CHP Consulting said a major international bank is in successful live operation with ALFA v5, CHP’s browser-based asset finance software platform as a single solution for its European asset finance operations.

The bank went live on March 1, 2011 with CHP’s ALFA v5 as a single solution for its European asset finance operations. The addition of business in the Asia-Pacific region, including Singapore, Hong Kong, and Australia, means that this implementation represents a platform for the bank’s entire global asset finance business outside of the US, and the wide range of portfolios requires transactional flexibility sufficient to handle all types of agreement, from vendor-introduced to structured, high-value deals.

Andrew Denton, CHP’s chief operating officer, said: “This is the first of our clients to go live with ALFA v5 and we are delighted to be sharing this success with the client. With proven scalability and the flexibility to enter new markets, the new platform puts our client in a great position to expand. ALFA v5 is multi-GAAP, multi-currency, multi-lingual and multi-jurisdictional, and our web-based architecture is compliant with the bank’s new standards, ensuring easy integration.

The bank has been a valued client of CHP since 2005. When the ALFA v5 project began in June 2010, CHP had also recently announced an ALFA v5 project with a major Nordic bank, the first for the asset finance solution’s latest version, which launched in September 2009.