Pancredit Appoints Commercial Director as Business Grows

Thu 22nd August 2013

Yeadon-based Pancredit, a market leader in intelligent, automated loan origination, credit sourcing and business intelligence solutions, has strengthened its Board with the appointment of Graham Donald as Commercial Director.

Graham will utilise more than 25 years’ experience in banking and financial services to underpin his varied role at Pancredit, which will see him assume overall operating responsibility for business development, sales and marketing.

In June, Pancredit reported 40% YOY growth in FY2012 and indicated that the business was well on track to continue this growth in 2013. Graham’s appointment to Commercial Director is a strong reflection of the company’s continued prosperity, driven by an increase in demand from banks, financial institutions and intermediaries. for software systems designed to promote responsible lending and enhance the service experience they deliver to customers.

Graham has held previous senior roles at Lloyds TSB Black Horse, HML and Communications Direct and is tasked with consolidating the growth and development of the firm, driving its expansion into new markets and sectors within financial services.

Peter Constance, Managing Director of Pancredit, said: “There is a clear increase in demand for automated software that can help lenders streamline operations and deepen their understanding of their customers’ financial circumstances. Graham is already helping us to capitalise on this demand; he has fantastic industry experience and the depth of his strategic insight is providing real value to the business. We warmly welcome him to the Board and look forward to his input at this pivotal time in our company’s development.”

Graham added: “By deepening the affordability assessment that is performed on customers applying for loans Pancredit’s systems are enabling lenders to hard-wire responsible lending into their day to day lending operations. This couldn’t be more important right now.  Many borrowers are working on very tight budgets, and lenders are under pressure to demonstrate that they have learned from past mistakes. This is a very exciting time to join Pancredit and I greatly look forward to helping the Board develop the business further.”

Core Pancredit, the firm’s flagship loan application, administration and collections system is servicing the loan books of some of the leading lenders in the world, including Lloyds TSB (in partnership with HP), Ikano Bank and The Open University. Developed over a period of more than 20 years the software offers an unrivalled depth of functionality in a single, integrated, scalable application.

MADE, Pancredit’s complementary software-as-a-service decision engine, which enables price comparison sites to better source loan products for consumers, is currently used by around 20 sites, including and knowyourmoney, and is driving the evolution of intelligent whole-of-market credit sourcing for the aggregator sector.

Panintelligence, a business intelligence dashboard solution for data rich organisations, continues to gain traction in a range of markets, including automotive, education and service management.