Link Group unit Link Asset Services has made a strategic investment in Ireland-based fintech Leveris, which focuses on banking and financial services industry.
Founded in 2014, fintech Leveris has been engaged in the development of a new modular, end-to-end banking platform. This is to streamline lending, deposit taking, card issuance and other financial service activities.
The platform comes with an open architecture to enable smooth integration with third parties.
Following the investment, the Leveris platform is expected to enable Link Group to expand the addressable market of its Banking & Credit Management business.
With the new platform, Link Group aims to utilise new outsourcing opportunities in the banking sector which is subject to rapid transformation with the advancement of technology.
Link Asset Services banking & credit management CEO Robbie Hughes said: “This investment will enable us to enhance traction across the broader banking universe through the application of next generation technology.
“The Leveris platform delivers enhanced user experiences without complexity, simply and efficiently.”
Leveris founder and CEO Conor Fennelly said: “We welcome this strategic partnership with Link Group. Link Group is the largest independent debt servicer in Europe and has a deep knowledge of the lending and loan administration industry, as well as being a global player in the financial services space.
“We both share a common vision to support financial institutions through the application of trusted and innovative technology and are deliberately ambitious in our quest to evolving banking into a simpler, more personal experience for everyone.”