"We anticipate that this software will give us 300% more functionality and significantly improve our settlement and payout turnaround times"
Hampshire Trust Bank has invested in asset finance software, Alfa Systems.
Alfa’s cloud-based platform uses digital technologies to deliver functionality from originations, to point of sale and collections and recovery.
The software streamlines operations through automation and enables both high-volume transactions and complex leases.
Paul Bartley, managing director of HTB's asset finance division, commented: “We are delighted to have partnered with Alfa. The Alfa Systems platform will prove to be a great 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.”
Andy Denton, Alfa’s chief executive officer, added: "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."