UK-based property finance specialist Glenhawk has decided to use Finastra’s Fusion Essence Cloud banking solution for its lending business.
The solution will provide Glenhawk with a complete view of its lending portfolio and expedite loan approval and completion process.
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Fusion Essence Cloud in Microsoft Azure is also expected to accelerate the introduction of new products to market.
Furthermore, the solution will automate key processes such as statement preparation, key notices and letters delivering accurate management information.
Glenhawk CEO Guy Harrington said: “Finastra’s technology will bring greater efficiency to our loan management process, but more importantly, accurate and up-to-date data will enable us to deepen engagement with our customers, manage our growing loan book and drive overall performance.
“It fits well with our ethos of doing property finance differently by giving us a platform that is modern, scalable, and brings all the efficiencies that are right for our business. Our aspiration is to become a leading non-bank lender within the property finance specialist sector. The partnership with Finastra will facilitate this by giving us one platform to manage multiple products and by scaling in line with our growth plans.”
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By GlobalDataFinastra GM Banking Anand Subbaraman said: “Fusion Essence Cloud will enable Glenhawk to automate the end-to-end lending process, eliminating manual processes from loan origination through to processing and servicing.
“By turning data into intelligence, the Glenhawk team will gain additional insight into customer needs, helping them optimise the lending process and offer the best product, at the right time, through the right channel.”
Recently, Finastra launched a consolidated origination platform.
