Izola Bank selects HPD Lendscape to revolutionize factoring technology
Izola Bank, a Maltese factoring and corporate lender wholly owned by the Belgium based Van Marcke Group, has chosen HPD Lendscape, a leading international secured-lending platform vendor, as the bank’s new technology partner to replace the legacy working capital technology.
The first stage of the migration, due to be delivered in early 2022, will see Izola Bank’s domestic and international factoring business migrated to the latest version of Lendscape, HPD Lendscape’s flagship solution. Successful completion will see Izola Bank offer bank seamless, secure, and scalable solutions to expand their range of client services.
The migration will see Izola Bank’s factoring services hosted by HPD Lendscape’s Hosted Managed Services (HMS), helping to future proof its IT infrastructure. HMS will also boost Izola Bank’s efforts to lower costs, simplify their product management, and allow for easily upgradable and scalable services.
HPD Lendscape's Regional Commercial Director, Claudia Perri, noted, “We could not be more thrilled to have been chosen as the technology provider to support Izola Bank’s next phase of growth. Allowing the bank to automate their finance operations and engage their clients digitally.”
“HPD Lendscape is one of the world’s leading providers of secured finance technology,” said Adrian Formosa, Head of Operations, Izola Bank. “We have selected HPD Lendscape following an international RFP with extensive evaluation of various vendors and technological solutions.”
He continues: "We place a great deal of emphasis on ensuring our customers enjoy best in class service and systems. This new platform supports these ambitions, with advanced features that support their needs today and into the future. We are excited to have a partner with great industry experience and such a strong offering. We look forward to offering a more dynamic and personalised solutions set."
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About HPD Lendscape
HPD Lendscape is the world’s leading technology vendor for all forms of secured finance.
With over 45 years of experience and in-depth industry understanding, our dynamic team has designed, developed, and delivered secured lending technology to over 50 markets and some of the worlds’ most prestigious banking and financial services institutions.
Our secured lending platform, Lendscape, supports a range of working capital financial solutions such as factoring, invoice discounting, supply chain finance, asset-based lending as well as many other forms of specialist finance. It enables lenders to consolidate systems, reduce risk and engage digitally with customers, buyers, and suppliers, all while increasing efficiency and reducing administration. Lendscape is currently operated by over 150 lenders across the UK, EMEA, North America, APAC, and Sub-Saharan Africa.
Visit www.hpdlendscape.com for more information.
About Izola Bank
Izola Bank is wholly owned by the Van Marcke Group, a family-owned Belgian company which is fast approaching its centennial of operations. The bulk of the Group’s business is concentrated in Belgium with additional operations across Europe and USA.
Izola Bank initially gained a license as a credit institution in Malta in 1994. Over the years Izola Bank has expanded its online activities to serve an increasing business and personal banking customer base across Malta and Belgium. Amidst rapid change in the banking sector, Izola Bank has gained a firm reputation for delivering a reliable and efficient service and for adding lasting value for its customers.
More information about Izola Bank can be found here.