Leumi ABL, the award-winning Asset-Based Lending (ABL) subsidiary of Bank Leumi UK, has launched a new operating platform on Lendscape's secured lending technology, to transform their invoice discounting and asset-based lending business in the UK.
Lendscape was selected to drive the initiative, which will allow Leumi ABL to streamline processes and increase operational resilience while offering greater flexibility to meet their clients' funding needs. The project is part of Leumi ABL's wider business transformation and required close collaboration between both teams to ensure a successful implementation and roll-out.
Chief Operating Officer, Alan Couzins, said that the introduction of the new platform was part of Leumi ABL's investment to optimise their business and customer-focused strategy.
"Lendscape is an easy-to-use platform that meets the needs of our customers and internal users alike,” said Couzins. “It gives us the flexibility to grow our offering and provide more creative, customised funding solutions, and introduces efficiencies that will save time and effort across teams. We’ve benefited from the Lendscape team’s expertise from the start – they have been extremely supportive, and we have had stakeholder engagement at operational and senior levels. We now look forward to growing our portfolio based on a robust, modern operating platform."
The migration to Lendscape v10 allows Leumi ABL to provide an enhanced user experience for clients and internal users, and feedback for the new platform to date has been incredibly positive.
"Working with the team at Leumi ABL has been a wonderful experience, and we are delighted with the success of the project," said Lendscape CEO, Kevin Day. "We look forward to continuing to support them in realising the full benefits of the Lendscape product suite and delivering an excellent service to their customers."
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