11 December 2017
visit www.avoka.com

BM Solutions sees quarter of broker business move online

02 April 2003  |  2703 views  |  0 BM Solutions sees quarter of broker business move online

BM Solutions, the online division of UK building society Birmingham Midshires, says that 25% of its broker business is now being processed online, significantly ahead of targets set for the three month-old Web-based business.

The Internet broker service has exceeded its target of 20% of business online by the end of 2003 less than three months after its launch says Steve Sandiford, head of products, BM Solutions.

He says: "Phase one has seen four thousand brokers sign-up to the site and the number is increasing as more and more brokers experience the service."

The site provides intermediaries with easy-to-use and real-time case tracking, product matching, client illustrations and finance tools.

BM Solutions is currently paying an extra £50, on top of the standard proc fee, for each online application that proceeds to completion, and is also entering intermediaries into a prize draw for a Mini Cooper for every completed case submitted via the Internet.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nationwide goes online for ISA and unit trust sales

Nationwide goes online for ISA and unit trust sales

10 March 2003  |  3464 views  |  0 comments
Banks neglect online channel at their peril

Banks neglect online channel at their peril

26 February 2003  |  4214 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.response.ncr.comvisit http://info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18511 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11412 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7849 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6651 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6077 views comments | 19 tweets | 10 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job