Lease and loan cloud solutions provider LTi Technology Solutions (LTi) has signed a “transformative” partnership with Propel, one of the UK’s largest independent finance houses, for the effective deployment and adoption of fintech innovation to transform the customer experience.
Propel, which has a 25-year track record in supporting over 40,000 customers to obtain asset finance, has selected LTi as a key technology partner to sit alongside the development of its disruptive ‘Propeller’ web app. The app offers a frictionless and automated end-to-end digital journey, harnessing the power of ASPIRE – LTi’s complete lifecycle management platform to complete the journey.
Anne Williams, COO of Propel, said: “LTi has worked with us collaboratively throughout the entire Propeller journey, helping us create and customise a smooth and seamless customer experience that is truly best-in-class. We are delighted to have selected ASPIRE’s servicing portfolio management system to streamline the transaction lifecycle, scale our business, and continue to put our customers first.”
Recently, Barclays Business Banking announced its partnership with Propel to offer equipment and vehicle finance to one million of their SME customers via the Propeller technology platform. Propel has also announced a new strategic partnership with Azets – the top ten UK accounting, tax, and business advisory firm and the largest SME regional practice across Europe - providing an opportunity for thousands more UK SMEs who previously found it onerous to raise the funding to acquire the assets they need to grow.
Propel was recently nominated as a finalist in the UK FinTech Awards 2021 within the “LendTech of the Year Award” category for the company’s asset finance platform. This award highlights businesses in the industry that have pioneered digital lending platforms for the UK market.
Robert Taylor, UK Country Manager of LTi, commented: “We’ve spent 32 years building out a feature-rich platform that is individually configurable for all our customers. With Propel’s aspirations of building a true end-to-end platform, ASPIRE’s customisable functionality
showcased how seamlessly it configured to Propeller’s origination system. With ASPIRE, transformative results were achieved in months, rather than years for Propel and its customers.”
LTi Technology Solutions delivers a full lifecycle leasing and loan finance platform to equipment and asset-based finance companies, captives, small ticket, middle market, and independent banks throughout the US UK, and Canada.