i-flex solutions (Reuters: IFLX.BO & IFLX.NS), a leading provider of technology solutions to the global banking and financial services industry, today announced that Volkswagen Bank selected Daybreak Lending Suite for its consumer lending business in the Netherlands.
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."