Paragon Bank has selected Alfa to power its new commercial lending transformation programme.
The partnership will replace Paragon’s legacy systems and streamline the group’s end-to-end lending process.
Paragon said the strategic initiative will modernise its SME lending operations, diversify its product portfolio and enhance the experience for customers and brokers. The bank is aiming to implement the Alfa Systems platform in 24 weeks.
Managing director of SME lending at Paragon and chair of the Finance & Leasing Association, John Phillipou, said: “We’re looking forward to taking on this next step of digital transformation in partnership with Alfa to take Paragon SME Lending to the next level of customer experience.
“This new system will enable us to enhance our offering, improve our efficiency and provide a seamless journey for our customers. We’re excited to be working with Andrew and the team at Alfa as we start the new year.”
Alfa CEO, Andrew Denton, added: “We’re delighted to partner with Paragon on this exciting and ambitious initiative to enhance its lending operations. Paragon is one of the most exciting, dynamic and forward-thinking banks in the UK, with a reputation for running a top-quality operation.
“With Alfa Systems they’ll benefit from a SaaS solution that provides outstanding efficiency and functional depth, and with Alfa Start they’ll have the advantage of a rapid and cost-effective implementation. We look forward to supporting Paragon as it finds further success in the coming years.”
Latest News
-
Chancellor revives ISA allowance reforms
-
Titan Wealth agrees acquisition of Blacktower Group
-
SIPP withdrawal requests jump 33% ahead of Autumn Budget
-
Savers increasing allocations to fixed accounts, research shows
-
Average mortgage rates creep up for first time in eight months
-
Purplebrick Mortgages partners with JammJar
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories