The Broker Hub partners with FXE Technologies
08/08/2023
The Broker Hub, the UKs newest service provider and investor platform for the brokerage industry, and FXE Technologies, Funding Xchange’s technology arm, has announced a strategic partnership aimed at driving innovation and transformation within the finance industry. This collaboration will deliver a cutting-edge solution to deliver a triage platform that enables brokers to deliver funding solutions which match their customers’ needs exactly.
FXE and their SmartFinanceHub platform enable the digitalisation of proposal submissions and information collection, reducing decisioning times and increasing approval ratios, all while confidently executing compliant broker engagement. It also provides a platform which has been built to demonstrate compliance with regulations – enabling funders to audit intermediaries more easily in line with Consumer Duty regulations.
FXE Technologies SmartFinanceHub will help to deliver for funders higher conversion ratios by eliminating proposals that don’t fit criteria, pre-assessing all proposals and improving time to decision. It will demonstrate compliant broker relationships: FCA and TCF processes can be easily demonstrated and audited by a funder. It will increase the flow of quality proposals/standardisation of documents and process.
Visibility will be provided on the flow/status of each deal in real-time and collaboration tools to ensure efficient completion. It’s a single system of broker relationships, operational control/compliance that can operate on stand-alone basis or integrate into existing broker portals developed by lenders and it will provide real time MI across broker panel via operational dashboards to assist broker reviews and auditing.
Philip White, CEO of The Broker Hub, said, “This partnership is a game-changer for our brokers, lender panel and the industry. By combining our expertise in brokerage services with FXE Technologies' cutting-edge solutions, we will empower our brokers and the lenders they interact with to maximise their success. Together, we will help to redefine the broker and funder proposal submittance experience.”
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