TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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A Commercial Banker’s Tickler Transition Plan
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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November 18, 2021
Source: Solifi
Open finance platform accelerates digital transformation across secured finance market
MINNEAPOLIS, U.S. and MILTON KEYNES, U.K. | November 18, 2021 Solifi (formerly IDS), a global fintech software partner for secured finance, announced they have secured 11 new customers and 14 go-lives to date in 2021. With its unique open finance platform driving record-breaking growth and digital transformation, Solifi now serves 34 of the top 50 U.S. banks, 7 of the top 10 U.S. equipment financing firms, including 2 of the 3 largest independents, and 3 of the top 5 U.S. factors.
“We are thrilled to offer secured finance organizations an easier way to manage and grow their business through our open finance platform delivered via a true SaaS solution,” says David Hamilton, Solifi CEO. “Access to an integrated technology ecosystem gives our customers greater economies of scale with a single strategic technology partner – everything in one place – as they pursue transformation to a digital-first business model.”
Solifi delivers a global portfolio of end-to-end integrated solutions for equipment, working capital (asset-based lending, factoring, wholesale/floorplan), and automotive finance firms. It has built a market leading technology platform that enables companies to benefit from an integrated and efficient software-as-a-service (SaaS) solution. The same pay-for-what-you-use technology deployed at large, global banks, independent, and captive finance firms is the same technology and level of service Solifi offers to growth stage organizations who benefit from a consumption-based, not user-based, pricing structure.
Solifi's open finance platform is also driving strong growth across Europe. Solifi recently announced several leading equipment and automotive finance companies selected Solifi to transform their business operations and expand their geographical reach with multi-country implementations across Europe. For example, Solifi successfully migrated a global networking and cybersecurity manufacturer’s equipment finance business covering 14 countries in only seven months. Solifi's highly experienced team consolidated the customers four contract management systems to our single and scalable SaaS platform.
To learn how Solifi's unified technology platform can transform legacy systems into a digital-first business model, please visit www.solifi.com.
About Solifi
IDS, William Stucky & Associates, and White Clarke Group are now Solifi, delivering a solid financial technology foundation for equipment, working capital, wholesale, and automotive finance firms. At Solifi, we believe that commerce is only as strong as the system it runs on. Our mission is to reshape finance technology by bringing together proven solutions into a singular powerful technology platform designed to help you protect and scale your business. We guard your company by being precise and reliable, we guide you to success by combining powerful technology with proven expertise, and we help you grow by unleashing the potential of your business. For more information, please visit www.solifi.com.
For more information:
Company: Solifi
Contact name: Anna Lepp, Global PR & Marketing Director
Phone: +44 (0) 7715 493 613
Email address: alepp@solifi.com
