Johannesburg, 11 May 2017
Software as a Service company, e4, says that digitisation has led to its South African-based technology being launched in Australia. Ryan Barlow, Chief Technology Officer, e4, says that while the company has made significant inroads locally with its business automation and digital solutions, the Australian banking sector has identified the increasing need for the automation of core banking processes and other digital solutions.
"Data gathering, signing of documents as well as the identification and verification of customers has long been an arduous process, traditionally requiring physical face to face interactions and reams of paper. e4's digital verification and identification solution, which is used during the client on-boarding process, disrupts and radically changes the face of lending and the relevant loan application process," says Barlow.
He says that e4 is focused on the digital transformation trend that is taking place in the lending space, providing much-needed innovative applications that underpin traditional as well as disruptive service offerings: "Aimed at the financial service sector, we anticipate increased interest from traditional and non-traditional mortgage lenders. We will also engage mortgage brokers, who originate 50% of all new mortgage applications into lenders, mortgage aggregators and mortgage settlement partners in Australia. This model is closely aligned with the e4's business model in South Africa."
Heading the Australian business based in both Sydney and Adelaide is e4's managing director, Stuart Hosford. He is supported by e4's operational bases located in South Africa and Mauritius.
Locally, Barlow says e4's digital service offering is being considered by South Africa's biggest lenders and financial services companies: "We are confident that our approach to digital transformation within these sectors will be very well received and we look forward to growing the solution set and territories we implement them into," says Barlow.
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