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Close Brothers rolls out real-time affordability decisions

Accelerating the evolution of credit decisioning and modelling

Close Brothers Premium Finance has launched a real-time affordability decisioning for Acturis, to enable customers to receive an affordability outcome at the point they arrange premium finance.

The rollout has been initially introduced through Acturis, with other software house integrations set to follow, including Close Brothers’ lending platform, i-prompt.

Under the new process, the affordability assessment is integrated directly into the journey, with an outcome delivered in seconds while the customer is still engaged with their broker, the premium finance provider explained.

Previously, an affordability assessment could take place after a customer had completed the process of

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