Finsure partners with illion Open Data Solutions

Finsure Group has partnered with data and analytics provider illion Open Data Solutions (parent company of BankStatements.com.au) to integrate BankStatements within its customer relationship management (CRM) platform, Infynity.

According to Finsure general manager, aggregation, Simon Bednar, the partnership would make it easier for brokers to integrate the BankStatements platform into their offering to customers, which he said could result in cost savings for brokers, faster loan approvals, and the potential to reduce the possibility of fraud.

“The solution will also increase conversions and lower the risk of brokers having their loans churned by reducing the need for a customer to go into their bank branch. It also protects a broker’s business by using robust data for their product recommendations,” Mr Bednar said.

He added that BankStatements will be integrated into the Infynity app store.

“BankStatements is a technology platform that focuses on reducing friction for consumers and businesses who are using the internet,” Mr Bednar said.

“The platform retrieves a customer’s bank statement data from lenders and banks and sends it directly to the broker. This means brokers don’t have to wait days for their customers to find their bank statements to scan and email to a broker.

“It enables brokers to receive statements instantly and get loans approved much quicker because there is less paperwork and fuss.”

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Source: Finsure partners with illion Open Data Solutions – The Adviser