Hastings Direct partners with Aryza for their loan origination platform
Aryza Lending Solutions today announced a new partnership with one of the UK’s top financial services companies, Hastings Direct.
With its proud history and 3 million customers, Hastings Direct has grown to become one of the UK’s leading digital insurance providers.
Hastings Direct has grown quickly through offering competitive and straightforward vehicle and home insurance propositions, and additional products such as breakdown cover and family legal protection.
Their success across the insurance sector has led the business to diversify, more recently offering straightforward personal loans to consumers through a quick and easy digital journey.
Hastings Direct chose to partner with Aryza for its customer origination platform, following a robust request for proposal, given the cutting-edge platform Aryza had developed and their agile approach to delivery.
The result is a secure, cloud-hosted digital platform that automates the loan acquisition process, which was delivered in less than 4 months and is now processing millions of pounds worth of loans every month for Hastings Direct.
The partnership has already been recognised with a shortlisted nomination at the prestigious Credit Strategy awards, which identifies leaders in the UK credit industry.
Commenting on the partnership, Colin Brown, Aryza CEO said:
“We are delighted to be able to help Hastings Direct increase its application efficiency, providing a solution which is both cost effective and highly scalable. Our highly experienced team will continue to work closely with Hastings to deliver and support a comprehensive platform and system to support multiple lender and market structures”
Commenting on the partnership, Adam Malcolm, Director of Lending at Hastings Direct said:
“In order to create a digital, low-cost lender, we needed a secure, cloud-hosted platform to provide our loan origination services, and as one of the leading software providers in this space, Aryza was our first choice.
“The delivery of this platform has now been successfully completed and we are all hugely impressed by the capabilities of the Aryza product, the expertise of the team and the overall delivery process.
“It is really important to Hastings that we provide great customer experiences and evolve our offering to meet our customers’ needs and wants. I am confident that as we continue to improve upon everything we do for our customers, Aryza will be the perfect partner to deliver these solutions.”