9 March 2006

Platform enhances online solution for packagers
- XML technology used to integrate systems with selected packagers

Platform, the intermediary lender of Britannia, is integrating its online clickdecision tool with a number of selected packagers’ internal systems using XML technology *. This move will enable them to use Platform’s award winning decision tool in conjunction with their own bespoke technology to create greater efficiencies and save hours of labour.

Platform’s innovative move gives the lender a technological lead in the specialist mortgage sector by providing an improved service to a number of packaging relationships. Ultimately, this functionality will benefit the broker who will receive a binding decision from Platform either via the lender’s website, or via the selected packager partners.

Over the next few weeks, more packagers will be included in this initiative and further plans are being developed to increase the functionality offered, for example linking in Platform’s online application system, which will be launched later this year.

Jim Hunter, Head of Ecommerce for Platform, said:
“The integration of clickdecision with packagers is a major step forward for Ecommerce in the specialist lending market. With the rise in use of online decision tools, such as clickdecision, the use of XML technology is the next step to enable integration with our packaging partners.  By reducing the need to double-key client data, this new functionality significantly enhances our service proposition and further demonstrates Platform’s commitment to the packaging sector.”

Harpal Singh, Operations Director, Optoma Broker Solutions said:
“This is great support from Platform. Integrating with Platform’s clickdecision is fantastic as it reduces the time for Optoma to process Platform cases. This enhances our packaging proposition for the intermediary. Not only do we have superb Platform exclusives, and underwriters on site, but now the speed to offer will be even faster.”

Simon Mouncher, Operations Director, em-financial said:
“We are delighted to be able to integrate our sourcing and decisioning systems with Platform's clickdecision.  This represents a significant enhancement to the em-homeloans operation and in turn enables us to service our own clients even faster.”

Andy Brown, Partner, The Finance Centre, said:
“This use of technology is a huge benefit to TFC as we can now get binding clickdecisions from Platform straight into our systems within seconds without the need to re-key any data. We're really pleased to be working so closely with Platform to streamline our service even further. TFC has invested significant resource in order to achieve our aim of having an offering based on a full online IT platform and this is another step towards achieving that aim.”

* XML is an Internet based language that provides more flexibility than simple HTML.  It is fast becoming the standard for integration between systems to enhance online distribution relationships.  Platform is a sponsor of the Origo Standards initiative which also supports XML.

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