Credit, Collections & Insolvency News
Flexible financial software specialist Aryza has announced the launch of the Aryza Lending Division.
The new division will comprise of Aryza Sentinel, Aryza Journeyman and Aryza Loan Origination. The company says that the new division has been developed to meet the varied needs of the instalment credit industry. Aryza Sentinel platform boasts a modular design that allows customers to create the right solution for their specific business requirements. Made up of several core modules, the system can take the end customers from an initial application, through the underwriting, agreement execution, collections, arrears management and eventual settlement process.
Aryza Journeyman currently supports over 100 companies, from small owner-operated businesses through to larger regional lenders. Developed exclusively for the home collected credit market, Journeyman provides add-on modules for agents in the field, including an Android App that supports both loan origination and collections activities, as well as optional messaging and document management to drive efficiencies.
The Aryza Loan Origination software offers a secure, cloud-hosted lending platform to automate the loan origination process, transforming the application process for the end-user offering a simple, fully digital and entirely automated journey.
Commenting on the launch, Paul O’Sullivan, Aryza Lending Division CEO, said “The launch of the Aryza Lending Division is an exciting move and one that signifies our impressive growth over recent months. The lending division platforms, which all have full FCA-approval, have proven to improve operational efficiency, offering more streamlined customer journeys by removing many of the barriers that might previously have prevented or delayed successful applications.”
Commenting on the announcement, Colin Brown, CEO at Aryza, said: “Today’s announcement is another exciting step for Aryza, as we continue to expand into new markets and develop our product offerings. I am confident that the launch of the Lending Division will lead to enhanced opportunities for our customers, many of which operate within the lending and credit space.”