V12 Vehicle Finance which is part of Secure Trust Bank (STB) has successfully gone live with White Clarke Group’s end-to-end CALMS Wholesale Finance Platform.
Following the initial workshops 9 months ago, White Clarke Group has delivered its out-of-the-box CALMS Wholesale Finance solution to V12 Vehicle Finance, enabling them with greater speed to market as well as meeting the bank’s functional and technical requirements to facilitate each element of the dealer stock funding journey to become more effective and efficient.
V12 Vehicle Finance’s investment in the CALMS Wholesale Finance platform will automate the full wholesale lifecycle process, providing the bank with the ability to fund through a variety of channels, such as auctions and forecourt purchases, enabling dealers to manage their contracts through the CALMS Dealer Portal, as well as offering flexible configuration of finance products and easy integration with existing in-house and third-party systems.
“We are especially pleased with the success of this implementation. V12 Vehicle Finance has established a unique digital buying and funding journey for dealers and White Clarke Group’s platform supports the future growth of our business,” said David Mercer, Managing Director at Secure Trust Bank.
Peter Dyson, Group COO, White Clarke Group, added, “A collaborative approach and transparency from the start led to the smooth delivery of this project.
This is yet another great endorsement of our CALMS Wholesale Finance platform, which continues to get positive attention from businesses needing cost-effective, swift responses to increasingly dynamic customer requirements.
We are also now in the process of implementing our CALMS Retail Finance software for V12 Vehicle Finance, which is scheduled to go live in Q1 2020.”
About V12 Vehicle Finance
V12 Vehicle Finance is the automotive financial services arm of Secure Trust Bank PLC an established, well‐funded and capitalised UK retail bank. The bank was incorporated in 1954 and admitted to AIM in November 2011. In October 2016 it successfully listed on the premium segment of the Main Market of the London Stock Exchange. Secure Trust Bank is regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Moneyway, Secure Trust Bank’s existing consumer motor finance brand will continue to operate within the new V12 Vehicle Finance brand under the directorship of David Mercer.
About White Clarke Group
White Clarke Group is the global provider of end-to-end loan origination, servicing, collections and floorplan/wholesale finance technology for the automotive, consumer and equipment finance sectors. It is a global organization employing around 600 professionals, with offices across North America, Europe and Asia Pacific. Clients include: Toyota Financial Services, Volkswagen Financial Services, Daimler Financial Services, United Bank, LeasePlan, Hitachi Capital, Exeter Finance. For more information, please visit www.whiteclarkegroup.com