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Watson Wheatley implements iRecs reconciliation at P2P lender Thincats

Watson Wheatley Financial Systems (WWFS) has implemented the iRecs reconciliation solution at online peer-to-peer SME business loan specialists ThinCats.

The new deal for WWFS marks the first time the iRecs platform has been used in a peer-to-peer lending environment.
Guy Whitaker, client money operations manager at ThinCats, says: “iRecs has become integral to our day-to-day operations and reporting of Client Money. As ThinCats continues to grow, the automation that iRecs provides ensures we have the capability to deal with significant increases in volumes, protect our clients’ money appropriately and meet our FCA CASS regulatory obligations.
“The WWFS support team have proved to be extremely helpful and rapid with resolving any queries or issues.”
Tom Wheatley, COO at Watson Wheatley Financial Systems, says: “Our flexible data aggregation and reconciliation tool as well as the hosted offering made the iRecs platform an attractive proposition for the ThinCats team.
“We see peer-to-peer lending as a new source of business and we look forward to configuring iRecs to meet and exceed both reconciliation and regulatory requirements.”

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