Glenhawk to adopt Finastra Technology in UK bridging sector

Glenhawk is working with Finastra as it seeks to drive customer engagement in order to support its loan book growth ambitions and expand its UK footprint.

Glenhawk will adopt Finastra’s Fusion Essence Cloud to drive operational efficiency of the loan completion and loan management process, including monitoring the existing loan book.

The cloud platform will provide Glenhawk with a more simplified and comprehensive view of its lending portfolio with accurate real time data, allowing universal access and an ability to bring new products to market quickly.

This will enable the growth of additional revenue streams according to customer demand, noted Glenhawk.

It will also be able to automate internal processes such as statement preparation, key notices and letters.

Guy Harrington, chief executive of Glenhawk, said: “In Finastra we see a partner that will facilitate our growth trajectory, by allowing us to leverage a single platform to manage our multiple regulated and unregulated financial solutions for property investors and developers.

“We are confident that the greater efficiency that Finastra brings to the loan management process will contribute to our robust loan book growth projections.

“Working with Finastra is a strong endorsement of our strategy and the latest demonstration of how we are looking to marry institutional style practices with an entrepreneurial approach to redefining the bridging sector in the UK.”

Damani Johnson, chief operating officer of Glenhawk, added: “Finastra’s platform offers crucial accurate and up-to-date data which will enable us to improve customer service, quicken transition timescales, automate administrative processes and drive positive loan book performance.

“As a property finance specialist, this partnership will allow us to continue scaling in line with our growth plans, as borrowers increasingly look for alternatives to traditional high street lenders.

“We look forward to rolling out our growing product suite on the platform in due course.”

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