FIN
16/06/2015 15:07
GENERAL
NOT PRICE SENSITIVE
REL: 1507 HRS Finzsoft Solutions Limited
GENERAL: FIN: Finsoft Announces Increase in Order Book
AUCKLAND 16 June 2015 - Finzsoft Solutions Limited (NZX:FIN) today announced
an increase in its order book that will extend the Company's work on the
integration of Capital Finance Australia (CFAL)'s portfolios into St George,
a division of Westpac Banking Corporation, through to September 2015.
St George uses Finzsoft's software and solutions across its vehicle and
equipment finance businesses in Australia. Since St George acquired CFAL from
Lloyds Banking Group Australia last year, Finzsoft has secured multiple work
orders to integrate CFAL's portfolios into St George, including the award of
a major back book migration project.
Finzsoft Managing Director, Andrew Holliday said: "During 2014 our order book
showed a strong growth, largely out of Australia. An extended order from St
George continues this trend, and we are aware of potential new work orders
through to 2016."
Mr Holliday says that Finzsoft's focused efforts in Australia are resulting
in a growing awareness of the Company's solutions amongst Tier One
organisations in the region. The Company presented its approach to the major
Australian banks, Fintech start-ups and innovators, and NSW government and
regulatory representatives at the inaugural Stone & Chalk Fintech Hub
conference in Sydney last week.
"We will continue to support our Australian team with products and
initiatives that clearly differentiate Finzsoft as a leading provider of
transformational products for the banking and finance sector," says Holliday.
Stone & Chalk is an independent, industry led initiative that brings together
Fintech entrepreneurs, VCs, corporates and the NSW government to incubate and
nurture financial services-focused start-ups. Finzsoft is the only New
Zealand-based Fintech institution to be a founding corporate partner,
alongside other foundation partners including Westpac, Macquarie Bank, ANZ,
HSBC, IAG, American Express, Veda and KPMG. Stone & Chalk will open its
Fintech hub in July on level 2, 50 Bridge Street in Sydney's CBD.
-ends -
About Finzsoft Group:
Finzsoft Group, a Silverlake Axis Group Company, creates innovative,
transformational products and services designed around the people that use
them. Since its launch over 25 years ago, the company has provided financial
software and solutions for banks and financial institutions in Australasia.
Finzsoft has offices in Singapore, Malaysia, Australia and Auckland and
employs over 90 people. www.finzsoft.com
For more information please contact:
Andrew Holliday
Managing Director
Finzsoft Solutions Ltd
Mobile: 021 355 492
Email: [email protected]
End CA:00265761 For:FIN Type:GENERAL Time:2015-06-16 15:07:18
