FIN 0.00% $1.13 finzsoft solutions limited

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

  1. lightbulb Created with Sketch. 2
    • Release Date: 09/05/14 11:37
    • Summary: GENERAL: FIN: New St George Order and Change of Company Secretary
    • Price Sensitive: No
    • Download Document  3.13KB
    					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
    				
 
watchlist Created with Sketch. Add FIN (NZSX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.