Principality Building Society has reduced reconciliation time by 25% after partnering with Aurum Solutions to streamline financial operations across its 20 accounts.

The building society, which has been helping people save and buy homes for more than 165 years, previously relied on manual spreadsheet reconciliation, an effective but time-consuming process for the finance team to continue. As transaction volumes increased, the team identified a need to improve the efficiency, control and scalability of the process.

Aurum Solutions worked closely with Principality to deliver a tailored solution that met the organisation’s operational and security requirements. Aurum was selected as the preferred partner as Principality sought a platform where reconciliation sat at the core of operations, rather than as an add-on feature.

Rosemount Financial Solutions (IFA) has launched a new AI tool to help speed up financial promotion approvals for adviser members by quickly assessing content against FCA rules.

Promotions are submitted via the adviser portal, and then analysed by Rosemount’s newly-developed AI tool, with any potential issues or missing information flagged for advisers. The new tool includes a dashboard, allowing advisers to monitor how their prospective financial promotions are moving through the approval process.

Recognise Bank has completed a £1,505,000 bridging loan to support the acquisition of a commercial investment property in Canterbury, Kent.

The borrower is an experienced developer with a track record across ground-up schemes and heavy refurbishments, including the conversion of commercial assets into mixed-use and residential properties.

The facility was introduced by Kipp Noble at Commercial Finance Brokers and structured as a 15-month bridging loan at 68.41% loan-to-value.

InterBay has refreshed its commercial proposition, introducing a series of pricing and product enhancements designed to give brokers greater flexibility when structuring deals for their clients.

The updates are designed to deliver tangible benefits for brokers, particularly through improved pricing and greater case flexibility.

Key changes include: rates reduced across the owner-occupier range by up to 40bps, strengthening competitiveness in a key segment of the market; more competitive pricing for larger loans, with lower rates available for borrowing above £2.5m; improved price positioning at lower loan-to-value tiers, reinforcing InterBay’s ability to support a range of client profiles and risk appetites; EPC-related restrictions removed from the commercial offering, simplifying the structure and making it easier to progress cases across a wider range of property types.

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