SWORD-APAK
Bank11 , a fast growing vehicle finance provider in Germany, has gone live with Sword Apak’s wholesale finance system, WFS. The new implementation is expected to help Bank11 expand its dealer finance operation by strengthening existing dealer relationships as well as supporting plans to win new business in the German auto-finance industry.
WFS was implemented at Bank11 within six months to provide a future proof and flexible wholesale funding solution, which is hosted from Sword Apak’s data centre based in Frankfurt. With comprehensive ‘Dealer Self Service’ functionality in WFS, Bank11 can enable its dealers to manage their floorplan accounts, make new and used vehicle funding requests, payoff existing loans and view payment history. Embedded ‘User Configurability’ in the application also means Bank11 users have greater control over managing system changes in WFS, reducing the requirement for more protracted and costly software development.
André Thomas, IT Director at Bank11, sees the new implementation as an important step forward in helping the bank to achieve its strategic business objectives. “We selected Sword Apak because of our confidence in their ability, professionalism and unrivalled experience of delivering and supporting wholesale finance systems. WFS has empowered us to provide a significantly improved level of customer service to our dealers, who have been impressed with the depth and breadth of functionality available in the software, as well as the overall user experience.” Mr. Thomas added, “In our view, Sword Apak’s WFS system has become the benchmark for wholesale finance solutions.”
Working in partnership with Bank11’s banking IT specialist, GAD, was essential to the project’s success so that WFS would meet local market requirements. GAD provides the banking and IT infrastructure to over 400 banks in Germany including Bank11. Sword Apak’s WFS system was successfully integrated with GAD’s core banking system, Bank21, for dealer payment processing and accounting. An interface to vehicle data experts, DAT, was also implemented, providing easy data entry for the dealer as well as real-time valuations of the asset.
James Powell, Sales Director for Sword Apak, recognises the importance of the company’s latest customer win. “It has been a pleasure working with Bank11’s team and we are delighted that the project has gone so well. Our latest implementation represents another significant milestone for Sword Apak having met the primary market requirements for supporting banks’ local dealer finance operations in Germany. With WFS, we believe Bank11 is well placed to offer a complete wholesale funding facility that will help the bank to rapidly grow its auto finance business.”
WFS is provided to Bank11 on an ASP basis and is hosted from Sword Apak’s data centre located in Frankfurt. The purpose built facility is available 24x7x365 and has been accredited with both ISO 27001 and ISO 9001 certifications.
Notes to Editor
About Sword Apak
Sword Apak (part of the Sword Group NYSE Euronext: FR0004180578 SWP) has over 30 years’ experience of providing specialist Wholesale Floorplanning solutions. Supporting dealers in more than 20 countries, Sword Apak is recognised as a worldwide market leader in systems for the automotive and equipment based finance sector.
Contact:
Sword Apak
Mark Johnson,
+44-(0)-1454-871000
mark.johnson@sword-apak.com
www.sword-apak.com
Link:
Information om Business Wire
Følg pressemeddelelser fra Business Wire
Skriv dig op her, og modtag pressemeddelelser på e-mail. Indtast din e-mail, klik på abonner, og følg instruktionerne i den udsendte e-mail.
