Nostrum Extends Reach with Short Term Lending Outsource WinThe Nostrum Group ('Nostrum') has entered into a long term full servicing contract with Lending Stream Limited ('Lending Stream') a provider of short term consumer lending products which distributes through a number of brands and channels in the UK.

A spokesperson for Lending Stream said, "We recognised that in order to succeed we needed strong partners on the ground who could provide a flexible and efficient processing system and skilled call centre resource.

We were pleased that Nostrum could provide both the icenet system and scaleable call centre resources so that were able to mobilise swiftly, enabling a smoother market launch.

The services Nostrum provides start with loan verification and include payout through customer servicing, payment management, reconciliation and ultimately debt recovery. The icenet system provides all of the functionality we need, including providing us with critical management insight into the performance of our portfolio."

Richard Carter, Nostrum's Chief Executive said of the project, "We are excited to be supporting Lending Stream's entry to the UK market and see this engagement as a further example of the considerable experience and support we are able to provide to new start businesses."

Lending Stream added "Our experience with Nostrum to date has been very good and we are pleased with their understanding and execution of our requirements. We are confident that they can support our aggressive growth plans."

If you would like more information, or wish to speak to a representative for comment on issues facing our industries please phone us on
+44 (0)8448 118 039 or email at enquiry@nostrumgroup.com