The communication pathways between broker and funder have often been inadequate. That's why AccountScore and QV Systems (was Quotevine) have partnered to create a straight-through process for proposals that enables a standalone communication channel for brokers and funders.
With this innovative partnership Brokers are able to submit a deal with an AccountScore PDF or Token directly to their chosen funder. The funder can then review the deal ‘on system’, reply directly to the broker, and download the AccountScore report as needed. All this can be achieved without an expensive integration or time consuming training.
Created by AccountScore, the UK’s leading Open Banking data and analytics provider, and QV systems, the UK based Fintech- this partnership builds on their Quickstart Asset Finance Package, launched in June 2020 as a response to the lengthy wait times SMEs were experiencing in accessing COVID-19 related finance. Realising asset finance brokers were in a prime position to help distribute vital loans to the UK’s small and medium sized businesses, Quickstart provides brokers with an innovative suite of tools, including E-Sign, Quotation Documents and Proposals, to help them process large amounts of loan applications, while managing risk.
The new innovative partnership will allow easy two-way communication between broker and funder, complete with secure implementation, vastly improving the connectivity between broker, funder and customer. This will allow brokers to reduce their administrative burden, allow funders to make better Open Banking decisions and ultimately, provide a market leading experience for customers.