Twenty7tec Continues Its Acquisition Spree With Meet Parker and Dealer Sense Bulletins

Barely per week into 2023 and Twenty7tec broadcasts its second acquisition of the yr.

Fintech agency Twenty7tec has acquired the remaining shares of the digital and synthetic intelligence (AI) engagement instrument Meet Parker. The acquisition was accomplished for an undisclosed sum.

Meet Parker is maybe finest recognised for its capability to transform leads and cross-sell insurance policies for companies. That is being achieved via Meet Parker’s predominant use of AI and inside its newly-developed omnichannel advertising and marketing resolution, ‘COMMUNICATE‘, which helps advisers talk with, and retain their present purchasers.

With places of work within the UK and the Far East, Meet Parker has constructed a variety of AI-based customer-facing options geared toward rising shopper engagement. Twenty7tec’s acquisition of the corporate goals to discover the potential of AI inside front-end advisory providers.

The deal will see the companies consolidate 120 staff with present groups working from London, Bournemouth and Asia. Twenty7tec confirms the mixing of all Meet Parker options into its Velocity platform.

This transfer is poised to have interaction the wealth and mortgage markets’ use of AI in lead technology and consumer correspondence.

James Tucker, CEO of Twenty7tec, describes the acquisition’s ambition as “simplify, streamline and digitise monetary providers.”

He sees the Meet Parker acquisition and the deployment of its AI-led know-how as “the plain subsequent step for us.”

“This transfer will enable advisers to digitise the lead technology and new consumer onboarding components of their enterprise, in addition to drive increased ranges of retention,” feedback Tucker. “It’s one other step forwards in our plans to revolutionise the mortgage and wealth recommendation markets.”

Twenty7tec acquires Dealer Sense

This information follows the corporate’s acquisition of Dealer Sense, which was additionally lately introduced.

The mortgage affordability platform helps mortgage advisers assess consumer affordability in opposition to lender guidelines whereas connecting advisers to lenders.

Single knowledge entry allows platform customers to obtain affordability outcomes from round 100 mortgage lenders throughout each residential and buy-to-let sectors.

For the reason that acquisition, Dealer Sense has accomplished its integration into Twenty7tec’s mortgage analysis module ‘SOURCE‘. This offers customers with a single analysis resolution for product, standards and affordability when producing suggestions for his or her purchasers.

Consequently, Meet Parker will now merge its AI capabilities with Dealer Sense beneath the Twenty7tec umbrella. Likewise, each corporations complement the agency’s earlier acquisition of Bluecoat Software program in June of 2022.

Bluecoat Software program offers the mortgage, safety and wealth administration CRM resolution ‘Finplan’ to over 300 advisory companies. Finplan is already built-in with Twenty7Tec’s ‘CloudTwenty7‘ platform, which permits purchasers of the mixed enterprise to learn instantly from a completely built-in product providing.

CloudTwenty7 is utilized by over 15,000 mortgage advisers day-after-day to go looking and apply for mortgages for his or her purchasers.

Meet Parker founder, Freddie Savundra, views Twenty7tec’s Bluecoat Software program acquisition as an indication of its “dedication to making a seamless consumer journey with best-of-breed know-how.”

“Meet Parker has been an enormous success within the monetary providers market, and this acquisition will rework how these working within the mortgage and wealth markets talk with prospects,” concludes Savundra.