Alex Bank expands broker network by joining NFC & UFS Aggregation lender panel

Alex Bank, Australia’s newest digital bank, today announced that it has joined the NFC-UFS lender panel, marking yet another major aggregator partnership for the bank.

The partnership will enable Alex Bank to leverage NFC-UFS’s 700 strong broker network, while also providing their brokers access to Alex Bank’s award-winning personal loans.

Chief Commercial Officer of Alex Bank, Steven Degetto, said, “We are excited to be partnering with NFC-UFS, to bring our personal loan to even more Australians through their extensive broker network.”

“By partnering with NFC-UFS to make our personal loan available through their brokers, together we can help to meet the consumer finance needs of more Australians.”

Degetto added, “We know there is incredible value for customers in the broker channel, and we are committed to growth and innovation in this space. We’re actively and continuing to invest in purpose-built technology specifically for our broker partners to make their experience easier and faster, as well as growing our team to support our lending growth and expanding distribution partnerships.”

National Operations Manager at NFC & UFS Aggregation, Simon Hoey said, “At NFC & UFS Aggregation we are constantly seeking quality product options for our Broker Network to offer to their customers. We are excited to bring Alex Bank to our network. Their strong commitment to the broker channel aligns well with our distribution model, and their principles of Fast, Simple, Fair and Human resonate well with our brokers”. NFC & UFS Aggregation is a fully owned subsidiary of McMillan Shakespeare Group (ASX:MMS) and are a specialist Asset Finance Aggregator with a strong national presence.

The NFC-UFS partnership is in line with Alex Bank’s accelerated growth strategy, which has seen the digital bank increase its loan book significantly in the 2023 calendar year to date.

With NFC-UFS on board, Alex.Bank now has partnerships with most of the leading lending aggregators in Australia, including AFG, COG Aggregation, Fintelligence and the Loan Market Group.