Digital Acquisition with eligibility check, instant decision, instant on-boarding and instant credit.
Benefits
Market leading flexibility
NewDay’s acquisition service and in-house Decision Engine NODE allow a great deal of flexibility in approving credit requests.
Instant approval to credit
Enabling an applicant to go from quote to approved within a few minutes.
Always informed customer
NewDay sends communications at every step of the journey to keep the applicant informed about any updates or further actions.
Key features
Instant credit eligibility check
NewDay’s acquisition service and in-house Decision Engine NODE allow for instant credit eligibility checks.
Fast application decision
The API returns an instant response confirming the applicant's credit acceptability status. You can immediately proceed with the application if your customer is accepted for NewDay credit.
Referral worked by underwriter
NewDay sends additional communications to the applicant with actions explained for any problem redressal.
Prompt Application for NewDay product
Once the applicant is onboarded as a customer, they can instantly apply for the NewDay product.
Resume application on mid-journey interruptions
If the acquisition process was interrupted owing to any technical problem, you can resubmit your request.
Application journey flow
The following illustration explains how the customer acquisition journey will flow from quotation to providing credit to your user:
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Fraud profiling
Fraud profiling can take place at any point of the acquisition journey flow providing it is before the decision endpoint is called.
This section provides guidance on how to start building with NewDay i.e. how to integrate with NewDay's various deployment environments, getting access to APIs etc.
