The Nivo ID passporting service will allow partners to digitally share a central copy of a customer’s personal information and identity data.
The data is owned by the customer, who has complete control over providing consent to allow for any particular service provider on the Nivo network to view it.
The solution aims to make deal completions faster, safer and easier, especially during the Covid-19 crisis.
Nivo ID passporting was initially used for second charge lending, with Optimum Credit and Freedom Finance the first to go live with it.
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The results were said to have proved a significant reduction in customer effort and the time it takes to deliver a loan.
Polly Taylor-Pullen, business development at Nivo (pictured above), said the service was designed to be a better alternative to email and post.
“The current situation increases the urgency of the problem and we’ve seen how many are using it as an opportunity to innovate.
“By launching this feature, we’re excited to be helping leading players in the bridging industry to take things one step further.
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