Leveris claims to have developed a next-generation, modular, end-to-end banking platform that facilitates lending, deposit-taking, card issuance and digital channel design.

Robbie Hughes, CEO Banking & Credit Management, Link Asset Services said: “This investment will enable us to enhance traction across the broader banking universe through the application of next-generation technology. The Leveris platform delivers enhanced user experiences without complexity, simply and efficiently. We are excited to be partnering with Conor and his team.”

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Leveris’ founder and CEO, Conor Fennelly, said: “We welcome this strategic partnership with Link Group. Link Group is the largest independent debt servicer in Europe and has a deep knowledge of the lending and loan administration industry, as well as being a global player in the financial services space.”

“We both share a common vision to support financial institutions through the application of trusted and innovative technology and are deliberately ambitious in our quest to evolving banking into a simpler, more personal experience for everyone.”

Financial details of the investment were not disclosed.

>See also: FinTech meets DevOps, and the rest is history

Opportunities in financial services

As opportunities in the banking sector emerge where new technologies and falling barriers to entry continue to transform the financial services landscape, strategically for Link Group, the Leveris platform will be used for their banking and credit management clients on an outsourced basis.

Alongside new regulations from the Financial Conduct Authority (FCA) and Competitions and Market Authority (CMA) banks are now able to move from reactive to predictive behaviour and services, enabling them to better serve their customers.

This has resulted in a new-found financial freedom.

>See also: Barclays Bank partners with MarketInvoice to enhance client offering