UK-based specialist lender United Trust Bank (UTB) has selected technology provider Alfa to strengthen its asset finance business. 

As part of the collaboration, UTB has started migrating its asset finance operations to the Alfa System software.

The integration is anticipated to accelerate UTB’s operations, allowing it to quickly underwrite proposals and offer payouts. 

Alfa also offers integration with APIs, enabling the lender to connect with brokers’ proposal system. 

Furthermore, Alfa provides an auto-underwriting feature for proposals that fall into pre-set parameters. 

Louise McIntosh, who is the asset finance head of operations at UTB, will oversee the migration, which is expected to start benefitting clients by the end of this year. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

United Trust Bank head of asset finance Nathan Mollett said: “This is a substantial investment in technology which will kick-start a digital revolution at UTB Asset Finance and give us the operational platform we need to enable our future growth and maintain high levels of broker service.

“This partnership with Alfa will give us greater capability and automation of routine tasks, accelerating servicing and allowing us to free up skilled people, enabling them to add value in ways only human interaction can.”

Alfa CEO Andrew Denton said: “We are proud that Nathan, Louise and the team have chosen Alfa to provide the technology foundation to make them future-ready; a scalable, agile platform that allows them to fulfil their growth ambitions whilst maintaining their differentiation.”

Last month, Lloyds Bank allied with Alfa to enhance its asset finance offering.