HTB Invests in a Cloud-based Platform by Alfa

By CIOReview | Wednesday, November 20, 2019
Andrew Denton, CEO

Andrew Denton, CEO

HTB has invested in Alfa's cloud-based platform. How is this going to benefit both the companies?

FREMONT, CA: The specialist business division finance of Hampshire Trust Bank (HTB) has announced its investment in Alfa Systems, the asset finance software offered by Alfa. This investment in Alfa's cloud-based platform is crucial to the digital plan of HTB of deploying 'best in breed' software and services.

The leasing administration system specific to the asset utilizes leading digital technologies for delivering scalability, functionality, and performance. The software helps in streamlining operations via automation and allows both high-volume tractions and intricate leases. This will aid to drive a clear and complete client journey from the origin to the point of sale, collections and recovery.

Alpha Systems, the leading asset finance software, can combine various client systems on one platform, which acts as a key to the business case for every implementation. The system supports retail as well as corporate business for equipment, auto, dealer finance and wholesale on multijurisdictional bases, including loans/leases, originations and servicing. The system provides an end-to-end solution with integrated workflow and automated processing utilizing business rules. Alfa has been featured as one of the Top 20 Most Promising Automotive Technology Solution Providers-2017 in CIOReview.

Andy Denton, Alfa's Chief Executive Officer, said, "We're thrilled to be collaborating on this rapid implementation with HTB, a challenger bank with big aspirations and a clear view of how they'll achieve them. Most of all, we're happy to work with such a capable group of people."

Paul Bartley, Managing Director, Asset Finance division at HTB, said, "We are delighted to have partnered with Alfa. The Alfa Systems platform will prove to be a Top Automotive Technology Companiesgreat investment as we establish the foundations for our reformed specialist asset finance division. This demonstrates the significant commitment of the board and executive team to the growth of the asset finance division. We anticipate that this software will give us 300% more functionality and significantly improve our settlement and payout turnaround times to help us better serve our customers and suppliers."