We're delighted to announce that Jaywing has won the Data & Analytics Solution Award at the Credit & Collections Technology Awards 2024. The award recognises our work improving loan acquisition processes through advanced analytics and credit risk modelling.
The project: Better lending decisions at lower costs
A leading UK bank approached us with a clear aim: improve their loan approval process whilst reducing costs. This meant refining their approach to customer assessment and data usage – areas where our team excels.
Real results
Our solution delivered significant improvements:
- Cut data costs by 42%
- Increased loan sales by 26% in new markets
- Improved approval rates from 52% to 75%
We achieved these results by developing smarter assessment methods and refining the application filtering process, helping our client approve more eligible applications whilst reducing unnecessary checks.
Adding to industry recognition
This Credit & Collections Technology Award joins our recent wins, including ‘Breakthrough with Data or AI’ at the 2024 DataIQ awards. Each recognition drives us to keep developing better solutions for our clients.
With this win, we add to our growing list of awards, including:
🥇Technology Team of the Year 2018 – Credit and Collections Technology Awards
🥇AI & Machine Learning Awards 2019 – Best Use of Predictive Analytics
🥇Innovation in Credit 2019 – Credit and Collections Technology Awards
🥇AI in Credit and Collections Solution 2019 – Credit and Collections Technology Awards
🥇Top Tech Yorkshire 2019
🥇Anti-fraud Solution (with Virgin Money) 2021 – Credit and Collections Technology Awards
🥇Excellence in Fraud Prevention 2024 – Credit Awards
🥇Breakthrough with Data or AI (Enabler) 2024 – DataIQ Awards
🥇Data & Analytics Solution Award 2024 – Credit and Collections Technology Awards
A proud moment for the Jaywing team
At Jaywing, we've always strived to push the boundaries of what's possible in credit risk and analytics. Whether it's improving lending decisions, streamlining approval processes, or reducing operational costs, our solutions continue to deliver meaningful results in the real world.
Winning the 2024 Credit & Collections Technology Data & Analytics Solution Award recognises our team's expertise and highlights how advanced analytics can solve complex lending challenges. We're particularly proud that our solution is helping our clients achieve substantial cost savings whilst increasing their market reach.
"This CreditConnect award represents more than industry recognition – it demonstrates our team's ability to tackle complex challenges with practical, effective solutions. It showcases how smart use of data and analytics can transform lending decisions, and it validates our approach to helping clients grow efficiently. Most importantly, it recognises the exceptional talent and dedication of our team." – Ben O’Brien, MD, Jaywing
Related:
- For more on our award-winning AI technology, Archetype, click here
- Read about our recent win: Breakthrough AI in fraud prevention – DataIQ