Knowledge Bank teams up with FIBA to offer criteria search system access

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UK-based Knowledge Bank today partnered with the Financial Intermediary and Broker Association (FIBA) in a bid to offer its criteria search system to the latter’s members. The collaboration is expected to equip FIBA members with the ability to search a range of both specialist and mainstream lenders’ criteria.

Nicola Firth, CEO of Knowledge Bank, commented, “FIBA’s aim is to support financial intermediaries and deliver excellent products and services to their clients, which fits perfectly with our ethos. With the increase in specialist lending, Knowledge Bank is essential for brokers to see exactly which lenders will accept their cases. The searches take seconds and will help them to place more complex cases as well as their mainstream ones. We look forward to supporting FIBA members to continue to deliver excellence for their clients.”

Knowledge Bank is expected to offer FIBA members with the ability to search specialist finance criteria and provide them with insights into lenders’ criteria. The Bank also offers a snapshot of the products available for each client at that particular point in time, based on criteria. This contains details of both the client and the broker; it will be time and date stamped and can be imported straight into the broker’s CRM system.

Adam Tyler, executive chairman of FIBA, said, “Staying up-to-date on lending criteria is crucial for brokers and so we have partnered with Knowledge Bank as it has the most extensive range of criteria in the market and allows unlimited criteria to be searched at any time. We are strong admirers of the work undertaken by their award-winning team, and we know that together we can provide an indispensable service to all of our broker members, our lender partners and, most importantly of all, their clients.”

“This is the latest announcement in our plan to execute the rollout of a number of services and benefits for members and we will add more partnerships in the future.”