
The Financial Intermediary & Broker Association (FIBA) has announced that its upcoming regional workshops will give brokers the chance to interact with partner lenders in a live deal room.
The FIBA regional workshop programme begins next month with events taking place in Manchester (10th April), Leicester (11th April) and north London (12th April).
The live deal room will allow brokers to pitch real cases to individual lender partner panel members and obtain a view as if from a credit committee, leading to a discussion on the broker requirements, what challenges the deal presents and finding the best route to drawdown.
Meanwhile, lenders will be able to demonstrate what kind of cases work for them and provide guidance on the best way to present a case.
They will also be able to give insight into different funding model appetites and constraints, and offer an understanding of the risk curve and how to manage expectations.
Adam Tyler, executive chairman of FIBA (pictured above), said it was pioneering a new approach to broker workshops through these events by bringing lenders and intermediaries into a much closer and collaborative relationship.
“The FIBA live deal room will enable participating brokers to pitch deals directly to decision makers and see in real time how they reach decisions and the factors they take into account.
“In order to make the session more interactive, we are considering an opportunity where deal particulars become available and put on a screen in real time.
“Much has been said about the importance of making sure that communication between lenders and brokers is improved.
“Part of our mission at FIBA is to ensure that our members have access to the best that lenders have to offer, which is why we are organising events like this, to manage expectations and educate all participants in a way that leads to closer ties and better business outcomes.”
To find out more about FIBA's regional workshops and to register for the events visit the Association's website.
-
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...