Lender joins yet another panel

Group has brought its offering to more than ten aggregators in 2019, signalling “an industry transition is underway”

Lender joins yet another panel


By Madison Utley

A lender that has made a string of aggregator partnerships over the course of 2019 has announced yet another. 

RateSetter has joined the panel at Finance and Systems Technology (FAST).

According to the lender, the partnership “illustrates an industry transition is underway”, with aggregator “swiftly embracing” new fintech offerings over those from traditional lenders.

RateSetter CEO Daniel Foggo added, “Aggregators are rapidly evolving to service consumer needs. Brokers shouldn’t see fintech as anything other than a natural complement to their operations.

“Under this partnership, clients of FAST brokers gain access to RateSetter’s fast, low-rate personal finance offering combined with the tailored support of a broker they know and trust. It’s the best of both worlds.”

RateSetter’s personal and automotive loan offering is now available to FAST’s 1,200 brokers. The lender now supports nearly 11,000 accredited brokers and over 6,000 broker firms.

“FAST sees the world like we do – brokers can and should deliver value to clients through diversification,” said Foggo.  

“Consumers are scrutinising personal finance providers more than ever and rightfully demanding better value and service. Brokers can guide consumers in that quest while also tapping into new income streams and sources of business growth,” Foggo stated.

Head of Northern Region at FAST, Rob Ryan said, “The addition of RateSetter further enhances our brokers’ offering as consumers are demanding for lenders to be more agile and service focussed.

“RateSetter is a standout when it comes to innovation, being a truly agile and service focussed business.”

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