Case Study: Plenti cuts credit decision time by 50% with Fortiro

How Plenti Cut Credit Decision Time by 50% to Scale Lending

Plenti, a fast-growing Australian non-bank lender, faced challenges with manual credit assessment processes. These time-consuming tasks, including income verification and fraud detection on documents like payslips, were creating bottlenecks that limited the company's growth potential. To address this, Plenti turned to Fortiro and its suite of products to automate these critical operations.

By integrating Fortiro's Accelerate, Protect, and Redact products into its loan engine, Plenti automated data extraction and fraud detection. The solution implemented by Fortiro halved credit assessment time from 20 minutes to 10, enabled real-time fraud detection, and automated the redaction of sensitive data. This dramatic efficiency gain allowed Plenti to scale its operations significantly, supporting its goal to grow its loan book to $5 billion.

Plenti

Nick Couzios

Credit Risk Manager