Lending-technology advisory maps a digital lending model to the roles of the regulated lender, platform and service partners.
Understanding Lend Tech
When to consider this service
Promoters, regulated businesses and compliance leaders assessing an activity-specific regulatory requirement can use this service to clarify a particular issue. A useful starting question is: “Does operating a lending app make the platform a licensed lender?” Begin with the facts behind that question rather than assuming that a standard package will resolve it.
Scope of work
The engagement can cover the following workstreams. The proposal specifies which apply to your matter and what evidence or specialist input is needed.
- Define lending and service-provider responsibilities.
- Review customer journeys data and contracts.
- Plan operational and compliance controls.
Documents and information to prepare
Start with the records below where available. They help establish the facts before a more specific checklist is agreed.
- Platform architecture.
- Lender agreements.
- Customer flows.
- Data policies.
Provide the relevant entity, transaction or reporting period and any existing notice or deadline. Identify missing or inconsistent records so they can be addressed explicitly.
A key issue to resolve
A technology platform is not automatically authorised to lend; the regulated entity and customer obligations must be clear.
How the engagement works
- Define the question: define lending and service-provider responsibilities, using the available platform architecture and the facts you provide.
- Examine the evidence: review customer journeys data and contracts. Record unresolved information and the assumptions that affect the analysis.
- Agree the action: plan operational and compliance controls. Set the required deliverables, responsible owners and any follow-up or external dependency.
Deliverables, fees and timing
The proposal for Lend Tech sets out the analysis, documentation or coordination deliverables and the work you retain. The availability of platform architecture, lender agreements, customer flows and data policies affects readiness and the amount of follow-up needed. Fees and the working schedule are agreed after that initial assessment. Any required independent report, legal representation or authority application is identified as a separate responsibility where relevant.
Official resources
Use these official resources for the relevant framework. Application to a particular entity, period or jurisdiction requires a separate assessment.
Discuss your requirement
Share a short summary of your Lend Tech requirement and the records already available. BIATConsultant can assess the proposed scope and explain the next steps.
FAQ
Practical questions about Lend Tech.
Does operating a lending app make the platform a licensed lender?
A technology platform is not automatically authorised to lend; the regulated entity and customer obligations must be clear.
What records should I prepare for Lend Tech?
What can the scope of Lend Tech include?
How are fees and the schedule agreed?