TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
October 30, 2024
Source: Solifi
Solifi’s market leading automotive finance solution will support the financier's growth and new product expansion in the Australian market
MINNEAPOLIS, U.S. and MILTON KEYNES, U.K. |30 Oct. 2024 Solifi, a global fintech software partner for secured finance, announced that Allied Credit Group, an Australian-based automotive and equipment finance organization, will implement the company’s Open Finance Platform SaaS solutions in support of its Automotive novated lease offering.
A novated lease is a salary packaging option that allows employees to pay for a vehicle and its running costs from their pre-tax salary. It is a three-party agreement between an employee, their employer and the financier. It is a popular offering in the Australian market due to preferential taxation, especially for EVs.
As part of Allied Credit’s aim to take advantage of a growing market opportunity, the business sought to work with a proven solution provider. Solifi has supported novated leases for customers in Australia for many years, making the provider the obvious choice for the financier.
“Allied was looking for a provider with a track record of successful delivery and assessed Solifi to be the superior solution. We have been supporting novated leases for other Australian financiers for many years” said Duncan Smith, Managing Director - APAC at Solifi . “Our SaaS model is aligned to Allied Credit’s overall strategy and allows them to get product to market quickly and efficiently.”
“It is important for Allied to get up and running quickly to diversify our product offering for the benefit of our current and future partners,” said Jon Moodie, CEO at Allied Credit. “We believe that Solifi’s end-to-end solution will get us to market and importantly drive speed-to-value quickly, and our previous experience of working with Solifi gives us comfort that we can work collaboratively with them to deliver a market-leading solution”.
“We have plans to create some unique competitive advantages for Allied in the novated lease segment, and we are actively considering how we can use the configurability of Solifi’s solutions to later bring additional leasing products to market,” said Brett Morgan, Allied Credit Head of Leasing.
About Solifi
Celebrating 50 years of business, Solifi is a Fintech 100 provider for equipment, working capital, wholesale, and automotive finance firms. Our mission is to reshape finance technology by bringing together proven solutions into a singular powerful technology platform designed to help you protect and scale your business. We guard your company by being precise and reliable, we guide you to success by combining powerful technology with proven expertise, and we help you grow by unleashing the potential of your business. For more information, please visit www.solifi.com.
About Allied Credit Group
Allied Credit was established in 2010 to meet the demand from vehicle and equipment manufacturers, distributors, and dealership groups to provide branded retail and floorplan finance solutions. Its initial growth came from partnering with some of Australia’s biggest names in motorcycling, marine and recreation vehicles. Since 2018, Allied Credit has successfully offered a range of finance solutions for the automotive industry.
For more information
Company: Solifi
Contact name: Michelle Lansdowne
Phone: + 1 612 851 3200
Email address: mlansdowne@solifi.com
MINNEAPOLIS, U.S. and MILTON KEYNES, U.K. |30 Oct. 2024 Solifi, a global fintech software partner for secured finance, announced that Allied Credit Group, an Australian-based automotive and equipment finance organization, will implement the company’s Open Finance Platform SaaS solutions in support of its Automotive novated lease offering.
A novated lease is a salary packaging option that allows employees to pay for a vehicle and its running costs from their pre-tax salary. It is a three-party agreement between an employee, their employer and the financier. It is a popular offering in the Australian market due to preferential taxation, especially for EVs.
As part of Allied Credit’s aim to take advantage of a growing market opportunity, the business sought to work with a proven solution provider. Solifi has supported novated leases for customers in Australia for many years, making the provider the obvious choice for the financier.
“Allied was looking for a provider with a track record of successful delivery and assessed Solifi to be the superior solution. We have been supporting novated leases for other Australian financiers for many years” said Duncan Smith, Managing Director - APAC at Solifi . “Our SaaS model is aligned to Allied Credit’s overall strategy and allows them to get product to market quickly and efficiently.”
“It is important for Allied to get up and running quickly to diversify our product offering for the benefit of our current and future partners,” said Jon Moodie, CEO at Allied Credit. “We believe that Solifi’s end-to-end solution will get us to market and importantly drive speed-to-value quickly, and our previous experience of working with Solifi gives us comfort that we can work collaboratively with them to deliver a market-leading solution”.
“We have plans to create some unique competitive advantages for Allied in the novated lease segment, and we are actively considering how we can use the configurability of Solifi’s solutions to later bring additional leasing products to market,” said Brett Morgan, Allied Credit Head of Leasing.
About Solifi
Celebrating 50 years of business, Solifi is a Fintech 100 provider for equipment, working capital, wholesale, and automotive finance firms. Our mission is to reshape finance technology by bringing together proven solutions into a singular powerful technology platform designed to help you protect and scale your business. We guard your company by being precise and reliable, we guide you to success by combining powerful technology with proven expertise, and we help you grow by unleashing the potential of your business. For more information, please visit www.solifi.com.
About Allied Credit Group
Allied Credit was established in 2010 to meet the demand from vehicle and equipment manufacturers, distributors, and dealership groups to provide branded retail and floorplan finance solutions. Its initial growth came from partnering with some of Australia’s biggest names in motorcycling, marine and recreation vehicles. Since 2018, Allied Credit has successfully offered a range of finance solutions for the automotive industry.
For more information
Company: Solifi
Contact name: Michelle Lansdowne
Phone: + 1 612 851 3200
Email address: mlansdowne@solifi.com