Above and beyond expectations
In 2018, Standard Bank set its sights on becoming the leader in the African vehicle and asset financing market, having identified this as a missing key part from its automotive and commercial value chain. To succeed in this field, the bank decided it needed to invest in wholesale finance and subsequently introduced a dealer floorplan system.
Standard Bank required a system to help its clients grow their businesses across the continent through a flexible way of financing their assets. This had to span across the entire automotive and commercial ecosystem to fulfill its vision of offering automotive manufacturers, distributors and their dealer networks a single partner, providing comprehensive vehicle and asset finance capabilities across the African continent.
Click on the PDF link to find out more about Standard Bank’s collaboration with us, including key statistics and facts.
Dean Morsner, Head of Wholesale Finance IT at Standard Bank South Africa