Three new lenders signup with Nostrum Group

08/03/2010

The new clients, all in the short term lending sector will be using Nostrum’s unique turnkey solution which encompasses IT systems including underwriting and loan management, call centre and debt recovery. Two of the businesses are new starts and one an existing lender which is migrating its portfolio to Nostrum for management.

“We have proved our credentials and capability in this sector over the last 18 months and these wins are further endorsement of our full service proposition,” commented Richard Carter, Nostrum’s Chief Executive, adding, “The whole really is greater than the sum of the parts with our offering, including the Sola Software underwriting engine, the icenet loan management system and our own call centre. This, coupled with our extensive domain experience means that we can truly provide a whole package to a start-up and provide meaningful advice on market entry strategies.”

Nostrum’s core proposition de-risks the launch of a new finance company by providing a single contract covering front and back office systems, call centre and the co-ordination of external debt collection businesses. The three new customers join a roster of other growing clients which will see the Nostrum’s call centre headcount almost double in size in 2010 to over 50 Customer Services Representatives focusing exclusively on the consumer lending sector.

“We are proud to be working with these new clients and look forward to helping them attain their strategic objectives over the coming years,” concluded Carter.

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