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July 15, 2021

Propel announce ‘transformative’ partnership with LTi

By Anita Senaratna

LTi Technology Solutions (LTi) has announced a partnership with Propel, one of the UK’s largest independent finance houses. LTi provide a cloud platform to equipment and asset-based finance companies, while Propel recently established two of the largest strategic financial partnerships in the UK.

Propel, has identified a gap in the marketplace for technology that can transform a customer’s experience. Propel has chosen LTi as a key technology partner to sit alongside the development of its ‘Propeller’ web app. Propeller will harness the power of ASPIRE – LTi’s complete lifecycle management platform – to create an end-to-end digital journey for customers.

Robert Taylor, UK Country Manager of LTi, said, “We’ve spent 32 years building out a feature-rich platform that is individually configurable for all our customers. With Propel’s aspirations of building a true end-to-end platform, ASPIRE’s customisable functionality showcased how seamlessly it configured to Propeller’s origination system. With ASPIRE, transformative results were achieved in months, rather than years for Propel and its customers.”

Recently, Barclays Business Banking announced its partnership with Propel to offer equipment and vehicle finance to one million customers via its new Propeller technology platform. Propel were also recently nominated as a finalist in the UK FinTech Awards 2021 within the ‘LendTech of the Year Award’ category for their asset finance platform. The award goes to businesses in the industry that have pioneered digital lending platforms in the UK market.

Anne Williams, COO of Propel, said, “LTi has worked with us collaboratively throughout the entire Propeller journey, helping us create and customise a smooth and seamless customer experience that is truly best-in-class. We are delighted to have selected ASPIRE’s servicing portfolio management system to streamline the transaction lifecycle, scale our business, and continue to put our customers first.”


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