Australia’s newest digital bank has announced yet another major aggregator partnership.
Alex Bank has joined the NFC-UFS lender panel in a move that will enable the bank to leverage the aggregator’s 700-strong broker network, while providing more brokers access to Alex Bank’s award-winning personal loans.
NFC-UFS Aggregation, a fully owned subsidiary of ASX-listed McMillan Shakespeare Group, is a specialist asset finance aggregator with a strong national presence.
“We are excited to be partnering with NFC-UFS, to bring our personal loan to even more Australians through their extensive broker network,” said Steven Degetto (pictured above), chief commercial officer at Alex Bank. “By partnering with NFC-UFS to make our personal loan available through their brokers, together we can help to meet the consumer finance needs of more Australians.
“We know there is incredible value for customers in the broker channel, and we are committed to growth and innovation in this space. We’re actively and continuing to invest in purpose-built technology specifically for our broker partners to make their experience easier and faster, as well as growing our team to support our lending growth and expanding distribution partnerships.”
Simon Hoey, national operations manager at NFC & UFS Aggregation, said the lending aggregator was constantly seeking quality product options for its broker network and was excited to welcome Alex Bank onboard.
“Their strong commitment to the broker channel aligns well with our distribution model, and their principles of ‘Fast, Simple, Fair and Human’ resonate well with our brokers,” Hoey said.
Alex Bank said the NFC-UFS partnership was in line with the digital bank’s accelerated growth strategy, which saw its loan book increase significantly in the 2023 calendar year to date.
In addition to this latest partnership, Alex Bank has also allied with most of the major lending aggregators in Australia, including AFG, COG Aggregation, Fintelligence, and LMG.
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