Kй Concepts, leader in the deployment of comprehensive credit management solutions and development frameworks for the financial services sector, has announced that it has successfully won the contract to replace Sasfin Bank's present asset-based finance (ABF) solution with its CreditEase ABF solution.
The CreditEase solution framework provides a dealers and client portal aimed at minimising time to market in this critical business unit.
"We have selected Kй Concepts, with whom we have been consulting for several months now, to design, develop and implement a dynamic solution based on their CreditEase Framework. It needed to meet our requirements of an off the shelf solution that was sufficiently flexible to allow for future in-house enhancements. Obviously, compliance with the relevant legislation was also a key issue since the costs associated with 'non-compliance' are punitive," Chantell Craven, project manager Equipment Finance, Sasfin, commented.
