FINZSOFT ANNOUNCES INCREASE IN ORDER BOOK

Tuesday 16th 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.

Comments from our readers

No comments yet