Arrendadora y Factor Banorte Selects LeaseWave from Odessa

Arrendadora y Factor Banorte selected LeaseWave from Odessa Technologies to provide end-to-end automation for its asset finance portfolio.

With LeaseWave, Arrendadora y Factor Banorte will have a flexible technology foundation aimed at reducing operational complexities and costs and supporting ongoing growth.

After an RFP process, LeaseWave was selected over 20 competing solutions. Two determining factors in the selection were that the core offering is truly multi-lingual and multi-currency.

“The LeaseWave system can be deployed globally, offering advanced technology and rich functionality that meets the required standards in even the most rigorous regulatory environments,” said Daniel Gonzalez, business development manager, Latin America for Odessa. “The core system can be configured to meet our clients’ unique region-specific needs, allowing them to recognize process efficiency gains immediately.”

Arrendadora y Factor Banorte is a subsidiary of Grupo Financiero Banorte and has provided leasing and financial factoring operations since 1990. It has 16 offices in the main cities of the Mexican Republic.

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