Niu Solutions, the leading provider of IT consultancy and infrastructure services,along with its partner Profile Software, a leading provider of financial services solutions,has secured a contract with Fiduciam, the trusted lender to SMEs and entrepreneurs, to support the lender’s digitalisation plans and ongoing expansion in the UK.

In order to support effective risk management and make Fiduciam’s lending and loan trading process more efficient, Niu Solutions will integrate Profile Software’s scalable shared banking software platform, FMS.next, with its own outsourced services and customer care support.

Fiduciam plans to roll out a full digital programme that will use innovative technology to streamline and automate its internal business processes, and automate back-end processes. By coupling Niu and Profile’s extensive experience, Fiduciam will benefit from increased innovation, security, data protection and regulatory compliance, all of which are critical for a lender to compete in the digital age.

Shaun Ledgerwood, CEO at Niu Solutions, said:

“Fiduciam has experienced continued success in the competitive lending and investment space, in part due to its unwavering focus on adapting to suit the changing needs of today’s consumers. By moving to digital and adopting innovative technology that makes its services more efficient, Fiduciam has been able to achieve a competitive advantage.

“An already established alternative lender, Fiduciam has been quick to recognise that in order to achieve its growth ambitions,it needed to invest in the right partners and technology. By offering a fully managed service and IT infrastructure that accommodates Fiduciam’s needs, now and in the future, Niu and Profile Software will be able to support the company as it continues to grow.”

Henrik Takkenberg,director at Fiduciam, added:

“The partnership with Niu and Profile, and the solutions they provide allows us to reduce costs, increase scalability and further strengthen our customer proposition. Our sharp focus on innovation allows us to challenge the traditional high-street lenders which have dominated the market in the past. By taking advantage of the latest technology, we’re able to make secured credit more flexible and accessible for a wide range of businesses.”