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Alfa

Asset Finance Software for the Automotive Industry

Address
Moor Place
1 Fore Street Avenue
London
EC2Y 9DT
UK
Phone

Alfa has been delivering systems and consultancy services to the global automotive industry since 1990.

Our best-practice methodologies and specialised knowledge of asset finance mean that we deliver the largest system implementations and most complex business change projects. With an excellent delivery history over our 30 years in the industry, Alfa’s track record is unrivalled.

Innovative software platform for the automotive industry

Alfa Systems, our class-leading technology platform, is at the heart of some of the world’s largest asset finance companies. Key to the business case for each implementation is Alfa Systems’ ability to consolidate multiple client systems on a single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, origination and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, the opportunities that Alfa Systems presents to asset finance companies are clear and compelling.

Bespoke asset finance systems

We know that no one project is like another. Gaining a competitive advantage in the modern marketplace demands fresh innovation every time. We work to understand your business completely, then align our implementation methodology with your business practices. We work with you to shape the solution that fills all the gaps.

About Alfa

Our people are only the most talented graduates and professionals. All our consultants operate in all areas of the business, from preliminary client contact and requirements definition right through to manning the support desk. This ensures all our staff develop and maintain excellent all-round expertise.

With over 30 current clients and 26 countries served, Alfa has offices all over Europe, Asia-Pacific and the United States. For more information, visit alfasystems.com.

Alfa Publishes Third AI Paper, ‘Moving Forward with Machine Learning’

Alfa, provider of Alfa Systems, the leading software platform for asset finance, has published the third and final paper in its thought leadership series AI in Equipment and Auto Finance. Part 3: Moving Forward with Machine Learning is produced in association with Alfa iQ, a partnership between Alfa and Bitfount which works with the world’s leading auto and equipment finance companies to build and deploy best-in-class machine learning models. Combining the theoretical insights from Alfa’s position paper Balancing Risk and Reward with the use cases explored in the technical paper Using Machine Learning in the Wild, the new white paper explores the trajectory of machine learning, its uses in auto and equipment finance, and how ML will continue to advance in the near future. There follows an in-depth exploration of federated learning, and how organisations can use private data to train ML models without ever compromising the privacy of that data. Martyn Tamerlane, author of Moving Forward and a Solution Architect at Alfa, said: “AI and ML represent an exciting shift for finance providers and, while the benefits are better understood now than they were a couple of years ago, the practical side to acquiring those benefits is still unclear for many. “Alfa’s aim for this series has been to expose that practical side; to demonstrate where ML can help solve problems and make lenders more competitive, through its ability to detect patterns in vast amounts of data and feed that into higher-quality, sometimes fully automated, decision making. Then, to show ML taking different forms; first as an in-house framework, and secondly relying on AI-as-a-Service. Now we consider ML's continued success, particularly in the context of the ever-increasing volume and variety of data that is being collected; but with complex challenges posed by data privacy, fairness and the high level of expertise required to analyse the data effectively. By illuminating the key characteristics of this technology, we’re providing a platform from which people can affect major change.” To read more, please download this free white paper.

Al in Equipment and Auto Finance

Efficiency and cost reduction have always been key objectives for lessors, particularly those who operate at volume. And while we’ve always found ways to streamline a process here or automate a couple of steps there, there is a new understanding and accessibility around Artificial Intelligence (known, of course, as AI) which is enabling us to unlock these benefits. To read more, please download this free white paper.

Digital Directions Part Two: Realising Your Digital Journey

Our first Digital Directions report, published in 2017, explored leading industry opinion on how digitalisation was changing asset finance. In this follow-up, produced in association with Clarity and Asset Finance International, we’ve looked more closely at where companies have reached in their digital journey, and at some of the roadblocks they are encountering along the way. Some have rethought and reset their goals and operations, while others remain committed to the traditional approach. Our aim is to pinpoint the optimal strategy for those companies reluctant to embrace new ways of working, and to analyse how organisations are overcoming the challenges of building an infrastructure, getting the right skills in place, and exploiting data. Download to find out more.

Digital Directions: Exploring Digitalisation in the Asset Finance Industry

Alfa commissioned Invigors to conduct a survey of leading industry opinion aimed at assessing the status of digitalisation in the vehicle and equipment finance industry. We spoke to a range of C-level and senior executives, including bank-owned lessors, manufacturer captives, and fleet management and vehicle finance companies, as well as technology partners. Our aim is to assess how far the asset finance sector has come on the journey towards truly transformative digitalisation, analysing the barriers and drivers along the way. Please download this free white paper to read more.

Alfa Publishes New Paper on Systems Integration

Alfa, the developer of Alfa Systems, a leading enterprise software platform for providers of automotive, wholesale and equipment finance, has published a new paper on best practice in systems integration.

4 August 2022

Alfa Publishes Paper on Data Migration and Portfolio Onboarding

It covers key concepts such as phased implementations and integration, accelerated implementations, and the onboarding of new portfolios; as well as how to iterate and keep delivering value through effective hosting and partnering strategies.

2 March 2022

Alfa Joins the Black British Network

Alfa, provider of systems and consultancy services to the global asset finance industry since 1990, has joined the Black British Network, founded by Cephas Williams.

23 June 2021

Alfa

Moor Place 1 Fore Street Avenue London EC2Y 9DT UK

Digital Directions Part Two: Realising Your Digital Journey

In 2017, Alfa’s first Digital Directions report explored leading industry opinion on how digitalisation was changing asset finance. In this follow-up, they look more closely at where companies have reached in their digital journey. Digital Directions

Using Finance to Drive Deals as Lockdown Eases

Dealers are finally starting to reopen their businesses on a widespread basis. The world in which they are doing so is much changed and the models of trading they are adopting – with widespread use of a combination of online motor retail and

The future of stock funding

New market pressures and new technologies are driving rapid change in the automotive industry, and it’s no different in the world of stock funding. We speak with NETSOL’s Craig Smith about the future of the market and how stock funders can realign

Why fresh thinking is needed to drive PCP

New products are needed to maximise the potential of PCP in the used car sector, believes Startline Motor Finance. The company points out that the penetration of PCP in the used sector still trails new cars by some distance, so that there remains potential

A Changing World

By Sebastian Fuchs, Managing Director Manheim and RMS Automotive Continental Europe. The world is changing rapidly these days; a 16-year-old is motivating millions of people in the world to unite on Fridays to demonstrate for the climate; the automotive

Digital Directions Part Two: Realising Your Digital Journey

In 2017, Alfa’s first Digital Directions report explored leading industry opinion on how digitalisation was changing asset finance. In this follow-up, they look more closely at where companies have reached in their digital journey. Digital Directions

Using AI to Reshape the Portfolio Management Business

There’s a lot of buzz these days about artificial intelligence (AI) and machine learning, usually coming from Silicon Valley high-tech giants. Thanks to RMS Automotive these revolutionary data science technologies are now being used within the vehicle

Driving down the impact of default

The recent final report on the motor finance industry from the Financial Conduct Authority has raised concerns about the assessment of affordability for customers at the point of sale. However, assessing affordability at the collections and arrears stage is

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