27 July 2016
Find out more

La Banque Postale uses Cassiopae software to launch real estate finance business

15 January 2014  |  852 views  |  0 Source: Cassiopae

Cassiopae, a global finance software provider, announces that La Banque Postale has implemented Cassiopae lending and leasing software to support the bank's real estate finance business.

La Banque Postale is the French Post Office's banking subsidiary. The bank's services include retail banking, insurance, and asset management. In 2012, La Banque Postale made the strategic decision to enter the real estate finance market.

"We identified a number of opportunities around being able to provide a real estate leasing solution for medium companies," said Eric François, Managing Director at La Banque Postale's credits enterprise subsidiary. "To enter the market, we needed proven, flexible leasing software that could grow with us in this market and others we might envision. Cassiopae gave us the platform we were looking for and enabled us to successfully launch a real estate leasing activity."

La Banque Postale's Cassiopae implementation is a hosted solution. The initial project took about 3 months, going live in November 2012. The implementation expanded in 2013 to accommodate more complex deals and automated accounting interfaces. 2014 will bring SEPA transfer among other project milestones.

The bank's real estate finance portfolio currently includes leases from 1M€ to over 30M€ with a total outstanding balance of over 200M€.

"After just one year in production, we have already achieved a good return on our Cassiopae investment," said François.

"It's always exciting to have the opportunity to participate in a new business," said Franck Jacovlev, EMEA Finance Market Director at Cassiopae. "The project emphasizes that Cassiopae's core leasing and lending functionality, and the software's adaptability, can serve as a key platform for businesses looking to enter new markets or geographies. Its success is also a testament to our agile methodology," Jacovlev added.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit VocaLink.comVisit capgemini.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9503 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9412 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
8244 views comments | 19 tweets | 25 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6368 views comments | 15 tweets | 19 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
6050 views 0 | 10 tweets | 3 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job