HPD Lendscape joins The Spanish AEF to boost Iberian market focus

By Megha Bhattacharya

Secured lending platform provider HPD Lendscape announced that it has become an official member of The Spanish Association of Factoring (AEF) in a bid to strengthen its focus on the Iberian market, following the launch of a new Spanish language website. According to HPD, the membership will enable it to enhance its service to banks and financial institutions and boost the availability of funding to SMEs.

Kevin Day, CEO of HPD LendScape, said, “We’re thrilled to have been accepted as a member of the AEF. This collaboration ensures we stay close to the Spanish market to which we can offer new levels of support and contribute with our international industry expertise and best practices, ensuring that banks and non-bank financial institutions can continue to provide much needed funding and liquidity to Spain’s SMEs. For HPD Lendscape, it is further evidence of our growing presence in Europe as well as our focus on the Iberia region, and we look forward to working together closely with other AEF members to promote and enhance the Factoring profession in Spain.”

Last year, Allied Irish Bank (AIB) announced the migration of its receivables finance operations to a fully cloud-hosted platform with secured lending software vendor HPD LendScape. The move to cloud means AIB will be able to scale its offerings with ease and improve its funding options to small and medium-sized enterprises (SMEs) during the pandemic while taking another step towards future-proofing its IT infrastructure. HPD LendScape has also completed a major software update to AIB’s LendScape solution to provide a one-stop package of receivables finance features, including a new web portal for AIB’s SME customers that enhances user experience and the bank’s ability to offer funding.

Founded in 1988, the AEF includes almost all the specialised credit institutions in the country, representing around 75% of the total Spanish Factoring and Confirming market. It currently has 20 members, both credit institutions and other commercial entities, including major banks such as BBVA, Santander, CaixaBank and BNP Paribas. The AEF is also a Permanent Member of the Steering Committee of the EU Federation.