Pepper Advantage, a global credit management and technology company, announced a major launch. Its proprietary, end-to-end credit management platform, named PRISM, is officially live. The company built PRISM entirely in-house. It unifies loan data, servicing tools, and workflow management in one place. It helps investors, credit managers, and lenders optimize portfolios. Consequently, it delivers better outcomes for borrowers. PRISM combines an integrated mortgage management engine. It also features advanced analytics. It offers real-time data visualization and automated workflows.
Users gain earlier visibility into emerging risks. This platform also greatly enhances operational efficiency. It does this by reducing manual processes. Furthermore, it provides reporting capabilities for regulation compliance. Crucially, the platform replaces fragmented legacy systems. It offers a single, intuitive digital interface for users. Demand for PRISM is already strong in the market. Over a dozen portfolios have migrated to the platform. This represents more than £1.5 billion in assets under management.
Modernizing Credit Market Technology
This includes the largest recent internal migration. That portfolio was nearly £400 million in size. Over 17,000 loans are now managed using PRISM. These loans are across the UK and Spain. The client base includes eight leading banks. These numbers continue to increase daily. PRISM integrates fully into the banking infrastructure. This enables smooth data migration from multiple banks. PRISM’s architecture effectively cleanses and aggregates this data. It enables the easy securitization of portfolios. This is a huge innovation in the industry.
Fraser Gemmell, Group CEO, noted the platform’s success. He stated that demand far exceeds expectations. PRISM offers the seamless experience clients truly want. It also supports an improved borrower experience. The credit management platform is the new industry standard. It helps Pepper Advantage serve customers better. It opens new direct lending opportunities as well. This provides a faster path to market for all lenders. This powerful credit management platform supports all credit types. Other offerings will launch next year.
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News Source: Businesswire.com
