20 July 2017
Download the paper now.

A&L signs for TietoEnator's hosted Instalment Credit Suite

06 March 2007  |  4976 views  |  0 TietoEnator

Alliance & Leicester Commercial Bank (ALCB) has signed a five year contract for TietoEnator's hosted Instalment Credit Suite application, which it uses to manage portfolio of asset finance contracts.

The bank has been using the application for a number of years but under the new agreement TietoEnator will provide ALCB with hosting and 24 hour IT support for the system.

The project will see the bank migrate from a VMS to a Unix platform, which will create a more integrated IT infrastructure on one of Alliance & Leicester's core operating platforms, says the vendor.

Dave Storey, systems administration manager, ALCB, says a 24 hour hosted service will bring greater efficiencies to operations, particularly if overnight processing should fail: "Round the clock monitoring of the system offers the business a crucial safety net and guarantees service excellence for our customers."

The terms of the deal also include the development of a dealer front end system that will provide online quotations and application submission for internal users, external sales staff and brokers.

The system will replace paper-based forms with electronic contract documentation and fully automated underwriting - including automatic credit searching - and will provide straight-through processing of applications and documentation.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

A&L online bill payment transactions top one million

A&L online bill payment transactions top one million

02 March 2007  |  6015 views  |  0 comments
TietoEnator hires Richard Gammon to head UK financial solutions unit

TietoEnator hires Richard Gammon to head UK financial solutions unit

25 January 2007  |  10704 views  |  0 comments
A&L introduces automated Post Office system for business customers

A&L introduces automated Post Office system for business customers

05 January 2007  |  4767 views  |  0 comments
TietoEnator buys Swedish capital markets software outfit Abaris

TietoEnator buys Swedish capital markets software outfit Abaris

04 January 2007  |  5597 views  |  0 comments
TietoEnator reports EnterCard contract

TietoEnator reports EnterCard contract

03 January 2007  |  6726 views  |  0 comments
Alliance and Leicester to introduce mobile banking

Alliance and Leicester to introduce mobile banking

06 December 2006  |  12109 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ncr.comvisit www.www.fisglobal.comvisit www.finastra.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
12291 views comments | 19 tweets | 15 linkedin
EPC gears up for pan-European instant paymentsEPC gears up for pan-European instant paym...
9611 views comments | 10 tweets | 28 linkedin
Man trapped in ATM slides 'help me' notes through receipt slotMan trapped in ATM slides 'help me' notes...
9510 views comments | 8 tweets | 20 linkedin
Festy unveils digital currency payments wristbandFesty unveils digital currency payments wr...
8985 views comments | 11 tweets | 7 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
8411 views comments | 14 tweets | 20 linkedin

Featured job

Competitive
Frankfurt, Germany or CEE Region

Find your next job