With aggressive targets for business growth, the bank decided to replace its legacy system with i-flex's proven and state-of-the-art lending solution.

Daybreak Lending Suite provides the complete lending infrastructure to the bank, from front to the back office, as also comprehensive functionality: from credit scoring, pricing and loan origination through to collections, payments and delinquency management. The solution also allows Volkswagen bank to deliver web-based services to its dealers and customers.

This deal comes on the heels of several other successful installations of Daybreak Lending Suite in the EMEA region. N R K Raman, Managing Director and CEO, i-flex solutions, said: "We are delighted with the momentum we see in the market for our lending solution. Financial institutions aggressively pursuing growth and market expansion would find Daybreak Lending Suite, a functionally rich solution with a proven track record, a safe and attractive investment."