"There have been a number of stories recently, that a lack of integration between the systems and tools that brokers need to do their jobs is holding them back. "
Knowledge Bank has launched its application programming interface which will allow lenders, networks, mortgage clubs, distributors and even brokers to connect to Knowledge Bank.
This can then be used by their own systems with their own branding, effectively integrating Knowledge Bank’s criteria functionality into their own company.
It will also integrate with brokers’ CRM systems, saving evidence of research directly into a broker’s system against a specific client’s file. Knowledge Bank is also working with several back-office systems to develop a seamless integration for their advisers.
The Knowledge Bank API will provide brokers with the ability to search over 60,000 criteria currently on the Knowledge Bank system.
Nicola Firth, CEO of Knowledge Bank, said: “Lenders, some networks and clubs have been crying out for Knowledge Bank to launch an API so that they can integrate Knowledge Bank into their own systems and white label it if they choose to.
“There have been a number of stories recently, that a lack of integration between the systems and tools that brokers need to do their jobs is holding them back. This can mean they have to use many different pieces of software, sometimes entering the same information multiple times. Knowledge Bank’s API will help to minimise this issue, making it simpler for them to search for criteria, while also giving the lender or network more access to the data that Knowledge Bank holds.”