Alpha Asset Finance partners with Nivo to launch ID verification app
Alpha Asset Finance is partnering with fintech firm Nivo to enhance its application process and combat rising fraud in the specialist finance sector.
"We will be exploring other ways Nivo’s innovative technology can supercharge the way we do business with features such as secure instant messaging and secure document and data transfer"
Alpha has launched a fully branded mobile app powered by Nivo technology which enables customers to complete biometric ID verification via their mobile device in just a few minutes. The system is integrated with Alpha’s ACE portal making the application journey faster, safer and smoother for customers, brokers, suppliers and lenders.
Alpha are the first asset finance brokers to fully onboard Nivo into their core systems.
Brad O’Hara, managing director of Alpha Asset Finance, said: “We approached Nivo to form a partnership using Nivo’s tech and Alpha’s ACE platform to help in the fight against fraud within the asset finance industry and create a quick and efficient customer experience. We are proud to be the UK’s first asset finance broker to integrate core systems with Nivo as a standard working practice in the fight against fraud and this is just the beginning. We will be exploring other ways Nivo’s innovative technology can supercharge the way we do business with features such as secure instant messaging and secure document and data transfer with the Alpha branded app at the centre. Customers increasingly expect slick and intuitive mobile experiences and will deal with companies which make their experiences easier, faster and more secure. Alpha is leading the way yet again!”
Matthew Elliott, CDO and co-founder of Nivo, said: “Alpha have been brilliant to work with, placing a real focus on making customers’ lives easier and keeping them safe in the face of rising cybercrime. We were live within a month, with a branded mobile app and systems integration – that is incredibly fast – and we’re already working together on our exciting next developments and are particularly excited about the opportunity to share ID results with lenders to streamline that side of the process too. Watch this space for more announcements!
“Nivo has been adopted by many specialist leaders in the mortgage and commercial sectors including Ultimate Finance, United Trust Bank and Together Money, all of which recognised and embraced the way Nivo can transform their customers’ experiences, increase efficiency and improve security. We are excited about the opportunities presented by the asset finance sector and the growing number of businesses we’re talking to who want to provide the kind of experience their customers now expect and the levels of security the market now demands.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
State Pension
Budget: Government signals income tax write off for state pensions exceeding personal allowance
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
State Pension
Budget: Government signals income tax write off for state pensions exceeding personal allowance
FCA
FCA announces new measures to support growth of mutuals sector
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls