Ann: GENERAL: FIN: New St George Order and Change

• Release Date: 09/05/14 11:37
• Summary: GENERAL: FIN: New St George Order and Change of Company Secretary
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					FIN
09/05/2014 09:37
GENERAL

REL: 0937 HRS Finzsoft Solutions Limited

GENERAL: FIN: New St George Order and Change of Company Secretary

9th May 2014

Announcement

NEW ST GEORGE ORDER FOR FINZSOFT FINANCE SOFTWARE AS INTEGRATION OF CFAL
CONTINUES

CHANGE OF COMPANY SECRETARY

AUCKLAND 9th May 2014 - Finzsoft Solutions (NZX:FIN) has received its latest
material work order from St George Bank in Australia as part of the roll out
of Finzsoft's Sovereign finance software across the Auto and Equipment
Finance portfolio of Capital Finance Australia Limited (CFAL).

St George, a division of Westpac Banking Corporation, acquired CFAL from
Lloyds Banking Group Australia last year.

Finzsoft Managing Director, Andrew Holliday says the latest work order covers
the next phases of the migration and conversion programme to integrate CFAL's
portfolio into St George, which is a long-term Finzsoft client.  St George
uses Finzsoft's finance software and solutions across its vehicle and
equipment finance businesses in Australia.

Holliday says "Finzsoft's role in the integration of CFAL represent some of
our largest orders by value.  The latest work order sets up the framework
that subsequent work orders will flow from over the next 14 months as the
integration of CFAL is completed."

Auckland based Finzsoft provides banking and finance software and solutions
to service banks and financial institutions.  For St George, Finzsoft's
Sovereign technology enables seamless straight-through-processing of
asset-backed loans, like car loans, at the point of sale, including a newly
licenced integrated mobile offering that allows documents to be captured
and/or signed on a mobile device.

"The integrated tablet app is part of the technology being deployed across
CFAL to help streamline the loan origination process. Customers can apply for
finance in real-time and the banks representative or dealer can capture all
of the required information on their iPad. The app is fully integrated with
the business's process management system, so the completed documents are
transferred automatically, removing the potential for handling error."

"It's smart tech - automated and paperless so clients can seal more deals
with a 100% security and accuracy," says Holliday.

"2014 is an important year for the banking and finance industry to meet the
technology demands of a dynamic and mobile-oriented market.  As an
established Financial Technology company, Finzsoft has "tier one clientele
and growing cash flow and revenue."

Paul Men's an independent contractor has ceased to provide services as Chief
Financial Officer to the company.  Financial Controller Nadine Baker has been
appointed as Company Secretary.

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 financial software and solutions providers for
banks and financial institutions in Australasia.

ENDS

For more information please contact:
Andrew Holliday
Managing Director
Finzsoft Solutions
Mobile: 021 355 492
Email: [email protected]
End CA:00250279 For:FIN    Type:GENERAL    Time:2014-05-09 09:37:12