FIN 0.00% $1.13 finzsoft solutions limited

Ann: GENERAL: FIN: Finzsoft Solutions Secures New

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    • Release Date: 23/01/14 19:20
    • Summary: GENERAL: FIN: Finzsoft Solutions Secures New St George Order
    • Price Sensitive: No
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    					FIN
    23/01/2014 17:20
    GENERAL
    
    REL: 1720 HRS Finzsoft Solutions Limited
    
    GENERAL: FIN: Finzsoft Solutions Secures New St George Order
    
    23 January 2014
    
    Announcement
    
    FINZSOFT SOLUTIONS SECURES NEW ST GEORGE ORDER FOR ITS FINANCE SOFTWARE
    
    AUCKLAND 23 January 2014 - Finzsoft Solutions (NZX:FIN) has received the
    first material work order from St George Bank in Australia to assist with the
    integration of the Auto and Equipment Finance business of Capital Finance
    Australia Limited (CFAL) recently acquired from the Lloyds Banking Group
    Australia.
    
    The Auckland-based banking and finance software company is an established and
    proven long term provider of its finance software to the vehicle and
    equipment finance businesses of St. George - a division of Westpac Banking
    Corporation.  The completion of Westpac's $1.45 billion deal to acquire CFAL
    business and portfolios from Lloyds will now see Finzsoft's finance software
    used across the portfolio.
    
    Finzsoft Managing Director, Andrew Holliday, said the company had received
    the first work order to begin the project.  "Finzsoft's current contracts,
    including this roll out, could see Finzsoft's current revenue increase by up
    to 50 percent in each of the next two to three financial years."
    
    Andrew Holliday says that Finzsoft's proven proprietary solution is secure,
    simple, paperless and automated.  It enables the Bank to offer seamless
    straight-through-processing of asset-backed loans, like car loans, at the
    point of sale, including an integrated mobile offering that allows documents
    to be captured and/or signed on a mobile device."
    
    Finzsoft has offices in Singapore, Malaysia, Australia and Auckland and
    employs in excess of 40 staff. Since its launch 25 years ago, the company
    has become one of the leading providers of software for banks and financial
    institutions in Australasia. ENDS
    
    For more information please contact:
    Andrew Holliday
    Managing Director
    Finzsoft
    Mobile: 021 355 492
    Email: [email protected]
    End CA:00246331 For:FIN    Type:GENERAL    Time:2014-01-23 17:20:07
    				
 
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