BEP Systems' new data partners to provide fully integrated decision-making for lenders

The three companies work across the fraud, open banking and conveyancing sectors and the new interfaces will allow specialist lenders to make faster and more accurate decisions from a single application input via the Apprivo2 platform. The new Application Programming Interfaces can provide fully integrated solutions for lenders in key areas of their business.

Tru Narrative will provide access to their financial crime platform to allow fraud detection, identity verification, online Know Your Customer solutions and Anti-Money Laundering compliance into a single easy-to-configure environment. With the addition of these innovative interfaces the checking and monitoring of customers becomes simple, frictionless and transparent in Apprivo2.

Openwrk technology allows customers to securely connect bank account information directly to the Apprivo2 platfom reducing the need for paper statements and self-certification. BEP will use this along with OpenWrks' data science team to build up various models to assist the underwriting of secured mortgage deals.

ULS Technology will link their advanced conveyancing system, ULS Connect, with Apprivo2 to allow several benefits to be realised through Apprivo2 for managing conveyancing. These include oversight and due diligence of the panel firms, electronic offer delivery, e-Certificates of Title and a unique solution for volume fee assisted re-mortgages.

Chris Little, managing director of BEP Systems, said:

“I’m delighted to be working with such talented technology partners, all of whom are key players in their areas of expertise. In an ever more competitive lending environment, these exciting new partnerships will give lenders further advantages when looking to improve their brand position backed by fully integrated mortgage and loan origination.

“Apprivo2 continues to have high appeal with lenders and these further inputs will provide more options in a fully customisable API.”