Firenze is a Lombard Lending solution tailored for wealth managers and their clients, providing access to a revolving line of credit secured against an existing investment portfolio. The app serves as a secure communication tool to facilitate credit applications, portfolio verification, and ongoing credit management.
With Firenze, clients can securely complete the credit application process, including identity verification and compliance with KYC/AML requirements. This may involve submitting identity documents, undergoing facial recognition checks, and providing evidence of their investment portfolio's value.
Key Features:
- Access a flexible, revolving credit facility backed by your investment portfolio.
- No fixed repayment period – repayments are determined by your credit agreement and facility usage.
- Interest rates are personalised and calculated based on your portfolio and lending terms, with no Annual Percentage Rate (APR) applicable due to the revolving nature of the facility.