Soar will use Experian’s Decision Analytics solutions to support its work in the community banking market. The new partnership will see our clients utilise Experian’s SaaS PowerCurve Customer Acquisition platform to help automate lending decisions, transforming their digital onboarding and customer application journey.

We are offering a one-month free subscription to any credit union which refers another to join Soar and three months free subscription to the customer who is referred. On top of this, both organizations will receive a 50% discount on each open banking use for the next three months. This is an exciting opportunity to reach out, discuss what you love about Soar and share with others!

Soar’s hub exists to make managing everyday tasks more straightforward. In the coming weeks, you will be able to initiate direct debit collections from Soar’s hub as well as pay money out via Faster payments or Bacs, either to borrowers or your main institutional bank account. We’ll document the nuts and bolts of how this works which will be available to customers soon.

We're extending our capability by providing Signable to all our customers for eSignatures of loan agreements and other contracts.

When affordable credit providers such as credit unions are able to take on automated loan processes, they’re helping a huge number of people in society gain access to affordable credit but they’re also improving their own internal processes too. Here are some of the advantages that come along with having an automated loan process.