FTSE-listed fintech firm acquires Harrogate software provider Nostrum Group

Equiniti Group plc, the FTSE-listed fintech and regulatory services business, has announced the acquisition of Harrogate-based Nostrum Group Limited.

Nostrum provides end-to-end loan management software that helps banks, finance companies and retail brands provide credit solutions to their customers.

The company delivers services that support the whole lifecycle of lenders’ operations from front-end lead generation and application processing through to customer servicing.

Equiniti’s position in the lending sector has been strengthened following the acquisition. The group is now able to build on the technology platforms of Pancredit and the loan, mortgage and insurance servicing permissions of Equiniti Gateway.

Equiniti’s capabilities are now united under the newly formed Equiniti Credit Services brand.

Guy Wakeley, chief executive of Equiniti, said: “We are delighted to announce the acquisition of Nostrum which consolidates Equiniti’s capabilities in the loan sector.

“The integration of Nostrum will provide greater depth, scale and capability in a dynamic growth market, whilst also providing the platform for a range of new products and services.

“The business is aligned with the Group strategy of providing regulatory-driven, technology-enabled services, and will contribute to organic growth.”

“I am pleased to welcome Richard Carter, Nostrum’s current Chief Executive, as Managing Director of the newly formed Equiniti Credit Services business.”

Richard Carter added: “Our acquisition by Equiniti and the launch of Equiniti Credit Services represents the next chapter in the development of our business.

“We are bringing together the best of Equiniti’s rich feature set and Nostrum’s agility. Our solutions and shared heritage will allow us to realise our combined strategic ambition.”

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