Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Cloud-banking fintech Ohpen partners with ezbob to offer lending products to UK market

by August 18, 2022
August 18, 2022
Cloud-banking fintech Ohpen partners with ezbob to offer lending products to UK market

Ohpen, the first fintech platform to bring a bank to the cloud, today announces its partnership with ezbob, a UK-based software provider for banks and financial institutions.

The partnership is the next step in Ohpen’s expansion into the UK market, which commenced last year with the launch of a complete mortgage platform, and will leverage ezbob’s local market expertise to provide end-to-end SME lending products, as well as continuing to support consumer lending.

A recent report from the Federation of Small Businesses shows that SME lending requires urgent attention. It cites the latest Bank of England figures that show how the annual growth rate of lending to SMEs is at a record low, but lending to big corporates has increased significantly since the start of the year. This highlights the need for financial institutions to be able to offer lending products that meet the unique requirements of the UK’s small businesses, of which there are over 5.5 million.

Ohpen’s cloud-native core banking engine supports this need, further bolstered by ezbob’s intuitive onboarding and immediate credit decisioning expertise for SME loan origination. Through this collaboration, financial and non-financial institutions can deploy highly configurable solutions, cost-effectively in as little as 90 days, including ongoing loan servicing. This is substantially faster than alternative options, such as in-house development.

The solution is packaged as a cutting-edge, AI based SaaS deployment with pre-configured APIs for KYC, fraud, AML, bureau and open banking providers. This means that no customer technical knowledge or expertise is required.

Jan-Lamber Voortman, Managing Director of Lending at Ohpen, commented: “It has been a core focus of Ohpen’s to ensure we offer UK financial institutions the full spectrum of lending products. With ezbob’s expertise in the origination of SME loans and our depth of experience in lifecycle management – from origination to servicing and arrears – we have created a powerhouse of a partnership. What’s more, having already worked on proof-of-concepts together, we know that our teams, skills and technology complement one another perfectly. I look forward to using our joint expertise to truly help UK banks and lenders better serve the growing SME market.”

“SME borrowers demand the same slick customer experience they are used to when ordering services from Netflix or Amazon. ezbob’s technology delivers a smart, intuitive onboarding and credit assessment journey with a decision in minutes. Integrated with Ohpen’s cloud-native servicing platform, cash can be dispatched same day, thus offering a highly valued customer service to small businesses,” added Marc Philippo, Vice President Sales at ezbob. “Partnering with Ohpen enhances our offering and allows us to cover all aspects of the loan cycle; achieving this truly fully integrated service is unique in the market. We’re excited to provide better servicing for financial institutions and their SME customers and to tap into the potential of supporting non-financial firms wishing to embed financial services into customer offering.”

Read more:
Cloud-banking fintech Ohpen partners with ezbob to offer lending products to UK market

0
FacebookTwitterGoogle +Pinterest
previous post
Passengers face disruption as rail services hit with new train strikes
next post
STEM skills shortage continues to hit UK businesses

You may also like

Land Rover and Range Rover hybrid sales surge...

October 31, 2024

Farmers face £600m hit as second-worst harvest on...

December 13, 2024

Twitter to no longer only promote paid-for accounts...

March 30, 2023

Business Rates Cut Could ‘Revitalise’ Town Centres

June 12, 2024

Lotto Winners: Who Lost Everything?

February 22, 2023

RMT union votes to end rail strikes until...

November 30, 2023

Wealthy investors flock to start-ups for tax breaks...

September 30, 2024

CBI to seek £3m from members within days...

September 18, 2023

UK inflation eases to 9.9% but remains close...

September 14, 2022

Rocco Forte plans five new hotels as Saudis...

August 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved