Allied Credit Group, an Australian-based automotive and equipment finance organization, will implement the Open Finance Platform by Solifi, a global fintech software partner for secured finance, software-as-a-service (SaaS) solutions in support of its automotive novated lease offering.
“Allied was looking for a provider with a track record of successful delivery and assessed Solifi to be the superior solution. We have been supporting novated leases for other Australian financiers for many years,” Duncan Smith, managing director, APAC at Solifi, said. “Our SaaS model is aligned to Allied Credit’s overall strategy and allows them to get product to market quickly and efficiently.”
“It is important for Allied to get up and running quickly to diversify our product offering for the benefit of our current and future partners,” Jon Moodie, CEO at Allied Credit, said. “We believe that Solifi’s end-to-end solution will get us to market and importantly drive speed-to-value quickly, and our previous experience of working with Solifi gives us comfort that we can work collaboratively with them to deliver a market-leading solution.”
“We have plans to create some unique competitive advantages for Allied in the novated lease segment, and we are actively considering how we can use the configurability of Solifi’s solutions to later bring additional leasing products to market,” Brett Morgan, head of leasing at Allied Credit, said.
