Straight-through processing (STP)
Straight-through processing (STP) is handling a transaction end to end with no manual intervention. In lending, an application that is captured, assessed, decided and funded automatically has been processed straight through. A higher STP rate means lower cost and faster decisions.
STP is not about removing judgement everywhere; it is about automating the clear cases and routing only genuine exceptions to a human. The aim is to lift the share of applications decided instantly while keeping decisions sound and explainable.
Clean data, good rules and reliable integrations are what make high STP possible.
Credit Canary builds straight-through processing into one platform for UK lenders, with the data and decisioning behind it.
Platform overviewSee straight-through processing in a working platform
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