Technology

Izola Bank chooses HPD Lendscape for digital upgrade

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Izola Bank, a Maltese bank wholly owned by Belgium-based Van Marcke Group, has chosen HPD Lendscape as its technology partner to replace its legacy working capital technology. The bank is moving its factoring services to a new platform which will enable it to offer seamless, secure, and scalable solutions and expand its range of client services.

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.

The bank’s factoring services will be 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 its 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. This will enable the bank to further automate their factoring 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 an extensive evaluation of various vendors and technological solutions.”

“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.”

HPD Lendscape has designed, developed, and delivered secured lending technology to over 50 markets and leading banking and financial services institutions.   Lendscape is currently operated by over 150 lenders across the UK, EMEA, the US, APAC, and Sub-Saharan Africa.