Independent lender Mallard Finance has picked Nordigen as their Account Information Service Provider (AISP), to generate a more comprehensive application procedure.
Mallard Finance is an independent and family owned lender, offering hire purchase finance services on used cars and vans to customers in England and Wales. The firm works with a wide range of customers, including businesses and individuals across the credit risk spectrum. They employ an individual approach to each customer, utilising a multi-layered system to assess creditworthiness including detailed evaluations performed by an underwriter, as well as credit scores and AI-powered reports.
The connection with Nordigen enables Mallard Finance to additionally access financial data directly from clients’ bank accounts during the application process to gain a more in-depth overview of their customers’ current financial transactions and income.
“It has been a real pleasure to work with Nordigen on this project. They have a very strong product offering and are technically excellent. We found integration with them to be very easy and their support has been friendly and efficient. We are glad to have found such a reliable partner and look forward to working with them,'' says Ed Stevenson, Operations Director at Mallard Finance.
All financial information gathered through Nordigen’s open banking connection is kept safe and secure, and bank account data can only be accessed through the explicit consent of Mallard Finance users.
“We are thrilled to be partnering with Mallard Finance. They are seasoned professionals and have been successfully delivering finance solutions to many people and organisations throughout the years. We are happy to see companies continuing to choose open banking to further enhance their already existing services and internal assessment procedures,” explains Rolands Mesters, co-founder and CEO of Nordigen.