21 January 2018
visit www.ebaday.com

Picture Financial Group outsources IT to Target

09 December 2004  |  1609 views  |  0 Source: Target

New consumer finance company, Picture Financial Group, has entered into a five-year agreement with Target, a leading provider of software solutions to the consumer and commercial finance markets, for the complete management of its IT function.

As part of the agreement, Target will provide Picture's core processing systems and supporting infrastructure to deliver effective customer communications throughout the loan life-cycle; from loan origination (including applications via intermediaries and direct responses from the public), through to customer and accounts servicing, and debt management.

Neville Allport, chief executive, Picture Financial, commented, "We needed an all encompassing solution that would provide us with a robust and flexible platform for growth. Target also understood the need for us to tailor the IT function and help us to differentiate to achieve competitive advantage in our marketplace."

Mr Allport continued, "Target had a proven roadmap for start-ups and is a well-known name in the secured loans market. Target provided us with an innovative and flexible solution that will grow with the company, and help enable us to meet our ambitious lending targets."

Following on from the company's launch in October this year, Picture has ambitious plans to become a major name in the consumer finance sector, and achieve a profitable position as soon as is possible. Grant Hawkins, chairman and CEO, Target, said, "By leveraging the Target loan lifecycle management solution, Picture will have a reliable and secure platform with which to achieve a competitive advantage in the consumer finance market. We have extensive experience of working with start-up ventures and are thrilled to be working with Picture to help the company achieve its objectives."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.thomsonreuters.infovisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
13096 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8331 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
8234 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
7259 views 1 | 7 tweets | 2 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job