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Hampshire Trust Bank invests in asset finance provider Alfa Systems

Specialist bank Hampshire Trust Bank’s business finance division has announced an investment in London-based asset finance software provider Alfa Systems in a bid to propel the Bank’s strategy in deploying efficient software and services.

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.”

The supplier states that the asset finance system leverages digital technologies for the delivery of functionality, scalability, and performance and aims to simplify operations through automation. It also enables high volume transactions and complex leases.

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.”

Hampshire Trust Bank

HTB is a specialist bank that provides savings accounts to individuals and businesses including SMEs, with an aim to boost the British economy.

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