Existing Customer Support Novitas Loans continues to support its current customer base and manage existing loan facilities, presenting ongoing opportunity to offer supplementary financial products or advisory services to their active clients.
Regulatory Environment The company's operations are regulated by the FCA and PRA, indicating a requirement for compliance-focused financial solutions and technology that align with rigorous regulatory standards.
Recent Acquisition Since being acquired by Close Brothers Group in 2017, Novitas Loans may be open to partnerships or integration with broader financial services, offering potential cross-selling opportunities.
Technology Stack Novitas employs a range of advanced digital tools like Amazon EC2, Drupal, and Imperva, suggesting potential for upselling modern data security, customer experience, or cloud-based solutions tailored for regulated financial firms.
Market Position With a focus on legal costs lending and a current emphasis on supporting existing clients, there is an opportunity to develop specialized financial products for niche legal or regulated industries aligned with their core expertise.