Asset FinanceRSS

PCFG has banking licence restriction lifted, goes live with core and digital banking tech

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UK-based Private & Commercial Finance Group (PCFG) has had its banking licence restrictions lifted. It has gone live with a new core banking system, Temenos’ T24, a front-end digital platform from Sandstone Technology and the ICS lease and loan administration solution from Sopra Banking Software.

Banking on the real economy

David Woodroffe, director, product management, asset finance, SunGard

Asset finance has had a lower profile than other types of loan. But the overall squeeze on lending and higher business loan rejection rates have led to an increased demand for leasing arrangements by SMEs. As a result, asset finance is now the third most common source of finance for businesses.

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