Technology

 

At Paradigm, we strongly encourage firms to embrace technology within their business to save them time, in many cases money, and to improve their client experience. In addition, we work closely with some technology providers whose tools can help protect your business, and help you comply with the FCA’s requirements.

We are keen to help firms realise the value that technology can bring, and to work with you to understand your businesses specific requirements; as with all aspects of our support, it is not a one-size-fits-all approach, and we understand that you want to find tools which complement your existing processes wherever possible.

We are also committed to helping you to understand the threats that can be posed by technology, by addressing cyber threats and helping you with cybersecurity within your business. In addition, we intend to help you navigate the new ‘world’ of Artificial Intelligence (AI); we’ll be helping you to understand where AI can prove valuable to your business, whilst also addressing the risks you need to be aware of.

In this ever-changing market, we will aim to help you stay abreast of the most important updates and changes. We have also chosen to partner with selected businesses as showcased below. Our team of Relationship Managers would be happy to discuss technology with you in more detail, looking to understand your requirements and see what technology may be able to make a difference within your business. Click here to request a call from your dedicated Relationship Manager.

Innovative Technology

Helping you find the right products to grow, enhance and protect your business using innovative technology.

*Free for all Paradigm Protect members
**£10+VAT for the broker version. £12.60+VAT for the standard version.
***Pricing is: 1-2 users - £35+VAT per user, 3-5 users - £33+VAT per user, 6+ users – upon negotiation.

Air Sourcing

Air Sourcing

Air Sourcing is a free equity release sourcing tool. To register, please use the link below and select ‘Create an account’.

FREE Find out more

Dashly’s,innovative tool automatically compares customers’ mortgages daily and all available products, alerting them to potential savings. This generates leads for intermediaries by driving clients back to their adviser.

Dashly

 

You may be interested in Mortgage Broker Tools’ Affordability tool which complements the affordability scenario outcomes which you see from Paradigm’s Mortgage Helpdesk team, by providing a more comprehensive search on affordability by directly integrating with the lenders’ calculators, for when you are that stage of your research. You can get a 30 day free trial of their tool by clicking here.

Mortgage Broker Tools

Paradigm have partnered with a small number of companies who are in the business of protected your firm in different ways, please explore the pages below to understand how they can help you in areas ranging from HR issues, fraud and cybersecurity.

Citation
Unity FCS
Mitigo

Artificial Intelligence

Over the past year in particular, there has been increasing awareness of artificial intelligence (AI), due to its rapidly increasing capabilities and potential to impact upon the world as we know it.

ChatGPT is one of the most commonly talked about AI tools, this is due to the fact that the basic model is now accessible to the general public for free via the internet and can therefore be used by anyone. The language model can answer questions and assist you with tasks, for example, things such as writing blogs, essays, emails and code. A paid-for subscription version called ChatGPT Plus launched in 2023 and has much more extensive capabilities than the basic one. 

Recently, the FCA and PRA released the responses from the Discussion paper in their Feedback Statement 23/6: Artificial Intelligence and Machine Learning which considered the following:

  • the potential benefits and risks related to the use of AI in UK financial services
  • how the current regulatory framework applies to AI
  • whether additional clarification of existing regulations may be helpful
  • how policy can best support further safe and responsible AI adoption

If you buy compliance services from Paradigm you can log in to your account to read what the main points from this Feedback Statement were and Paradigm’s views on this.

What is clear is that AI also comes with some risks that you need to be aware of, such as ethical, legal, social, and technical challenges. For example, AI may pose threats to privacy, security, accountability, transparency and fairness, amongst other things. Therefore, it is important to understand the benefits and limitations of AI, and to adopt responsible and ethical practices when using AI in your business.

Why not take a listen to a presentation recently given by Justine Randall, Chief Commercial Officer at Tatton Investment Management on one of our webinars. The presentation is titled ‘Artificial Intelligence - Friend or Foe?’.

Paradigm will increasingly be supporting firms in this area with more information and guidance on how to proceed. In the meantime, you may find the following resources helpful:

FCA Feedback Statement

Artificial Intelligence and Machine Learning

READ MORE

Blog Article

‘The good, the bad & the ugly of using Artificial Intelligence (AI)’

READ MORE

Accord Mortgages

The best AI tools for Mortgage Brokers

READ MORE

Pulsion Technology

Artificial Intelligence: The Changing Business Landscape (Webinar)

READ MORE

Blog Article

AI – A vision for the future

READ MORE

Accord Mortgages

A broker’s guide to AI

READ MORE

Cybersecurity

Our Cybercrime Support Hub has been designed to provide you with articles, resources and commentary that are easy to understand about how you, as a firm or as an individual, can help protect yourself and others such as your strategic partnerships and suppliers against being victims of a cyber-attack. The guides and information can also be shared directly with your clients, ensuring that they feel safe and comfortable when making important decisions about their money and finances.

WE’RE HERE TO HELP!

Contact our team of experts today

We have an extensive range of information and knowledge around how you can embrace technology within your business. Our Relationship Managers are on hand to understand your business and make suggestions about where you could enhance your service or your processes by adopting some of the innovative technology and tools that we have partnered with. Many of these may be able to help you to save money within your business, which is particularly important whilst the mortgage market is challenging and the cost-of-living continues.

We’d be happy to discuss how we may be able to support your firm and the specific requirements you might have.

Paradigm

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APCC Member
Paradigm Consulting is a Member of the Association of Professional Compliance Consultants

Paradigm Consulting is a trading name of Paradigm Partners Ltd
Office address: Paradigm Partners Ltd, Paradigm House, Brooke Court, Wilmslow, Cheshire, SK9 3ND
Paradigm Partners Ltd is registered in England and Wales. No.09902499. Registered Office: As above

Paradigm Mortgage Services LLP
Office address: 1310 Solihull Parkway, Birmingham Business Park, Birmingham B37 7YB
Registered in England and Wales. Company No: OC323403. Registered Office: Paradigm House, Brooke Court, Lower Meadow Road, Wilmslow, SK9 3ND
Paradigm Mortgage Services LLP is a Limited Liability Partnership.

Paradigm Protect is a trading name of Paradigm Mortgage Services LLP
Office address: 1310 Solihull Parkway, Birmingham Business Park, Birmingham B37 7YB
Paradigm Mortgage Services LLP is registered in England and Wales. Company No: OC323403. Registered Office: Paradigm House, Brooke Court, Lower Meadow Road, Wilmslow, SK9 3ND
Paradigm Mortgage Services LLP is a Limited Liability Partnership.