Flere pressemeddelelser fra Business Wire
REI Super Selects SS&C For Superannuation Administration1.5.2025 05:00:00 CEST | Press release
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that REI Super (“REI”), the superannuation fund for Australia’s real estate industry, has signed a long-term agreement to partner with SS&C. REI selected SS&C to serve as the fund’s administrator following a competitive tender process. SS&C Global Investor & Distribution Solutions (GIDS) will provide REI with superannuation administration services and streamlined operations support to its 24,000 members across Australia. REI will benefit from SS&C’s local administration expertise, supported by its global investment in digital service channels, automation and artificial intelligence to enhance the member experience. “As one of Australia’s longest-standing superannuation funds, our focus has always been on serving our members,” said Jarrod Coysh, CEO of REI Super. “SS&C’s extensive track record in fund administration and innovative technology make them the ideal operations partner to help us best meet our members’ needs.” “W
Svante and Mercer International Advance Carbon Capture Project at Alberta Pulp Mill1.5.2025 03:25:00 CEST | Press release
Svante Technologies Inc. (Svante), a leader in carbon capture and removal technology, today announced that its joint carbon capture and storage project with Mercer International Inc. (Mercer) has advanced to the Front-end Engineering and Design Phase 2 (FEL-2). Also known as Pre-FEED, this phase involves engineering, cost estimation, and risk analysis to evaluate the project's commercial viability. Mercer is a global producer of sustainably sourced forest products, including pulp, lumber, mass timber, biomass-based green energy, and bioextractives. The carbon capture project targets biogenic CO2 emissions from Mercer’s Peace River pulp mill, where the biomass (fibre) is sourced from sustainably managed forests. Advancing to the Pre-FEED stage will support further development of the integrated design, cost estimates, and risk assessments—key steps toward a final investment decision and potential implementation. This milestone reflects the growing momentum for carbon capture solutions wi
Andersen Global udvider sin europæiske værdiansættelseskapacitet gennem samarbejde med Value & Risk Valuation Services1.5.2025 03:03:00 CEST | Pressemeddelelse
Andersen Global fortsætter med at styrke sin værdiansættelseskapacitet gennem en samarbejdsaftale med Value & Risk Valuation Services, et fremtrædende europæisk værdiansættelsesfirma med hovedsæde i Tyskland og kontorer i Luxembourg og Østrig. Value & Risk Valuation Services blev grundlagt i 1996 og er et ledelsesejet firma, der har specialiseret sig i værdiansættelse af finansielle aktiver på tværs af forskellige aktivklasser og med varierende kompleksitet. Firmaet leverer også supplerende tjenester, herunder uafhængig prisverifikation (IPV), risikoanalyse og analyse af transaktionsomkostninger. Siden 2009 har virksomheden været ledet af Gil Bender, som er dedikeret til at levere kundecentrerede værdiansættelsesløsninger af høj kvalitet. Som en af de få europæiske udbydere, der tilbyder eksterne værdiansættelsestjenester i overensstemmelse med det europæiske direktiv om forvaltere af alternative investeringsfonde (AIFMD), opretholder Value & Risk de højeste industristandarder for over
From Scalable Solutions to Full-Stack AI Infrastructure, GIGABYTE to Present End-to-End AI Portfolio at COMPUTEX 20251.5.2025 03:00:00 CEST | Press release
GIGABYTE Technology, a global leader in computing innovation, will return to COMPUTEX 2025 from May 20 to 23 under the theme "Omnipresence of Computing: AI Forward." Demonstrating how GIGABYTE’s complete spectrum of solutions spanning the AI lifecycle, from data center training to edge deployment and end-user applications reshapes the infrastructure to meet the next-gen AI demands. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250428101781/en/ From Scalable Solutions to Full-Stack AI Infrastructure, GIGABYTE to Present End-to-End AI Portfolio at COMPUTEX 2025 As generative AI continues to evolve, so do the demands for handling massive token volumes, real-time data streaming, and high-throughput compute environments. GIGABYTE’s end-to-end portfolio - ranging from rack-scale infrastructure to servers, cooling systems, embedded platforms, and personal computing—forms the foundation to accelerate AI breakthroughs across industr
Carl Haney, Executive Vice President, Global Innovation and Research & Development to Depart The Estée Lauder Companies1.5.2025 00:00:00 CEST | Press release
Today, The Estée Lauder Companies Inc. (NYSE: EL) announced that Carl Haney, Executive Vice President, Global Innovation and Research & Development (R&D), will depart the company effective June 30, 2025 to pursue new opportunities. With Carl’s transition, the company intends to bring in new external talent to drive the next era of transformative innovation in line with its strategic vision of becoming the best, most consumer-centric, prestige beauty company in the world. “Over the past decade, Carl has forged impactful partnerships at the forefront of scientific innovation and delivered breakthrough products and superior formulations across categories, benefits and occasions, while fueling corporate innovation and advanced technologies,” said Stéphane de La Faverie, President and Chief Executive Officer, The Estée Lauder Companies. “As we look to the future and delivering our bold Beauty Reimagined vision, we will transform our approach to innovation across the company—which includes e
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter samt finde vores kontaktoplysninger.
Besøg vores nyhedsrum