Latest news with #assetfinance
Finextra
02-06-2025
- Business
- Finextra
Allica chooses Lendscape for asset finance operations
Challenger bank Allica has selected Lendscape, the leading provider of commercial lending technology, as the core platform for its asset finance operations. 0 Following a year of exceptional growth, Allica - the only bank built for established SMEs and Europe's fastest-growing fintech - has positioned itself as a major force in business banking and continues to scale at pace. Allica selected Lendscape's asset finance platform to support that momentum following a successful trial in a sandbox environment. 'Our growth shows just how strong the demand is for a better kind of business banking,' said Niv Subramanian, Deputy CEO at Allica. 'We've invested heavily in our digital infrastructure so we can scale quickly and keep delivering the support SMEs need to thrive. That means using technology that's flexible, intuitive, and fits seamlessly into our ecosystem, and Lendscape proved from day one that they could deliver all three.' Lendscape's API-first platform will enable Allica to scale, integrate easily with other systems, and innovate, enabling rapid change to market demands. 'We share Allica's commitment to improving SME finance and making it easier for businesses to access the funding they need to grow," said Steve Taplin, Chief Product Officer at Lendscape. 'As a company, we've made a long-term investment in asset finance technology and innovation - and we back it up with transparency, trust, and a deep understanding of the market. Giving Allica early sandbox access was part of that approach: letting them see first-hand how easily our platform integrates, performs, and adapts.' 'One of the things that stood out about Lendscape was their openness and clarity,' said Conrad Ford, Chief Product & Strategy Officer at Allica. 'In our earliest conversations, they were upfront about where they were on the then, we've seen the strength of their technological foundations, the quality of the team, and the alignment in our ambitions. Their API-first platform gives us the flexibility and speed we need to keep evolving our ecosystem and stay ahead of customers' expectations.' 'Working with Allica has been a perfect fit; they're bold, fast-moving, and customer-centric,' said Sunny Bhachu, Regional Commercial Director at Lendscape. 'We're proud to be part of their journey and excited to help them scale with confidence.'
Finextra
13-05-2025
- Automotive
- Finextra
Alfa launches project accelerator for European asset finance
Alfa, provider of the Alfa Systems software platform, has announced a new preconfigured SaaS offering for European asset finance companies. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Alfa Start for European Asset Finance allows auto and equipment finance operators to conduct a quick and cost-effective implementation of Alfa Systems, Alfa's flagship platform for originations, contract servicing, collections management and more. It draws on predefined best-practice configuration and processes, perfected over Alfa's considerable experience supporting top brands around the continent. Since launching in 2020, Alfa Start's rapid implementation methodology has found success in the UK with progressive finance providers and challenger banks such as HTB, United Trust Bank, Arkle Finance, Bibby Financial Services and most recently Paragon Bank. Alfa Start has also provided critical value as a project accelerator to a string of notable auto and equipment lenders in the US. With the new solution, Alfa brings its industry expertise and experience in fast implementations to operations throughout Europe. Emily Hammond, Alfa's Director of Product, said: 'Alfa Start is for banks, captives and independents who want to be lean and invest pragmatically in a system that comes preloaded with a distilled best-practice setup, rather than recreating their existing processes and configuration from scratch. But there's still plenty of room to weave in your own DNA, and hold on to that differentiating factor. 'As we've done successfully in the UK and US, this new flavour of Alfa Start brings the power of Alfa Systems to a wider range of providers, offering an essential project accelerator that reduces cost and helps you gain a competitive edge.' Richard Olver, COO of Bibby Financial Services said: 'A lot of providers have a need to modernise their tech stack, and look at improving their businesses, and Alfa Systems is the industry gold standard. With Alfa Start we've been able to implement Alfa Systems rapidly and cost-effectively. Thanks to the automation now available, our teams spend more time delivering value for our clients and business partners.' Alfa Start for European Asset Finance provides local languages and currencies, accounting standards and built-in bank reports; as well as integrations for e-signature, single sign-on, SEPA payments and more; and eliminates infrastructure overheads through proactively managed, single-tenant SaaS
