Roma Finance is one of the first bridging lenders to utilise open banking.
The open banking solution has helped Roma Finance’s brokers and customers by removing the hassle and delays often associated with the collection of paper statements, helping to ensure prompt, responsible lending decisions are made.
In October 2017, Roma Finance introduced a fast track lending process which resulted in their ability to complete most cases within 15 days and this new initiative is seen as another step in their transformation of the customer journey through advanced technology.
Further technological solutions are in the pipeline to enhance and speed up the customer journey and these will be announced in due course.
Scott Marshall, managing director of Roma Finance (pictured), said: “We are continuing our strategy of investing in technology to ensure Roma Finance is the most technologically advanced lender in our sector.
He added: “It’s our intention to constantly improve the way bridging loans are completed for the benefit of our introducers and their customers.
“We are already completing many cases inside fifteen days and implementing technological solutions such as open banking will help everyone involved and lead to a smarter way to make good and timely lending decisions.”