Digital Sharia-compliant bank, Nomo, has chosen OMS Originations from One Mortgage System (OMS) to develop its digital platform for customers and brokers.
The bank said the improved platform would be available to new and existing customers in summer 2025.
OMS’ originations platform streamlines the end-to-end property finance origination journey for both the intermediary and direct submission routes, which Nomo said would improve visibility for both brokers and operations teams, showing real-time case status and enhancing service levels.
Key features include AI-driven data extraction from bank statements, pre-filled applications, and integration with a digital valuation supplier to enable faster decisions and support straight-through processing.
“We are delighted to be working with Nomo to power its origination system,” commented managing director of OMS, Neal Jannels. “The bank’s commitment to innovation and customer-centric solutions aligns perfectly with OMS’ mission to transform the mortgage technology landscape.
“With our cutting-edge platform, Nomo can continue delivering seamless, Sharia-compliant digital finance solutions while benefiting from an origination journey that is both streamlined and scalable. We look forward to a successful partnership that further enhances the property finance experience for all Nomo customers.”
Senior product manager at Nomo, Emma Bilan, added: “Following a successful first two years for Nomo property finance, we’re pleased to be taking the next step to create an improved digital journey for our customers and broker partners.
“Working with OMS will enable us to provide new features to clients and brokers including a decision in principle; a vital first step in their journey to owning a property in the UK. The partnership will also allow AI tools to be integrated into our platform, streamlining the entire property finance process. This will enable us to process applications more quickly, and allow more customers to benefit from the fantastic products Nomo offers.”
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