Fintech company Nivo is now a member of the Association of Short Term Lenders.

Nivo provides technology that is designed simplify information gathering and checks necessary for specialist lending through biometric identity verification, Open Banking, and advanced e-signing.

It says that lending deals can be made more quickly and easily.

On its new member, ASTL chief executive Vic Jannels says: “I am pleased to welcome Nivo on board as associate members of the ASTL. This year has undoubtedly been difficult for everyone, but we have been able to grow the membership and influence of the ASTL despite this turbulent period.

“This demonstrates just how important it is to have a strong and credible trade body to drive standards and protect the interests of our sector.”

Nivo business developer Polly Taylor-Pullen comments: “Earlier this year, we saw how our solution helped bridging and development lenders during the disruption caused by lockdown and we were really impressed by the industry’s willingness to innovate.

“We believe we can make a real difference to this market, making things quicker and easier for lenders, intermediaries and customers.”

As an aside, the ASTL will be holding its annual conference online on 22 September.