Equiniti Group acquires software provider

Equiniti, an outsourcer delivering technology-enabled solutions, announced the acquisition of Nostrum yesterday (July 6).

Nostrum provides end-to-end loan management technology that helps banks, finance companies and retail brands provide credit solutions to their customers.

It delivers services that support the whole lifecycle of lenders’ operations from front-end lead generation and application processing through to customer servicing.

Equiniti said the acquisition strengthens its position in the lending sector and consolidates its strategy of providing technology enabled loan and mortgage solutions.

The outsourcer said 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.

Nostrum’s current chief executive, Richard Carter, will become the managing director of the newly formed Equiniti Credit Services business.

Guy Wakeley, chief executive of Equiniti, said: “The business is aligned with the group strategy of providing regulatory-driven, technology-enabled services, and will contribute to organic growth.”