Growcap signs AMP Credit Technologies to new service

hunt peter

Industry consultant Growcap has launched a new ‘partner services’ proposition and secured its first customer.

Growcap provides sector expertise, analytical insight and delivery skills that drive strategic change programmes and new concept commercialisation for finance, technology and data providers.

Research showed that often the leaders in technology and data services aren’t experts in SME lending, yet their products and services have the potential to transform how SME lenders operate, opening up new market opportunities and delivering improved profitability.

To meet this need, Growcap has launched a range of market development services with a view to working with a small group of niche data and technology providers looking to grow their UK market presence.

The first to take up the new service is AMP Credit Technologies, a financial technology company focused on highly-automated lending solutions for banks and other financial institutions that offer credit to small businesses.

Thomas DeLuca, CEO of AMP, said: “Growcap display a hands-on understanding of how our technology adds value to clients at a very practical level, where real business benefits can be demonstrated.

“Working with Growcap gives us a great opportunity to grow our UK market presence”.

Through its modular system called CAIROS, AMP offers SME lenders a flexible end-to-end operating platform, which can integrate specific service improvements and cost saving technologies into existing systems and processes.

Peter Hunt, founder of Growcap, has more than 20 years of experience in the finance markets, including Investec, Asset Finance Group and RBS Business and Commercial Banking, while he is also a founder of consulting firm Invigors.

He said: “A CAIROS implementation offers clear service improvements, efficiency gains and an early payback for SME lenders. In price-driven markets it offers a competitive edge.

“A key benefit is that lenders can keep their existing systems but still benefit from advanced digital technologies.”