Fiduciam taps Profile Software tech to manage lending processes

Source: Profile Software

Profile Software, a leading financial solutions provider, announced today that Fiduciam, a fast-growing London-based alternative lender, selected, a banking software suite, to effectively manage their lending processes.

Fiduciam is a pension-fund owned lender to entrepreneurs and small and medium-sized enterprises. A key success factor for Fiduciam has been its continuous focus on taking advantage of new technology platforms in order to make credit more flexible, accessible and efficient for a wide range of businesses.

Following extensive due diligence of software solutions, Fiduciam selected Profile’s marketplace lending solution to experience the flexibility, ease of use, automation of processes, security, rigour, controls, data protection and regulatory compliance which are all critical for a business challenger. Henrik Takkenberg, Director at Fiduciam comments: “ allows us to reduce the origination cost of secured loans by over 70%. redefines the IT set-up for banks and is part of a technology wave which will very much challenge traditional banks.” 

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