The second of six releases that will culminate in the full launch of Alfa Systems 6 later in 2024 has been announced by Alfa, setting a new standard for excellence in originations for asset finance.
Entitled Total Capability, the release introduces Total Originations, an advanced originations product designed for all markets but particularly for the US auto finance sector.
Covering direct and indirect lending, from quoting to funding, Total Originations represents an integrated part of the Alfa Systems platform, offering customers the full spectrum of Alfa Systems' best-in-class capabilities.
Watch Total Originations in action:
Total Originations in Alfa Systems 6 (Europe) from Alfa on Vimeo.
Emily Hammond, Alfa’s Head of Product, said: “We're seeing a dynamic shift in the market landscape, with new asset types, increased accessibility to customer data, and the adoption of innovative technologies that drive automation. There is also a noticeable trend towards direct lending. In response to these evolving market needs, as well as customer feedback, Alfa has expanded the functionality of our originations product to position it as the premium solution.”
Andrew Denton, Alfa’s CEO, said: “Alfa's originations functionality is already well established, serving notable brands with international reach. Total Originations offers further choice and versatility, allowing finance providers to design their own lending capabilities, releasing valuable resources to focus on more complex, higher-margin transactions. Empowering lenders with unparallelled functionality, and upholding our commitment to enabling excellence in both direct and indirect lending, Alfa continues to set industry standards.”
Efficiency, the first release in Alfa Systems 6, introduced Compose: superpersonalised screen design. The third release, satisfying emerging business models driven by net-zero and ESG regulation, will be entitled Sustainability. Alfa Systems 6 is frictionless for existing customers
