Following an initial workshop nine months ago, White Clarke Group has delivered its out-of-the-box CALMS Wholesale Finance solution to V12 Vehicle Finance, enabling the bank to market with greater speed, as well as meet its 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, enable dealers to manage their contracts through the CALMS Dealer Portal, offer 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 and White Clarke Group’s platform supports the future growth of our business,” said David Mercer, managing director at Secure Trust Bank.

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.”

V12 Vehicle Finance is the automotive financial services arm of Secure Trust Bank, a UK retail bank which was incorporated in 1954. 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.

White Clarke Group is a global provider of end-to-end loan origination, servicing, collections and floorplan/wholesale finance technology for the automotive, consumer and equipment finance sectors. Clients include Toyota Financial Services, Volkswagen Financial Services, Daimler Financial Services, United Bank, LeasePlan, Hitachi Capital and Exeter Finance.