HTB Invests in Alfa Systems
Hampshire Trust Bank, one of the UK’s most ambitious challenger banks, has announced a new investment in the Alfa Systems software platform.
Hampshire Trust Bank’s (HTB) specialist business finance division today announces that it has invested in Alfa Systems, the leading asset finance software provided by Alfa. This investment in Alfa’s cloud-based platform is integral to HTB’s digital strategy to deploy ‘best in breed’ software and services.
The asset finance specific leasing administration system uses leading digital technologies to deliver functionality, scalability and performance. The software streamlines operations through automation and enables both high-volume transactions and complex leases. This will help to drive a clear and complete customer journey from originations, to point of sale and collections and recovery.
Paul Bartley, Managing Director, Asset Finance division at HTB said: “We are delighted to have partnered with Alfa. The Alfa Systems platform will prove to be a great investment as we establish the foundations for our reformed specialist asset finance division. This demonstrates the significant commitment of the board and executive team to the growth of the asset finance division. We anticipate that this software will give us 300% more functionality and significantly improve our settlement and payout turnaround times to help us better serve our customers and suppliers.”
Andy Denton, Alfa’s Chief Executive Officer, said: "We’re thrilled to be collaborating on this rapid implementation with HTB, a challenger bank with big aspirations and a clear view of how they’ll achieve them. Most of all we’re happy to work with such a capable group of people."