IT services provider Niu Solutions has partnered with Virgin Money to further enhance the lender's intermediary mortgage portal.
Virgin Money selected Niu Solutions to support its plans for digital transformation in response to the changing needs of its intermediary clients.
The project saw Virgin Money develop its mortgage lab, which aims to innovate and make the mortgage application process more efficient.
Niu Solutions virtualised the current Virgin Money Online (VMO) mortgage application and created the Virgin Money Intermediary Portal (VMIP).
This allows Virgin Money's intermediary clients to quickly and easily access the portal via any web browser, on any device.
The optimised portal also enables clients to make decisions on borrowing more quickly and efficiently than before.
Peter Gee, managing director at Niu Solutions (pictured above), said: “Virgin Money's aim of delivering a competitive proposition for intermediaries and improving the quality of its service to its customers, is underpinned by its adoption of innovative technology.
“Virgin's collaborative approach has allowed us to offer our expertise and support its digitalisation plans from start to finish.
“We are extremely pleased to have helped Virgin Money harness the power of technology, and to have launched its portal as fast as possible, with no interruption to the day-to-day work of mortgage intermediaries.”
[caption id="attachment_1394" align="alignnone" width="400"] Peter Rogerson director of mortgages at Virgin Money[/caption]
Peter Rogerson, director of mortgages at Virgin Money (pictured above), added: “Promoting the importance of advisers, championing the cause of intermediaries and building strong relationships with partners are all key components of Virgin Money's mortgage proposition.
“Niu was able to create a place where intermediaries can carry out their core work simply and easily, on the go, and with the support and functionality they needed.”
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...