24 February 2017
Visit experienceinfosys.com

Equiniti buys Pancredit

24 March 2014  |  1189 views  |  0 Source: Equiniti

Equiniti, a leading business services outsourcing provider, today announces the acquisition of Pancredit Systems Limited (Pancredit). Pancredit is an innovative and fast-growing lending software business which supports banks, intermediaries and price comparison sites with intelligent loan administration and origination services.

The acquisition will strengthen the range of services offered by Equiniti to the UK's leading financial services and public sector organisations, capitalising on market opportunities. Pancredit will gain the scale, support and stability of becoming an Equiniti Group company and will retain its unique identity.

Guy Wakeley, CEO, Equiniti said: "Equiniti's acquisition of Pancredit reinforces our strategy to extend our range of outsourcing services to meet changing market requirements. We already have a fantastic set of software which underpins our employee benefits, share and pension administration and wealth management solutions and are delighted to add Pancredit's loan administration and origination software to these platforms. Pancredit fits our criteria for acquisition - they are innovative, have a fantastic customer base aligned to our own and will take us into new market territory."

Graham Donald, Managing Director, Pancredit, added: "Pancredit has been helping clients in the financial services sector champion responsible lending and enhance the experience of end-users for over 25 years. In Equiniti we have found a partner with a strong track record of investing in the businesses they acquire and will help us offer greater scale and growth, whilst retaining our unique identity. This will support further enhancements to our software platforms for new and existing customers. The Company owes a particular debt to its founder, Peter Constance, who as Managing Director has ably steered the Company through the aftermath of the banking crisis, and positioned Pancredit as a leading lending software providers." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)

Who is commenting?

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain Technology
13429 views 1 | 13 tweets | 6 linkedin
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
11419 views comments | 51 tweets | 70 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8009 views comments | 40 tweets | 33 linkedin
Standard Chartered connects corporate customers to WeChatStandard Chartered connects corporate cust...
6261 views comments | 17 tweets | 19 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6189 views comments | 17 tweets | 13 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job