Secure Trust Bank teams up with Target Group
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Secure Trust Bank plc, has selected lending and arrears management software company, Target Group, to deliver an arrears management system to optimise collections and increase efficiency across its range of loan portfolios.
The arrears system will manage the bank’s loan portfolios for motor finance, retail finance and unsecured loans which operate under the Moneyway trading name. The system will also administer the bank’s budget accounts for household bills.
Mike Abraham, head of compliance & risk at Secure Trust Bank plc, says: “With ambitious growth plans, we wanted a reliable yet cost effective solution that’s flexible enough to deliver a scalable, and innovative arrears management system that will support our growing business.
“The combination of our experienced collectors together with Target’s sophisticated software and consultancy expertise will ensure we reduce arrears and manage the overall risk to our business.”
James Snow, CEO, Target Group, says: “Target’s client-centric, consultative approach meant we were able to provide a highly tailored arrears management and customer contact solution to support Secure Trust Bank’s numerous and varied loan portfolios.”
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