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Banking

CASSIOPAE HELPS ALLIED IRISH BANKS BUILD ON ITS DIGITAL STRATEGY WITH MOVE TO TAILORED FINANCE QUOTES

cassiopae

Allied Irish Banks (AIB) has deployed a new mobile solution from Cassiopae that enables AIB in both Ireland and the UK to easily produce bespoke finance quotes for its customers.

aib-buildingAIB Finance and Leasing had a requirement to move its current pricing tool so that it met with the bank’s digital strategy whilst maintaining compatibility with the complex calculations used in the bank’s internal systems. The solution from Cassiopae enables multi-jurisdiction and multi-currency structures whilst maintaining Cassiopae‘s Financial Engine (as used in Cassiopae’s Freehand product) that is already in widespread use across the asset and vehicle finance markets and has been the industry standard for nearly 25 years.

cassiopaeAlun Booth, CEO of Cassiopae in the UK, said: “With today’s competitive digital marketplace, it’s critical for our clients to have access to the latest technology, across devices, so as to improve the customer experience and minimise processing costs. Whilst working with our long standing client AIB Finance and Leasing, we have been able to provide them with security of using a tried and tested financial engine in conjunction with the latest technology. ”

Brendan Crowley – Head of Asset Finance Area Dublin at AIB Finance and Leasing commented: We are a customer focused, digitally enabled bank firmly focused on delivering on the needs of our customers in a simple and efficient manner. The app provided by Cassiopae has allowed us to do this whilst maintaining the critical requirement of consistency of calculations.”

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