Roma Finance has announced that it is now rolling out open banking functionality to all of its customers, with the aim of speeding up loan applications.
The bridging lender’s move follows the successful completion of a trial period that began in September 2018, and it reports that it is the fastest, easiest, and safest way to gain access to applicants’ bank statements.
It adds that the adoption of open banking to speed up loan application builds on its current ability to complete “most” cases within 15 days through its Fast Track lending process, which was implemented in October last year.
The firm recently expanded its operations to include Scotland after doubling its sales and underwriting teams, saying that it will look for further sales staff to support this move.
Roma Finance managing director Scott Marshall says: “We are continuing our strategy of investing in technology to ensure Roma Finance is the most technologically advanced lender in our sector. It’s our intention to constantly improve the way bridging loans are completed for the benefit of our introducers and their customers.”