With a rise in transactions requiring specialist finance, the move will enable members to better identify lenders who can support the increasing number of complex cases they are seeing.

Knowledge Bank said its system will enable FIBA members to search hundreds of specialist finance criteria in seconds, and provide them with an insight into lenders’ criteria.

It also supports the regulatory requirement for brokers to provide evidence of research to prove they are giving the best advice.

The system does this by providing a snapshot of the products available for each client at that particular point in time, based on criteria.

It contains details of both the client and the broker, is time and date stamped and can be imported straight into the broker’s CRM system.

Adam Tyler, executive chairman of FIBA said the partnership was the next step in its plan to execute the rollout of a number of services and benefits for members. He revealed it would be adding more partnerships in the future.

He added: “Staying up-to-date on lending criteria is crucial for brokers and so we have partnered with Knowledge Bank as it has the most extensive range of criteria in the market and allows unlimited criteria to be searched at any time.”

Meanwhile, Nicola Firth, CEO of Knowledge Bank, said: “FIBA’s aim is to support financial intermediaries and deliver excellent products and services to their clients, which fits perfectly with our ethos.

“With the increase in specialist lending, Knowledge Bank is essential for brokers to see exactly which lenders will accept their cases.

“The searches take seconds and will help them to place more complex cases as well as their mainstream ones.  We look forward to supporting FIBA members to continue to deliver excellence for their clients.”