"This use case demonstrates how open banking can bring real value to businesses and payers in the mortgage space"
- Neal Jannels, managing director of OMS
Broker processing platform, OMS, has integrated with bank payment company GoCardless to help simplify and accelerate the payment process for its broker userbase.
The GoCardless integration simplifies payment processes, enabling brokers to efficiently request payments from their clients for a variety of services rendered, such as broker fees.
This facility will also enable intermediary firms to better manage, collect and reconcile their payments to help improve cash flow and streamline a range of financial transactions, all without having to leave the OMS CRM system. In addition, by using GoCardless’ Instant Bank Pay, they can sidestep expensive card fees by collecting instant, one-off payments through Open Banking.
OMS covers product areas such as residential, buy-to-let, second charge, equity release, bridging, commercial and general insurance. It is integrated with providers including Ignite, Submissions Brain, The Source, Twenty7Tec, iPipeline, UnderwriteMe, Hometrack, Experian, Equifax, Uinsure, Air Sourcing and Knowledge Bank.
Neal Jannels, managing director of OMS, commented: “We remain focused on exploring ways to generate more time for brokers to do what they do best, advising clients and building their business in the most cost-effective and most cost-efficient ways possible.
“The GoCardless ethos of make payments faster, cheaper, and more secure is an admirable one and this important integration certainly fits within our ongoing commitment to helping the broker community to work smarter, not harder.”
Seb Hempstead, VP of partnerships at GoCardless, added: “We’re excited to partner with OMS to take the pain out of getting paid for their customers. By leveraging our open banking payments, brokers can deliver a best-in-class customer experience while saving time and money, creating a win-win for everyone. This use case demonstrates how open banking can bring real value to businesses and payers in the mortgage space, and we look forward to deepening our footprint in the industry with OMS.”
