Aryza announced as Credit Awards 2021 finalist

Aryza has been announced, together with Hastings Direct, as a finalist at this year’s Credit Awards in the Best Use of Technology category.

It is listed within the subcategory for end-to-end credit solutions for its work on creating and running the insurer’s loan servicing and origination platform.

Aryza created a cloud-hosted digital platform for Hastings Direct that streamlines and supports the entire loan management process, including the increasing number of enquiries the insurer receives from comparison sites.

The Best Use of Technology Award is for businesses that have shown a particularly advanced use of technology that goes far beyond its typical use in the industry, and has generated concrete results.

Hosted by Credit Strategy, the Credit Awards is the most high profile and respected awards programme in the credit and financial services industry.

Colin Brown, CEO of Aryza Group, said:

“We’re so pleased to have been shortlisted as a finalist with Hastings Direct. We’re incredibly proud of this project and the work of the team across both businesses in creating and facilitating it.

“The system means that most customers are now able to receive a decision for loan approval within just a few seconds. It also allows customers to sign forms digitally, saving a huge amount of time. The whole process can be completed within minutes.

“All of this means that the systems enabled Hastings Direct to increase their conversion rate five-fold, and grow new loan volumes ten-fold – all whilst improving customer service and without having to recruit new underwriters.

“It’s a system that shows the way forward for how the insurance industry can use technology, and these awards are a wonderful recognition of that.”

The winner of the award will be announced at the Credit Awards ceremony, held on 14 December at Grosvenor House in London.