At PrinSix we create the most effective personalized customer lending journey – so you don’t have to

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%

New Customer Volume

%

Applicant Conversion

%

Bad Debt Reduction

*Actual figures based on the experiences of a UK-based alternative lender 

56% of respondents have abandoned an online finance application according to a survey by Signicat

Our configurable conversational onboarding platform is built on the game changing principle of dynamic digital conversations. It delivers more (profitable) customers, of better quality, at a lower cost while reducing regulatory risk.

43% of consumers surveyed cite ‘application processes taking too long’ as the biggest reason for abandonment.  But it doesn’t stop there…

Prospective buyers abandon their application for any number of reasons, but many of routes to failure result from a fundamental:  Every buyer is different and needs to be treated differently. 

Today’s onboarding journeys are inadequate.  Their One Size Fits All static web forms try to find a compromise between stakeholders’ conflicting demands, but fails to deliver any of them well.  Marketing performance, customer value, journey conversion, operational efficiency and regulatory risk are not properly optimized.  

Developed by lenders to deliver the needs of borrowers and lenders in an environment of growing regulatory and commercial risk

For Borrowers

 

  • Simple and straightforward applications
  • Affordable, sustainable, suitable lending

For Lenders

 

  • Reduced regulatory risk
  • Reduced operational costs
  • Increased marketing efficiency
  • Increased yield on deployed cash
  •  

%

New Customer Volume

%

Applicant Conversion

%

Bad Debt Reduction

%

Decrease in Fraud

*Actual figures based on the experiences of a UK-based alternative lender 

IS YOUR LENDING PLATFORM READY FOR OPEN BANKING?

Open Banking offers lenders a transformative opportunity to understand customers’ financial circumstances. While Open Banking data supports better decision making, onboarding journeys with Open Banking will have a substantially poorer conversion performance than those without.

LEARN MORE ABOUT THE IMPACTS OF OPEN BANKING HERE! ▶︎

Our Story

Discover why the PrinSIX executive team decided to create the business, challenge current approaches to onboarding, and build a platform of personalized lending journeys, created one step at a time…

LEARN ABOUT THE PERSONALITIES BEHIND PRINSIX! ▶︎

The Challenge

Lenders want to maximize customer experience and lending while minimizing cost and risk; with a major concern being regulatory compliance – an existential threat!

LEARN MORE ▶︎

The Platform

Find out how we orchestrate dynamic conversations that adapt to every applicant as more is learnt, – configured, not coded – resulting in greater lending at lower risks.

LEARN MORE ▶︎

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Here we explore the advantages of Open Banking to lenders and the benefits gained from embracing Open Banking as part of onboarding