P1 Lombard Loan 4+

P1 Lombard is a Lombard Lending solution for wealth managers and their clients to access a revolving line of credit against their existing investment portfolio. The app is used as a communication tool to apply for the credit and verify with their wealth manager the value of the portfolio.

Clients are able to go through the credit application process end-to-end, including ID verification and KYC/AML processes, and receive a decision on their credit line quickly. All information shared through the app is encrypted and secure. Clients may be required to identify themselves and provide documentation to complete the credit application process.

This could include being asked to scan an identity document, undertake a facial recognition check and provide evidence relating to their investment portfolio. All communication in regard to the credit application and ongoing updates are sent to the client via the app