Pancredit has announced a corporate rebrand to Equiniti Pancredit.

It has also launched of a new outsourced loan book management service, which will be supported by Core Pancredit, the firm’s loan application, administration and collection system and delivered as part of Equiniti’s newly established Intelligent Solutions division.

The outsourced loan book management service for banks and financial institutions extends the hosted model for Core Pancredit to offer a full BPO solution. The new solution will provide a service which covers all aspects of loan book management, including applications processing, servicing, collections, end agreement, nominal ledger, cash and banking, as a single, outsourced managed service.

Graham Donald, managing director at Equiniti Pancredit, said: “Our partnership with Equiniti allows us to create new opportunities for our customers to reduce their operating overheads and increase efficiency.

“As an experienced technology, administration and payment services provider, Equiniti has the specialist and experienced personnel required to completely manage a lender’s loan portfolio via our system, Core Pancredit, including answering customer enquiries and managing the collection of loan repayments.

“Aligning our brand closely with Equiniti will enable us to take advantage of the opportunities available to extend and expand our market offering and deliver a range of additional new services, which we look forward to bringing to market over the next 12 months.”

The loan book management service sits within Equiniti’s newly launched Intelligent Solutions division, of which Equiniti Pancredit is a part. Alongside Equiniti Pancredit, Intelligent Solutions comprises the following Equiniti group companies: Equiniti Hazell Carr, Invigia, Equiniti 360° Clinical and Equiniti Data Services.