United Trust Bank partners with Alfa in digital transformation
United Trust Bank partners with Alfa in digital transformationJun 17, 2022
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Industry’s June LGBTQ+ Community event
Industry’s June LGBTQ+ Community eventJun 07, 2022
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Tomorrow’s Journey and Alfa join forces with a subscription solution for the future
Tomorrow’s Journey and Alfa join forces with a subscription solution for the futureJun 06, 2022
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Lloyds Bank partners with Alfa to enhance asset finance journeyLloyds Bank has partnered with software specialist Alfa to enhance its asset finance proposition. The lender is to transition to Alfa Systems v5, a modern cloud-based system that automates its asset finance solution’s customer servicing, income collection and recovery and pay-out handling. With a planned roll out of the system later this year, Lloyds Bank will also use API connectivity to deliver a fully digital asset finance journey to customers.
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CarMax Auto Finance finds success with Alfa SystemsAlfa, provider of Alfa Systems, a leading software platform for auto and asset finance, has released details of a successful implementation project with CarMax Auto Finance (CAF), the finance arm of CarMax, the largest used car retailer in the US. The project, which spanned four years, saw the two companies develop a strong collaborative partnership to deliver a major systems upgrade.
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Alfa reports Q1 rise in revenues and chargeable daysAlfa Financial Software has reported strong revenue growth in the first quarter of the year, hitting £22.5m, up more than 10% on the same period last year. The company, a leading developer of mission-critical software for the asset finance industry, worked more chargeable days in March than at any time in its history, and said it expects these high levels of chargeability to continue.
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Alfa posts strong financial performance in 2021Alfa Financial Software, a leading developer of software for the asset finance industry, has reported a strong financial and operational performance in its full year 2021 results. Revenue for the twelve months ending 31 December 2021 hit £83.2 million, up 5% on the previous year, while operating profit increased by 3% to £24.7 million.
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Alfa launches second paper in agile implementation seriesAsset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has published the second paper in its new thought leadership series, Innovation in Implementation. The paper focuses on data migration, often thought of as the most challenging aspect of a systems implementation project. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.
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Alfa lands first customers for AI venture, Alfa iQAlfa has secured its first revenue generating work for Alfa iQ, a partnership between the asset and auto finance industry technology specialist and Bitfount, which combines decades of sector expertise with deep artificial intelligence and machine learning capabilities. The intelligence platform enables customers to make better decisions and to adapt quickly to changing market conditions through these methods.
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Asset Finance Europe 50 2021 - delivering growth in a complex marketThe annual ranking of Europe’s leading asset finance providers reveals today the leasing companies that delivered industry growth during a year in which the pandemic reshaped global trade. The Asset Finance Europe 50 is the unique European annual ranking survey of business equipment and fleet lessors that provides an objective overview of all parts of the regions’ leasing market. The research reveals that the industry managed to maintain overall growth despite the impact of the pandemic, although at much lower levels than previous years, as expansion for some providers was offset by reduced receivables for others.
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PEAC Finance finds a platform for growth in Alfa SystemsPEAC Finance has completed a major project to upgrade Alfa Systems, alongside the implementation of new business for the Barclays Asset Finance operation which the European SME lending specialist acquired at the end of June. Completed in July 2021, the upgrade to Alfa Systems version 5.6 gave PEAC access to a wealth of new features, including support for risk-free interest rate products and usage-based billing, alongside a comprehensive redesign of the user interface to improve user experience and increase operational efficiency.
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Alfa launches agile implementation seriesAsset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has announced a new thought leadership series, Innovation in Implementation. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.
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Alfa names three chosen charities for 2021Asset and automotive finance industry technology specialist Alfa has named three charities it will be supporting for 2021 and beyond, as part of the software vendor’s commitment to creating a positive impact. Its choices reflect Alfa’s intention to tackle key environmental and social issues.
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