| Ridgian utilise the Cast Iron Integration Appliance to give leading Consumer Loans company a competitive advantage Ridgian were selected recently to help Everyday Loans implement a loans application portal to enable them to recieve applications in more effective manner to their competitors. About Everyday Loans Everyday Loans was established in 2006 and is the name behind a new, straightforward way for individuals to borrow money in the UK. Everyday pride themselves on being an independent lender and not just another call centre. Loans are finalised for new customers with an appointment, arranged locally, face-to-face. Everyday Loans market direct to the public and handle referral business from brokers. Funded by venture capital, their independence means they can genuinely offer a case-by-case approach. This, in certain cases, means they can be more flexible deciding when, and how much, they lend.
http://www.everyday-loans.co.uk/
| | 
"In previous finance companies of similar nature, getting an interface developed to enable us to receive loan applications took up to 3 months to develop, workin with Ridgian and utilising the Cast Iron Integration Appliance has enabled us to sign up more Brokers and get into a revenue generating position far quicker" commented Phil Cooper, IT Manager, Everyday Loans.
Business Challenge
Everyday Loans had the challenge of needing to receive turn down loan applications from many different prime lenders/brokers. In most cases each supplier would have different IT systems and data platforms and Everyday Loans did not want to have to task the supplier with a schedule of work required to communicate. Get the face to face nature of the business, another challenge was enabling the Lender/Broker to book appointments in the appropriate Branch for the loans applications passed to them. The solution/technology Ridgian installed a Cast Iron Integration Appliance into the Everyday Loan’s Data Centre to enable all of their external lenders/brokers to pass loans applications in whichever format was convenient for the supplier i.e. XML Feed, Excel spreadsheet, CSV file, HTTPS. Using the Cast Iron technology enabled us to build the interface for each new supplier in less than 2 days giving Everyday an advantage in their market and enabling revenue generation to start quicker than ever. |