 2019 - featuring Open Banking and Open X

Capgemini and Efma have published a paper called 'World FinTech Report 2019'. Its discusses how open banking will eventually transition in an Open X phase, in which standardised API's, insights from customer data and effective collaboration prevail.

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FCA's Bailey remains front runner for BoE job despite testing few months

The chief executive of the Financial Conduct Authority Andrew Bailey continues to be the bookmakers' favourite to take over from Mark Carney as Bank of England Governor, despite recent scandals that may have harmed his chances.

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Consumer finance new business up by 1% in February

New figures released today by the Finance & Leasing Association (FLA) show growth of 1% in consumer finance new business in February 2019, compared with the same month last year.

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Consumer finance new business stable in January

New figures released today by the Finance & Leasing Association (FLA) show consumer finance new business in January was at a similar level to the same month in 2018.

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Number of UK workers turning to high-cost short term loans continues to rise

The number of UK workers turning to high-cost short term loans (payday loans) as they struggle to cover their living costs and make ends meet continues to rise. Using data collected from over 700,000 payday loans requested between January 2017 and December 2018, credit broker CashLady has gathered together an in-depth analysis of the average borrower.

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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