Fintech and regulatory services business Equiniti Group PLC has acquired loan management technology firm Nostrum Group Limited.

This purchase strengthens Equiniti’s position in the lending sector, while consolidating the process of providing technology-enabled loan and mortgage solutions to meet the requirements of the fast-moving marketplace.

Nostrum Group provides disruptive, automated loan management software, which makes lending cheaper, faster and safer.

The lending sector is currently undergoing unprecedented change as consumers demand greater digital engagement from their finance providers.

Equiniti’s capabilities are now united under the Equiniti Credit Services brand, which will accelerate product development to meet the growing market opportunity.

Guy Wakely, chief executive of Equiniti (pictured above), said: “We are delighted to announce the acquisition of Nostrum, which consolidates Equiniti’s capabilities in the loan sector.

“The integration of Nostrum will provide greater depth, scale and capability in a dynamic growth market, while also providing the platform for a range of new products and services.

“I am pleased to welcome Richard Carter, Nostrum’s current chief executive, as managing director of the newly formed Equiniti Credit Services business.”
 
Richard said: “Our acquisition by Equiniti and the launch of Equiniti Credit Services represents the next chapter in the development of our business.

“We are bringing together the best of Equiniti’s rich feature set and Nostrum’s agility.

“Our solutions and shared heritage will allow us to realise our combined strategic ambition.”