AIR Group has announced the full API integration between its platform, Air Sourcing, and criteria search provider, Knowledge Bank.

The retirement specialists said the new strategic alliance between the two systems will provide users with a range of new benefits to allow advisers access to a fully comprehensive product and criteria search for all later-life options.

With the new partnership, users will be able to benefit from seamless data entry flowing between both systems – and will also allow advisers to check all later-life lenders’ criteria before moving into product sourcing, or alternatively, allowing product sourcing which can then be checked to see if the criteria matches.

AIR Group CEO, Stuart Wilson commented: “This is one of the most significant announcements and agreements in the later-life lending sector as it indicates the joint ambition of both firms to deliver the very best tools and technology integration on an exclusive basis.

“We are incredibly excited to be working with the multi-award-winning team at Knowledge Bank, led by Nicola. Air Group has spent many weeks ensuring that this launch brings a huge variety of benefits to our mutual member firms and seamlessly joins our two dynamic systems together in a market-leading strategic alliance.”

AIR Group said that partnering with Knowledge Bank can benefit all later-life lending advisers and providers, as it would ‘feed into multi-level product management information,’ which would help in delivering the next generation of product and feature design in the future.

The group announced this would also feed into the FCA’s work on how firms can deliver more efficient advice in the sector, and how it might result in better consumer outcomes.

Knowledge Bank CEO and founder, Nicola Firth, added: “We are very pleased to be working with Air Sourcing to bring together a true ‘best of breed’ solution for later-life lending sourcing. This collaboration brings together criteria and product in a truly unique way.

“We have worked closely with Stuart and his team to ensure that every aspect has been considered from the adviser’s point of view and with our collective experience in the market, we are confident this will be, without doubt, the platform of choice for advisers in the later-life lending sector.”

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