Answers in Retirement Group (Air Group) has announced full API integration between its platform, Air Sourcing, and criteria search provider, Knowledge Bank.
It claims the new strategic alliance between the two systems will provide users with a range of new benefits allowing advisers access to a “fully-comprehensive product and criteria search” for all later life options.
Data entry will flow between both systems and it will allow advisers to check all later life lenders’ criteria before moving into product sourcing, or vice versa, allowing product sourcing which can then be checked to see if the criteria matches.
Air Group said this is an exclusive offer for users of both systems, and also introduced an opportunity for advisers to refer to specialists in the sector if they are not qualified to provide advice in one part of the later life market. This could be done automatically following the entry of client data.
The new strategic alliance would, Air Group said, benefit all later life lending advisers and providers, as it would feed into multi-level product management information which would help in delivering the next generation of product and feature design in the future.
Stuart Wilson, CEO of AIR Group, said: “This is one of the most significant announcements and agreements in the later life lending sector as it indicates the joint ambition of both firms to deliver the very best tools and technology integration on an exclusive basis.
“We are incredibly excited to be working with the multi-award-winning team at Knowledge Bank, led by Nicola. Air Group has spent many weeks ensuring that this launch brings a huge variety of benefits to our mutual member firms and seamlessly joins our two dynamic systems together in a market-leading strategic alliance.”
Nicola Firth, CEO and founder of Knowledge Bank, added: “We are very pleased to be working with Air Sourcing to bring together a true ‘best of breed’ solution for later life lending sourcing. This collaboration brings together criteria and product in a truly unique way.
“We have worked closely with Stuart and his team to ensure that every aspect has been considered from the adviser’s point of view and with our collective experience in the market, we are confident this will be, without doubt, the platform of choice for advisers in the later life lending sector.”