SD Taylor provides personal loans under its trading name, Loans at Home, and is renowned for its customer-led approach to lending, receiving the prestigious Michael Liley award at the Consumer Credit Association’s Annual Convention 2016 in recognition of its progressive attitude and embracement of new technologies.
The DataShed began by creating a fully automated credit decision platform for SD Taylor which was capable of streamlining the decision making process and completing a range of complex checks and a scan of six years of credit history in a matter of seconds. The current industry standard for the completion of an online credit check is around 30 seconds, whereas SD Taylor’s platform can deliver a decision in under five.
In addition, The DataShed also streamlined the company’s data architecture, which allows SD Taylor to react faster to market changes and reduce risk, as the digitisation process has minimised the likelihood of either data loss or fraud.
Ed Thewlis, Managing Director at The DataShed, said: “Our partnership with SD Taylor is focussed on two main objectives: implementing ultra-modern technology and ensuring cost efficiency. The software we have put in place has allowed SD Taylor to work more effectively than ever before and they have also entrusted us with making financial recommendations in order to keep expenditure to a minimum.
“Over the course of our relationship, it has become clear that a number of SD Taylor’s competitors have spent millions of pounds on offerings with high technological footprints, whereas we have been able to provide a cutting-edge service for a fraction of the price, affording SD Taylor a significant competitive advantage and putting it on course to achieve its business goals in the process.”
Jono Gillespie, Chief Financial Officer of Non Standard Finance at SD Taylor, said: “As soon as it became clear that we needed to quickly build a fully adaptive website from scratch, we immediately thought of The DataShed, having worked with Ed previously. The team there has created an incredibly robust and future-proof offering that is already delivering fantastic results and we couldn’t be happier with their efforts.”