Nostrum Group Acquired by Equiniti Group

Just a few days after Vantiv and Worldpay made merger and acquisitions headlines in the payments world, here come Equiniti and Nostrum Group with some M&A news of their own in the lending space. Announced today, Equiniti has agreed to acquire Nostrum Group in a deal that will boost Equiniti’s ability to provide technology-enabled lending solutions. Equiniti CEO Guy Wakeley said “The integration of Nostrum will provide greater depth, scale and capability in a dynamic growth market, whilst also providing the platform for a range of new products and services.”

Calling the acquisition “the next chapter in the development of our businesses,” Nostrum Group CEO Richard Carter described the combined entity as a blend of “Equiniti’s rich feature set and Nostrum’s agility.” Carter will stay on as Managing Director of the newly-formed Equiniti Credit Services brand.

Pictured: Nostrum Group CEO Richard Carter demonstrating the company’s Digital Lending Platform at FinovateEurope 2016.

Nostrum Group specializes in automated digital loan management software for banks and finance companies. The company’s technology provides solutions for every step of the process from originations (including application capture, processing, documentation, underwriting, and completion), servicing (including payment processing, document management, and reporting), and collections (including profiling and segmentation; payment and arrangements; work prioritization and automation; and third party management). More than focusing on acquiring new customers, Nostrum Group also offers tools lenders can use to retain their existing customers, as well. As Carter explained from the Finovate stage last year, Nostrum Group offers lenders the technology “to facilitate the production of appropriate offers that are tailored to those customers and then delivered to them.”

Headquartered in Harrogate, North Yorkshire, U.K. and founded in 2001, Nostrum Gr0up demonstrated its Digital Lending Platform at FinovateEurope 2016. Later that year, the company’s CTO Alex Stephen, Head of PMO Tom Martin, and Head of Software Development Simon Quin presented the “Nostrum Loan Engine API” at our developer’s conference in New York. This year, CEO Carter was named to the Maserati 100, a roster of top British entrepreneurs from high-end carmaker, Maserati, and The Sunday Times.

Technology services provider Equiniti was founded in 2009. Many of the largest pension schemes in the U.K., and 70% of the FTSE 100, use Equiniti services to manage share registration and related investors services. The company is listed on the London Stock Exchange under the symbol, “EQN,” and has a market capitalization of £750 million ($972 million).

 

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  • Nostrum Group Acquired by Equiniti Group

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today.

Developer news

The latest from upcoming FinDEVr New York 2015 presenters

  • PayStand to power new online payments service from ONE UP.
  • Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace.

Alumni updates

  • PYMNTS reports: Worldpay transactions up 14% post-IPO.
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  • CardFlight integrates with Stripe to encourage developers to build EMV payment functionality within their mobile apps.
  • Xero extends partnership with MidPoint to make cross-border procurement easier.
  • Personal Capital exceeds $2 billion AUM.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

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On FinDEVr.com

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  • Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace. Join Xignite at FinDEVr 2016 in New York, March 29 and 30.
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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateEurope Sneak Peek: Nostrum Group

NostrumGroupHomepage

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Register today.

 

Nostrum provides innovative automated loan-management software, working across a number of different consumer and commercial finance products, throughout the life cycle of a lender’s operations.

Features of Nostrum’s loan-management software:

  • Cheaper—customer self-service and automation reduces lenders’ operating costs
  • Faster—facilitating rapid introductions of new lending products
  • Safer—hosted in dual, high-availability data centers

Why it’s great
The Nostrum solution will dramatically improve lender profitability and increase customer loyalty and retention.

NostrumPresenter1Presenters

Richard Carter, Chief Executive
As CEO of Nostrum, Carter is passionate about pioneering technology. With more than 25 years of direct financial services experience, he is a respected thought-leader in the fintech industry.
LinkedIn

NostrumGrouppresenter3Tom Martin, Head of PMO
As Nostrum’s Head of Project Management, Martin is responsible for innovation and change delivery throughout the company to support its strategic goals.
LinkedIn

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This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

 

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

 

 

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  • Nostrum Group urges personalization in digital lending in new report on digital finance. See Nostrum at FinovateEurope 2016 in February.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.