Credit, Collections & Insolvency News
A new collaboration between Rural Finance, Sopra Banking Software and BNP Paribas Leasing Solutions has created a new immediate financial approvals process.
The solution developed is an API interface between Sopra Financing Platform’s Sprint broker platform used by Rural Finance and the existing BNP Paribas Leasing Solutions’ technology, also designed by Sopra Banking Software. Rural Finance can now provide auto-approvals to their many customers in the rural community; they, their customers and BNP Paribas have benefitted from the removal of significant levels of re-work that was part of the previous financing proposal process.
Rural Finance Director, Rex Tattersall said “As the largest specialist agricultural finance brokering network across the UK, our success relies upon personal service. We aim to be easy to work with, combining empathy with the distinctive requirements of our customers in the rural community, with speed and an understanding of their financial needs. Agriculture is a fast-moving industry, and the capacity to match our financing approach to this and at the same time make accessing finance quicker and easier is a positive outcome for everyone.”
Tim Pulleyn, Head of Partner Sales at BNP Paribas Leasing Solutions, said “We are delighted to have partnered with Sopra Banking Software and successfully delivered this solution for Rural Finance. This project is a great example of the importance we place on listening and responding to the business needs of our partners to help support them in achieving their commercial objectives – performance through partnership. The speed and efficiency delivered by the API interface benefits everyone in shortening the critical timeframe of proposal to credit decision and, crucially, enables our partner to provide an optimal service to the end customer. We look forward to rolling out the solution to our wider partner network.”
Hugh Mahony, Business Development Manager at Sopra Banking Software, said “As a business, we have an established reputation for our agility in delivering targeted software solutions for the financial service community based on our configurable and composable cloud-based platforms. This new API is a case in point, delivering innovation for a specialist marketplace that is elegantly simple. It is the type of challenge in which we specialise, and it has been a pleasure to help Rural Finance and BNP Paribas once again.”
