Metro Bank are planning a digital asset finance platform that will allow customers to access asset finance online.
Developed in association with software developer Cassiopae, the platform will host the bank’s direct offering as well as a recourse to the broker channel, said Metro Bank head of asset finance Nathan Mollett.
“We are investing in a new asset finance platform that will have customer-facing and introducer-facing points of sale. It will be an online platform where clients can come and access direct finance offers and also interact with brokers,” Mollett said.
The rollout date has not yet been confirmed as the site is under testing, but when launched the site will allow the bank to respond to leads as and when they are delivered.
“We don't have a firm go-live date with it yet, it's under testing, but it's mid-office and back-office for us because we've outgrown our legacy system,” said Mollett.
“It's also extending the points of sale, so it's a type of one-stop shop.”
Metro Bank is joining other leasing businesses in the UK offering online platforms.
In April 2016, broker-funder LDF launched its site lendinghive, while this year Adam Tyler launched his SME-focused asset finance platform, FinancemyBusinessonline.co.uk, and Midlands Asset Finance launched their online offering, assetfinancecompared.co.uk.
Last year Leasing Life spoke to several third party sites who were working on price-comparison style D2C sites.
You can read more next month from the interview with Nathan Mollett in March's Leasing Life