Izola Bank, a Maltese bank wholly owned by Belgium-based Van Marcke Group, has chosen HPD Lendscape, a 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, the provider’s flagship solution, the company said.

Successful completion will allow Izola Bank to offer “seamless, secure, and scalable solutions to expand its range of client services” Lendscape said in a press release. 

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.

HPD Lendscape’s regional commercial director, Claudia Perri, said:

“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.”

Adrian Formosa, head of operations, Izola Bank, said:

“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.”