How they describe themselves: Nostrum provides technology to make lending cheaper, faster, and safer. Our technology is used by an increasing number of high profile lenders to make faster, more informed credit decisions, reducing their credit defaults and facilitating cheaper credit. High level of customer self service and automation reduce lender operating costs and interest rates whilst also providing exemplary customer service. Emerging regulatory requirements focus on transparency and treating customers fairly – these principles are embedded within our software. The software is provided on a fully managed SaaS basis through dual secure, high availability data centres.
How they describe their product/innovation: The provision of lending is an inefficient process for both lender and customer. Our research shows that consumers want the ability to service their own accounts where and when they want.
Nostrum is launching the next iteration of its core lending system to satisfy this requirement and lead the market, fitting with our core strategy of making lending cheaper, faster, and safer, reducing operational costs for lenders whilst also providing the required level of support 24*7 when traditional call centres would not be available, allowing consumers to get information immediately whenever they want and, critically, though a secure channel.
Product distribution strategy: Direct to Business (B2B)
Bus. Dev.: Richard Carter, CEO, firstname.lastname@example.org
Press: Julian Wells, Head of Marketing, email@example.com
Sales: Richard Sunman, Head of Commercial, firstname.lastname@example.org