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Speed, diversity, and holistic client service

For brokers looking to diversify into commercial lending it’s important to partner with a lender that understands the needs of small business THERE’S A lot for brokers to love about commercial le ....

Cameron Poolman , Ondeck Australia , Key Online Australian Lending Algorithm , Lightning Loans , Lightning Loan ,

OnDeck launches new credit scoring model

OnDeck launches new credit scoring model
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The online SME lender has launched a new risk-predicting credit model which it said would support more tailored risk assessment for SME lending.
OnDeck has launched the KOALA Score (formerly the Key Online Australian Lending Algorithm), which it said was developed in-house by its team of data scientists.
The credit model would give OnDeck the ability to analyse personal credit scores of business owners, and would benefit newer enterprises, sole traders and partnerships that may not have the substantial volume of commercial data required by traditional lenders, OnDeck said. ....

Cameron Poolman , Key Online Australian Lending Algorithm , Ondeck Australia ,