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

FinTech enters the dictionary

Finally, after decades of usage, the word FinTech has made its way into the Merriam-Webster dictionary.

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There's nothing artificial about AI’s influence on the financial world

Research by PwC estimates that global GDP will be 14 percent higher in 2030 as a result of artificial intelligence (AI).

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Welcom Digital is delighted to have been selected as a finalist in the Credit and Collections Technology Awards

Welcom Digital is delighted to be named as a finalist, in the Finance Lending Solution category in this year's Credit Connect Awards.

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Nearly four million UK households could default on personal debt by 2022

The number of households in personal debt default is set to increase to 3.8 million by the end of 2022, according to a forecast by debt purchaser Arrow Global.

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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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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