Alfa Financial Software Hldgs PLC Contract (7201S)

TIDMALFA

RNS Number : 7201S

Alfa Financial Software Hldgs PLC

08 November 2019

Alfa Financial Software Holdings PLC

New customer win

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading developer of mission critical software for the asset finance industry, is pleased to announce a new contract win with the asset finance subsidiary of a UK challenger bank.

This Alfa Start implementation in the UK is based on a highly streamlined deployment of Alfa Systems in a short timeframe with cloud hosting, licence and maintenance bundled into a monthly subscription model. We expect this will be in the lower tier by contract value relative to other Alfa implementations and expected revenues are already included in the Company's forecasting assumptions for 2019 and 2020.

Andrew Denton, Chief Executive of Alfa said:

"We are delighted to win this high-profile contract with one of the UK's most ambitious challenger banks. Our new customer's vision for the UK market is exciting and backed up by impressive leadership. We are thrilled to be supporting them on this journey. The project is deliberately compact in size but of strategic significance. This approach shows that Alfa's software is accessible for the many smaller organisations within our home market."

Enquiries

 
 Alfa Financial Software Holdings 
  PLC 
  Andrew Denton, Chief Executive 
  Officer 
  John Miller, Interim Chief Financial 
  Officer                                   +44 (0)20 7588 1800 
 Tulchan Communications LLP 
  James Macey White 
  Matt Low                                  +44 (0)20 7353 4200

Notes to Editors

Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance facilitates our delivery of large software implementations and highly complex business change projects. With an excellent delivery history over nearly three decades in the industry, Alfa's experience and performance is unrivalled.

Alfa Systems, our class-leading technology platform, is at the heart of some of the world's largest asset finance companies. Key to the business case for each implementation is Alfa Systems' ability to replace multiple client systems on a single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, Alfa Systems provides compelling solutions to asset finance companies.

Alfa Systems supports portfolios in 20 countries and Alfa has offices in Europe, Asia-Pacific and North America. For more information, visit www.alfasystems.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

CNTUGGWPGUPBPUM

(END) Dow Jones Newswires

November 08, 2019 02:00 ET (07:00 GMT)

Alfa Financial Software (LSE:ALFA)
Historical Stock Chart
From Jun 2024 to Jul 2024