About our client:
Launched in 2005, Nemo Personal Finance is part of Principality
Building Society Group. Nemo's approach was simple. Its aim was to
unravel the complications of personal finance and to provide
homeowner loans that fit individual needs and lifestyles. The
business continues to grow today and has become a major UK secured
loan lender.
The challenge: Nemo
had ambitious plans to quickly grow its secured loan portfolio. Its
specific business requirements included:
-
A quick and efficient entry into the
market.
-
To develop broker relationships -
Nemo wanted to provide a great service to their broker network and
building strong links from the start. It needed streamlined
processes in place so that large volumes of business could be
submitted to its lender operation quickly.
-
An outsourced IT solution - The
management team saw significant benefits in outsourcing the
management of its core business applications.
- Compliance - Managing current and future regulatory
requirements is an essential part of the IT strategy. The loan
software needed to be flexible enough to adapt to any new changes
introduced by the regulatory bodies.
The Target solution: Target's experience in
working with start-up financial services companies meant that it
could provide Nemo with a market leading, industry- specific loan
administration system from the start...
To read more about the solution
Target delivered and its results download the .pdf below.