The specialist lender has been utilising Open Banking since the start of September and has found it to be a faster, easier and more secure way for it to access a read-only version of its applicants’ bank statements.
Open Banking allows authorised third parties to securely share banking transaction information and this has helped Roma’s brokers and customers by removing the hassle and delays often associated with the collection of paper statements.
Roma said it expects to introduce more technological solutions to further enhance and speed up the customer journey.
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“We are continuing our strategy of investing in technology to ensure Roma Finance is the most technologically advanced lender in our sector,” said Scott Marshall, managing director at Roma (pictured above).
“It’s our intention to constantly improve the way bridging loans are completed for the benefit of our introducers and their customers.
“We’re already completing many cases inside 15 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.”