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UK peer-to-peer (P2P) lending and investment platform Assetz Capital has agreed a 200m funding partnership with Aeon Investments.
Assetz secures 200m funding partnership to roll out RiskNarrative platform
Over the next three years, Aeon will pour cash into SME loans arranged by Assetz Capital.
Assetz Capital CEO Stuart Law said:
The funding will allow Assetz Capital to continue diversifying its commercial mortgage lending business, offering up to 10m worth of mortgages on commercial investment properties.
Aeon Investments CEO Oumar Diallo added:
Assetz Capital has also partnered with LexisNexis Risk Solutions to deploy regtech’s RiskNarrative platform across its operations.
The platform leverages automation, artificial intelligence, and machine learning (AI/ML) to provide Know Your Customer (KYC) and Anti-Money Laundering (AML) capabilities.
RiskNarrative will enable Assetz Capital to leverage an aggregated data source to perform KYC and AML checks and onboard users more efficiently.
Oliver Ward, Head of Change and Loan Operations at Assetz Capital Group, said the platform has reduced the time from application to customer funding thanks to “improved operations and productivity.” .
