V12 Vehicle Finance which is part of Secure Trust Bank (STB) has successfully gone live with White Clarke Group’s end‐to‐end CALMS Wholesale Finance Platform.
White Clarke Group has delivered its out‐of‐the‐box CALMS Wholesale Finance solution to V12 Vehicle Finance, enabling it with a greater speed to market as well as meeting the Bank’s functional and technical requirements to facilitate each element of the dealer stock funding journey to become more effective and efficient.
V12 Vehicle Finance’s investment in the CALMS Wholesale Finance platform will automate the full wholesale lifecycle process, providing the Bank with the ability to fund through a variety of channels, such as auctions and forecourt purchases, enabling dealers to manage their contracts through the CALMS Dealer Portal, as well as offering flexible configuration of finance products and easy integration with existing in‐house and third‐party systems.
“We are especially pleased with the success of this implementation. V12 Vehicle Finance has established a unique digital buying and funding journey for dealers in partnership with Aston Barclay and White Clarke Group’s platform, supporting the future growth of our business,” said David Mercer, Managing Director at V12 Vehicle Finance.
Peter Dyson, Group COO, White Clarke Group, added, “A collaborative approach and transparency from the start led to the smooth delivery of this project.
This is yet another great endorsement of our CALMS Wholesale Finance platform, which continues to get positive attention from businesses needing cost‐effective, swift responses to increasingly dynamic customer requirements.
We are also now in the process of implementing our CALMS Retail Finance software for V12 Vehicle Finance, which is scheduled to go live in Q1 2020.”
About V12 Vehicle Finance
V12 Vehicle Finance is the automotive financial services arm of Secure Trust Bank PLC. Moneyway, Secure Trust Bank’s existing consumer motor finance brand, will continue to operate within the new V12 Vehicle Finance brand under the directorship of David Mercer.
Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 67 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 886 employees (full‐ time equivalent) as at 31 December 2018. The Group’s diversified lending portfolio currently focuses on two sectors:
- Business Finance through its Real Estate Finance, Asset Finance and Commercial Finance divisions,
- Consumer Finance through its Motor Finance and Retail Finance divisions
As at 31 December 2018 the Group’s loans and advances to customers totalled £2,028.9 million, customer deposits totalled £1,847.7 million and the Group’s total customer base was well over 1 million.
Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Secure Trust Bank, PLC, One Arleston Way, Solihull, B90 4LH