Sharia-compliant digital bank Nomo has announced a new partnership with One Mortgage System (OMS) as it moves to enhance its property finance offering for both brokers and customers.
The bank, which provides cross-border services, will deploy OMS Originations to support its next stage of digital development, with the improved platform scheduled to go live in summer 2025.
The technology upgrade aims to simplify the end-to-end origination process for UK property finance, improving visibility and responsiveness for both intermediaries and internal teams. The new system will offer real-time case tracking and a range of automation tools, allowing for faster processing and improved service levels.
Nomo, part of the Bank of London and the Middle East group, has built its brand on providing Sharia-compliant products to a globally mobile customer base. With this latest investment in digital infrastructure, the bank is looking to build on two years of growth in its property finance arm by delivering a more intuitive experience for users.
Among the platform’s core features are AI-driven data extraction from bank statements, auto-filled application forms, and integration with a digital valuation provider to support straight-through processing. The system will also introduce a Decision in Principle functionality, helping borrowers to understand their lending options early in the process and offering brokers a clearer initial framework for structuring deals.
Neal Jannels (pictured), managing director of OMS, said: “We are delighted to be working with Nomo to power its origination system. The bank’s commitment to innovation and customer-centric solutions aligns perfectly with OMS’s mission to transform the mortgage technology landscape. With our cutting-edge platform, Nomo can continue delivering seamless, Sharia-compliant digital finance solutions while benefiting from an origination journey that is both streamlined and scalable. We look forward to a successful partnership that further enhances the property finance experience for all Nomo customers.”
Emma Bilan, senior product manager at Nomo, added: “Following a successful first two years for Nomo property finance, we’re pleased to be taking the next step to create an improved digital journey for our customers and broker partners. Working with OMS will enable us to provide new features to clients and brokers including a Decision in Principle; a vital first step in their journey to owning a property in the UK.
“The partnership will also allow AI tools to be integrated into our platform, streamlining the entire property finance process. This will enable us to process applications more quickly, and allow more customers to benefit from the fantastic products Nomo offers.”
