You are here: Home - News -

Fintech newbie MoneyGuru to offer direct-to-lender mortgage decisions

by: Heather Greig-Smith
  • 14/10/2016
  • 0
Fintech newbie MoneyGuru to offer direct-to-lender mortgage decisions
A specialist consumer credit Fintech group is attempting to disrupt the comparison market with the launch of Moneyguru.com.

Quint Group said its comparison site will focus on consumer credit rather than insurance – covering mortgages and second charges, loans, credit cards, car finance, credit reports and life insurance. Instead of providing a list of likely lenders, it uses its own Monevo platform, which is directly integrated into lenders’ systems, to secure lending decisions before passing the customer to the lender to complete the loan.

MoneyGuru said the search maximises the chance of a positive conversion for lenders while delivering best outcome for the consumer, ensuring they are always shown the cheapest rate or deal from a lender that has already made a decision to lend to them.

It compares products from a panel of over 200 lenders and providers and provides access to regulated ‘gurus’ for life and critical illness insurance.

Greg Cox, chief executive and co-founder of Quint, said: “MoneyGuru is much more than just a standard comparison site, it brings together cutting-edge technology, tools and mobile experience alongside a huge number of credit providers and wisdom to enable consumers to make more enlightened financial decisions. Our Smart Search facility and in-depth knowledge of the consumer credit market sets us apart from other comparison sites, and allows us to optimise the consumer’s experience.”

He added: “Since the UK site launched, we have already had over 20,000 visitors and have plans to launch in the US and Australia next year. We feel we have a brand and platform which can lead the UK’s credit comparison market.”

Quint Group’s proprietary technology was the first of its kind to be authorised with principal status in the UK. MoneyGuru will shortly begin a social media and television advertising campaign.

 

There are 1 Comment(s)

You may also be interested in