Compliance and regulatory obligations can be met more efficiently and cost-effectively using a comprehensive solution designed for the lending industry.
In an environment where margins are increasingly squeezed, you need to reduce your cost to deliver, while increasing capacity, without risk to performance quality.
As regulatory and compliance obligations increase, so does the cost of meeting them. It can be challenging for your existing staff to handle the workload, but expensive to take on and maintain a larger team.
Loanworks’ compliance solution for aggregators takes into account your need to get the job done in a cost-effective way, while maintaining control over the quality of your process.
How? It’s a hybrid solution. You already have processes and systems in place that are used by your existing compliance team. We have the skilled and qualified people to support them, so they can be more efficient and productive.
Our tailored solution finds the combination that works for your business right now.
Conducting reviews of credit applications submitted by accredited credit representatives and licensees
Conducting reviews of policies, accreditations, licenses and memberships held by accredited credit licensee businesses
Reporting on compliance audits/reviews
Assessing customer experience
Unlike other outsourcing solutions, with Loanworks you retain control over both quality and cost. How much you outsource is up to you.
We’ve been in the lending industry for more than 30 years, and in that time we’ve worked with hundreds of Australian businesses to meet their compliance obligations in a way that works within their risk profiles. We know that every business is different.
That’s why our experienced analysts will perform a needs assessment and advise on the most effective combination to suit your particular requirements. We’ll work with you to customise a solution that works specifically for you.
Outsourcing to our compliance admin staff will save you up to 60% on what it would cost you to engage the same level of assistance at home, or set up your own overseas business processing operation.
Your offshore team will operate wholly within your systems and your processes, so there are no costs associated with data or system integration.
And because our solution is tailored, pricing structure depends on you. We can charge transactionally, for fixed full-time employees (FTE), or for a turnkey solution – whatever works best for your business.
Over the years, Loanworks has invested an enormous amount in our Manila team, recruiting, training and retaining the very best.
Our compliance team undergos specialised training in support of compliance processes, systems and business rules, and have a thorough understanding of the National Credit Act, responsible lending obligations and ASIC review recommendations.
The Loanworks solution works because we customise it to suit you. And because it’s scalable, it will grow with your business. We’ll ask the right questions to find out what your needs are, and bring our extensive experience and knowledge to bear on working out how best to meet them.
Whatever the right combination is, you can rest assured that it will be comprehensive, cost-effective, and meet the highest performance standards.
Please call Andrew Duerden, our Director, Business Services, on +61 403 048 757 to discuss your compliance requirements. Andrew has worked on designing and delivering customised solutions for many clients, and has the expertise, creativity and commitment to find the right one for your aggregator business.