Nodifi announces new fixed rate asset finance platform

Asset finance technology and services provider, Nodifi, has released an update to its asset  finance platform, providing brokers with set fixed rates for all consumer lender products.  

Nodifi says the new addition supports brokers to navigate BID regulations, reinstating  confidence whilst remunerating brokers for consumer asset finance deals. 

Tom Caesar, Nodifi chief executive officer, says the decision to provide set rates across all  consumer lender products, provides brokers the confidence to offer consumer asset finance,  something that has fallen away since the start of the year.  

“We understand the role that brokers play to their respective clients, which is why we have  delivered a solution that allows brokers to continue to provide that valuable service, whilst being  adequately remunerated for their work. 

“The general sentiment in our conversations with the wider broker community, is that of  hesitation to assist clients with consumer asset finance. That scenario is not in the best interest  of consumers which is why we want to make a difference - the set rates solution will go a long  way in rectifying that sentiment, which will be beneficial for all involved. 

“Whilst we continue to see strong growth in the commercial sector, the platform remains  unchanged for commercial transactions due to having minimal impact from BID.” 

The set rates addition follows a raft of platform updates since last December, all of which have  been introduced to support brokers navigate BID. 

However, the fintech has revealed further plans to bolster its offering, with a new suite of  products recently launched to a select group of brokers, with a plan to launch to market in the  coming month. 

Nodifi says the products - which includes a loan origination platform - will still have the features  partners know and love, however, will deliver more streamlined and efficient processes. 

Furthermore, it says the real game changer comes from its new software as a service solution,  providing brokers, aggregators, and the wider industry with the ability to create white label  platforms and customer experience workflows. 

More to come.

About Nodifi 

Nodifi is one of Australia’s leading technology and services providers for asset finance, enabling brokers and  dealerships to offer a broader range of financial services. 

Nodifi supports partners to increase profitability and streamline processes, by delivering bespoke asset finance  solutions. These include aggregation, loan origination, credit support, marketing and lead generation, plus a suite of software as a service (SaaS) solutions. 

Founded in 2017, Nodifi now boasts over 1,000 users, generating over $1 billion in loan applications.