25 July 2017
download the report now

Equiniti acquires Nostrum Group

06 July 2017  |  2894 views  |  0 Source: Equiniti

Equiniti Group plc, the FTSE listed FinTech and regulatory services business, today announces the acquisition of the Nostrum Group Limited (Nostrum).

Nostrum is a fast growing, award winning provider of end-to-end loan management technology that helps banks, finance companies and retail brands provide innovative credit solutions to their customers. They deliver services that support the whole lifecycle of lenders’ operations from front-end lead generation and application processing through to customer servicing.

The acquisition strengthens Equiniti’s position in the lending sector and consolidates the strategy of providing technology enabled loan and mortgage solutions to meet the requirements of this fast-moving market place, building on the technology platforms of Pancredit and the loan, mortgage and insurance servicing permissions of Equiniti Gateway.

The lending sector is experiencing unprecedented change as consumers demand greater digital engagement from their finance providers. Equiniti’s capabilities are now united under the Equiniti Credit Services brand which will accelerate product development to meet this growing market opportunity.

Commenting on the acquisition, Guy Wakeley, Chief Executive, said: “We are delighted to announce the acquisition of Nostrum which consolidates Equiniti’s capabilities in the loan sector. The integration of Nostrum will provide greater depth, scale and capability in a dynamic growth market, whilst also providing the platform for a range of new products and services.”

“The business is aligned with the Group strategy of providing regulatory-driven, technology-enabled services, and will contribute to organic growth.”

“I am pleased to welcome Richard Carter, Nostrum’s current Chief Executive, as Managing Director of the newly formed Equiniti Credit Services business.”

Commenting on the transaction Richard Carter said: “Our acquisition by Equiniti and the launch of Equiniti Credit Services represents the next chapter in the development of our business. We are bringing together the best of Equiniti’s rich feature set and Nostrum’s agility. Our solutions and shared heritage will allow us to realise our combined strategic ambition.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.niceactimize.comvisit www.www.fisglobal.com

Top topics

Most viewed Most shared
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
9998 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
9637 views comments | 10 tweets | 6 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
9408 views comments | 25 tweets | 16 linkedin
Machines could take over 30% of bank jobs: McKinseyMachines could take over 30% of bank jobs:...
8924 views comments | 28 tweets | 27 linkedin
Yet more deals announced in payments sectorYet more deals announced in payments secto...
8864 views comments | 7 tweets | 21 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job