NetFinance Solutions Partners with Finzsoft to Bring Proven
Lender Management Technology to the U.S. and Canada
LONG BEACH, Calif., Aug. 10, 2010 - Mid-market lenders in the United States and Canada can soon enjoy the benefits of a loan management solution that meets all the security, functionality, and configurability requirements of major banks, thanks to a strategic partnership between NetFinance Solutions and New Zealand-based Finzsoft Solutions Limited. NetFinance Solutions, which provides advanced technology solutions delivered via an innovative Internet model that keeps costs low, is the exclusive North American provider of Finzsoft’s Sovereign Lending Platform to mid-market lenders.
"Mid-market lenders have never had easy access to world-class technology. Our partnership with Finzsoft changes that," said Mark Gleason, NetFinance Solutions CEO. "Finzsoft offers the most advanced web-based lending technologies in the world, backed up by 20 years of experience serving some of largest banking and financial institutions in New Zealand and Australia."
Finzsoft’s loan servicing platform will be delivered to U.S. and Canadian customers via the web, as a Software as a Service (SaaS) solution. The SaaS model enables mid-market lenders to enjoy all the benefits of enterprise-class software with very low startup costs and minimal technical infrastructure. Finzsoft’s technology is scalable and secure enough to meet the requirements of global banks and flexible enough to manage the most complex workflow scenarios. In addition, the product's G3 technology leverages Java and Web standards to securely deliver all this advanced functionality in a web browser, available from any Internet-connected device.
"The North American mid-market is a tremendous opportunity for Finzsoft, but entering it directly would have meant a much longer ramp-up," said Mark Sewell, Finzsoft CEO. "We're very pleased to have found a partner with extensive experience in finance, enterprise software and web technology to introduce Finzsoft Sovereign to the U.S. and Canadian markets."
About NetFinance Solutions
NetFinance Solutions (www.netfinancesolutions.com) delivers advanced enterprise-class lender management solutions to mid-market lenders, leveraging proven technology delivered through the Internet to make it more secure and affordable. NetFinance’s modular technology solutions span the lifecycle of loan management, from origination to servicing and analytics. The company was founded by a team of web technology and finance industry experts with more than 75 years of combined enterprise software experience including Software as a Service (SaaS) lender management solutions. The company is headquartered in Long Beach, Calif., with offices in Dallas and Philadelphia.
Finzsoft (www.finzsoft.com) is a world leader in finance software and services for the banking, finance and credit union sector, with specific expertise in asset-backed lending. Finzsoft’s Sovereign lending platform is a fully integrated client, investment and lending solution with full transactional banking, advanced Internet capability, and business intelligence functionality. Headquartered in Auckland, New Zealand, Finzsoft Solutions Limited is publicly listed on the New Zealand stock exchange. The company was formed in 1986, making it one of the longest established and trusted global finance software solution companies. There are more than 30 organizations globally that rely on Finzsoft technologies to run their enterprise-level banking and finance systems.
NetFinance Solutions: Holly Ferris, firstname.lastname@example.org, (562) 429-6456
Finzsoft (in New Zealand): Mark Sewell, Mark.Sewell@finzsoft.com, 64 9 571 6877