Solifi’s latest ABL software release enhances efficiency and customer experience
Solifi’s latest ABL software release enhances efficiency and customer experienceOct 30, 2023
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Merchant West Group successfully upgrades to Solifi ABLSolifi has announced that Merchant West Group, a privately-owned South African financial institution, has successfully upgraded to Solifi ABL on the Open Finance Platform. Merchant West Group was previously operating on a legacy system that was several versions behind and could no longer receive updated functionality.
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Cutting edge tech unlocks opportunities for South Africa’s Merchant West“For years people have been writing off the South African economy, but with the possible exception of the global credit crunch in 2008-2009 and the Covid-19 pandemic, business has been great here,” Mike Brandon, managing director of the working capital division of Merchant West, an independent South African lender, told Asset Finance Connect when we asked him about trading conditions in the country.
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Solifi Global Leasing Report 2023 reveals growth as the leasing industry emerges from the pandemicThe new Solifi Global Leasing Report 2023 reveals a promising 9.3% increase in new business volumes in 2021, as the global leasing industry emerged from the pandemic and equipment investments rebounded. The report highlights that the top 50 countries reported new business volume of US$1.463 billion in 2021, up from US$1.338 billion in 2020.
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Solifi expands its European asset finance customer portfolioSolifi has announced the addition of a leading German transport equipment manufacturer to its European asset finance customer portfolio. Under the new pan-European agreement, Solifi will implement its end-to-end Originations and Portfolio Management solution initially across four European countries in support of the customer’s financing business.
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Solifi announces new partnership with One Auto APISolifi has announced its newest technology partnership with One Auto API to expand Solifi’s DataDirect™ services in the UK on a pay-per-use platform. This partnership offers small and large retail, fleet, dealer, and insurance customers instant and easier access to comprehensive vehicle data from multiple sources in a single application programming interface (API).
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Solifi’s latest ABL release sets the stage for 2023 enhancementsSolifi has announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to improve both the lender and borrower experiences through greater risk management controls, efficiency gains with loan syndication data and automated workflows, and self-service white-label capabilities to brand the ABL borrower portal.
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Solifi and Codat partner to offer integrated informed insightsGlobal fintech software partner for secured finance, Solifi has announced its newest technology partnership with Codat to make it easier for asset-based lending (ABL) firms to make smarter, faster, and actionable credit decisions. Using pre-built APIs, Codat enables consented business data from small- and medium-sized business (SMB) banking, accounting, and commerce platforms to integrate into operational systems in real time.
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Solifi’s Originations powers sophisticated financing models with latest releaseGlobal fintech software partner for secured finance, Solifi, announced the release of its latest version of Solifi Originations for European equipment and automotive finance lenders. The new features are designed to support UK contract-hire use cases, quote for more sophisticated variable rate products, and support for rent-to-own Mietkauf financing products in German markets. With Solifi’s SaaS-based open finance platform, lenders receive innovative product releases monthly with feature flags allowing more flexible control in deploying new functionality.
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Solifi’s latest ABL release enhances real-time portfolio visibility and risk-management controlsSolifi has announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to improve the lender and borrower experience through self-service functionality, gain insights into portfolio risk, and increase efficiencies through enhanced audit compliance and visibility. Solifi’s ongoing product development delivers innovation quickly through its software-as-a-service (SaaS)-based open finance platform, allowing customers to focus on building their business and onboarding new customers.
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Solifi ABL passes $1bn in loans outstanding on SaaS platformSolifi, a global fintech software partner for secured finance, announced its Solifi Asset-Based Lending (ABL) software-as-a-service (SaaS) solution on its open finance platform now supports more than $1bn in loans outstanding for lenders globally.
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Solifi selected for great places to work list by The Secured LenderThe Secured Lender have named Solifi in its inaugural 2022 Great Places to Work list. This recognition is testament to Solifi’s commitment in attracting and retaining talent through a range of initiatives, including an entrepreneurial company culture, competitive compensation, diversity, equity, and inclusion (DEI), work-life balance, and attractive perks.
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Solifi named top 10 banking tech solution provider by MyTechMagSolifi, a global fintech software partner for secured finance, announced MyTechMag named Solifi as one of the world’s top 10 banking technology solution providers in 2022. Solifi was recognised for its innovative fintech solutions built on the company’s software-as-a-service (SaaS)-based open finance platform.
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Solifi Wholesale Finance release delivers enhanced asset risk managementSolifi, a global fintech software partner for secured finance, have announced the release of its latest version of Solifi Wholesale Finance SaaS solution, which includes several new automated features to better manage inventory audits, provide real-time reconfirmation of order commitments, and further streamline transactions. As more dealers and wholesale finance lenders look to replace manual and repetitive processes with digital solutions, these latest features deliver smarter ways to finance and manage assets through automation.
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Solifi named in 2022 IDC FinTech Top 100For the second consecutive year, global fintech software partner for secured finance, Solifi™ announced it was named in the 2022 IDC FinTech Rankings. The 19th annual vendor ranking recognises the world’s top 100 leading hardware, software, and service providers to the financial services industry.
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Kawasaki Motors Finance Corporation optimizes with Solifi’s Wholesale Finance platformSolifi™, a global fintech software partner for secured finance, announced Kawasaki Motors Finance Corporation (KMFC) – the captive finance arm of Kawasaki Motors Corp. U.S.A., an established global distributor of powersports vehicles – migrated its entire U.S. operations to the Solifi Wholesale Finance software-as-a-service (SaaS) platform in December 2021. This implementation moved 1,700 dealers and 53,000 loans from an ageing legacy mainframe to modernized technology for a seamless user experience that provides solutions to optimize and grow KMFC’s business.
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Solifi’s latest ABL release elevates customer and lender experienceSolifi™, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to provide a richer experience for customers and lenders, mitigate risk, and streamline processes.
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