Experian acquires N4 Solutions

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Experian ^®, the global information solutions company, has acquired N4 Solutions, a provider of specialist software for the mortgage and financial planning sectors.  N4 Solutions is based in Cirencester, Glos, and will become part of Experian's Consumer Business.

 

Founded in 1999, N4 Solutions provides software, which enables lenders and financial services providers to undertake compliant effective sales engagements across all distribution channels.  N4 Solutions' products cover the sale of mortgages, general insurance and financial planning, taking the consumer from initial contact through to fully compliant purchase across all distribution channels.  Mortgage offer at point of sale is a key part of the N4 proposition and typically involves the use of a number of Experian credit services and products in order to deliver immediate decisions.

 

N4 Solutions' clients include Barclays, Nationwide, Intrinsic Financial Services, Portman Building Society, Nottingham Building Society and the Norwich & Peterborough Building Society.

 

N4 Solutions will be integrated with Experian's existing mortgage group to create a new division within its Consumer Business.  The combined unit will leverage N4's vertical market knowledge with Experian's market-leading expertise and products in application processing, decision analytics, lead generation and property valuation models, which enable organisations to make key business decisions about targeting, acquiring and retaining profitable customers.  In addition, the N4 platform provides Experian with a major opportunity to develop further its insurance and wealth management capabilities.

 

Announcing the acquisition, Tiku Patel, Managing Director of Experian UK & Ireland, said: "N4 Solutions has a first class range of products and services through which it has built a well-earned reputation in the mortgage and financial services industry.   Together with its skills base and deep mortgage sector knowledge, it is a great strategic fit with Experian, with clear synergies with our client base and core credit decisioning solutions to create a full origination solution covering risk management and cross-selling in a regulatory compliant environment.

 

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