12 May 2005
HBOS has today launched a new personal loan product in collaboration with the Intelligent Environments Group (iE).
The new personal loan option has been made available to 26 partner and affinity brands including Sainsbury's Bank, Halifax and Bank of Scotland.
The launch comes as part of a website and secure application capability hosted by iE's partner, LogicaCMG and supported by iE's marketing management product for the web, iE Montage.
Phillip Blundell, chief executive of iE, commented: "With at least 25 per cent of online lending forecast via the web, we are seeing growing momentum in the financial services industry to ensure that business systems and processes can capitalise on and deliver against the efficiencies the Internet represents.
"HBOS has invested in iE's NetFinance platform to deliver a highly usable and accessible online loans capability that will support its own main brands and its multiple partners."
Glenn Hutchinson, head of partnership services at HBOS, added: "We are delighted to build on our existing relationship with iE and launch an industry-leading online loans capability for our partners and customers."
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