23 July 2017
visit www.avoka.com

Halifax selects Target for Paramount loan business

02 May 2001  |  3251 views  |  0 Halifax selects Target for Paramount loan business

Halifax Card Services has selected software from Target to support the application process and account administration of its new Paramount Bank direct loan business.

The UK bank is to use TargetSelect to track loan proposals from receipt of application through underwriting to completion or rejection and TargetCentrac to manage all loan accounts from ongoing administration and interest calculation, to collection of repayments.

The system was implemented within fourteen weeks of signing the letter of intent. Currently hosted by Target in Cardiff, the aim is to eventually transfer all processes up to the main computer centre of Halifax in Leeds.

Simon Mosley, head of business systems, Halifax Card Services comments: "As well as being very competitive on price, the ability of Target to accommodate our time-scales made them the most attractive partner. We are currently looking to Web-enable our service and Target is integral to us being able to do this."

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

Newsflash: Halifax and Bank of Scotland in merger talks

Newsflash: Halifax and Bank of Scotland in merger talks

25 April 2001  |  3601 views  |  0 comments
Halifax chooses Brocade SAN for critical data

Halifax chooses Brocade SAN for critical data

24 April 2001  |  2824 views  |  0 comments
Brief: Halifax to sell Hemscott analysis

Brief: Halifax to sell Hemscott analysis

05 April 2001  |  3027 views  |  0 comments
Halifax to manage risk with SunGard

Halifax to manage risk with SunGard

26 March 2001  |  3594 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.finastra.comvisit vasco.com/news/PSD2-compliant-solutionsvisit www.ncr.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
14152 views comments | 19 tweets | 15 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
10401 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
9281 views comments | 16 tweets | 12 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
7911 views comments | 25 tweets | 16 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
7363 views comments | 9 tweets | 5 linkedin

Featured job

£100-120K Basic dependent on experience plus subst...
London

Find your next job