CCR Magazine

You are here  :Home arrow News arrow Redline’s loan platform powers Shawbrook’s motor finance launch
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Redline’s loan platform powers Shawbrook’s motor finance launch PDF Print E-mail
Tuesday, 07 November 2017
Powered by Cognition Direct, Redline’s direct-to-customer loan decisioning engine, Shawbrook Bank has today launched its new flexiloan into the motor finance marketplace.  Cognition Direct is accessed by car buyers when applying for vehicle finance.

Designed, built and implemented by Redline’s specialist team, the online lending platform provides applicants with a swift and engaging customer experience culminating in a decision for the right loan product. Contract agreements are administered and securely executed by ID verified, advanced e-signature, courtesy of Bonafidee.

Winner of The Financial Reporter Industry Awards for the ‘Best Unsecured Loan Lender 2017’, Shawbrook Bank carried out a thorough external procurement process to fully consider all relevant suppliers in the marketplace. Ultimately, their decision to award the business to Redline is testimony to the long-standing partnership between the bank and the Tunbridge Wells based software house.

Steve Toms, Managing Director at Redline commented, “It further illustrates the satisfaction felt by Shawbrook in terms of the levels of innovation, technical knowledge and service that we provide them with. To win the business, we had to prove our ability to respond quickly, to deliver innovative functionality against a backdrop of regulatory change, with the challenges of cybersecurity and GDPR being of critical importance to our clients”.

Widely adopted in the motor finance sector, Redline’s impressive track record includes the design and development of lending platforms for other parts of Shawbrook Bank’s consumer portfolio – home improvements, retail finance and personal loans.
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197