Sword Apak invests in mobile offering

It will integrate Sword Mobile into the business as a full support proposition to new and existing clients across automotive and asset finance.

Sword Mobile, previously Mobile Productivity, was added to the Sword Group in 2014 and provides finance apps for smartphones and tablets.

The business, based in Newbury, UK, will form part of Sword Apak’s growing global office support network.

Tony Allen, CEO at Sword Apak said: “Business leaders are increasingly looking for the same type of app-led flexibility they see as consumers in their working and personal lives.

“We are seeing more business clients looking for tools that can bridge gaps in their operations. The capacity to develop such tools quickly and effectively provides the thinking for integrating the additional services and solutions into our core business and making it available to our clients worldwide.”

Allen added: “Our expertise in wholesale funding in the auto finance market is well established in many countries and growing increased momentum in others.

“Increasingly, we have also developed our footprint into asset finance, enabling finance providers and OEMs to provide a high level of wholesale finance stock management expertise. Our new integrated approach will enable us to provide a wider proposition to the two customer bases previously served by the businesses.”

He said areas such as plant and machinery, commercial vehicles and yellow goods provide ideal platforms for the company’s expertise.

Allen said: “We are also very open to other opportunities as they present themselves. The key principle of this strategic development is agility and we can certainly deliver this.”

Sword Apak has provided leading global financial software solutions to the banking, automotive and asset finance sectors since 1979.

Today, the business operates globally and is recognised for its expertise in wholesale finance stocking software.

As well as wholesale funding solutions, Sword Apak provides a number of software systems across the retail banking sector.

It operates offices in the UK, USA and Australia with its reach extending globally across almost 100 clients worldwide.