Axe Finance takes financial institutions to the Cloud

4 June 2013

Axe Finance, the global provider of Credit Process Automation solutions in the Banking IT and Risk domains, announces the availability of their leading solution Axe Credit Portal - ACP - on the Microsoft Windows Azure platform, making ACP easy to use, affordable and accessible through a secured web browser connection to all the customers all over the world. This technology development builds on Axe Finance experience of credit automation and risk management applications in hosted environments and will offer far reaching operational and financial gains to certain banking markets across the globe.

The combination of ACP and the Windows Azure platform, including SQL Azure, allows banks to remove the high data centre costs associated with running a multi-application environment by moving these operations to a consumption based pricing model. Banks will no longer need to spend time and budget on provisioning and operating hardware resources, as running ACP natively on the cloud enables them to scale resources effectively and increase volume according to customers’ demand.

“We are excited about Axe Finance taking its clients to cloud-based solutions. This will provide a differentiating edge to banks, and especially to small and medium lending institutions, helping them to better control their Total Cost of Ownership, enhance operations, and build new, mission-critical business opportunities with flexibility and a rapid time to market,” commented Dhafer Berrachid, General Manager, Axe Finance. “This is a very natural trend for Axe Finance, whose ACP platform and its architecture offer a close fit to the cloud environment. It also enables the company to access new markets and to help small and medium size financial institutions to have the best Return on Investment through the “pay-as-you-grow” business model.”

“Axe Finance has seen an increasing demand for outsourced lending solutions in several regions in the world. Hosting ACP on the Cloud makes financial institutions benefit from Axe Finance experience in the credit management field by rapidly deploying ACP “Turn-key” configuration. Lending institutions can therefore focus on their Core business and maximize returns while minimizing costs” commented Ferid Knani, Sales Director at Axe Finance.

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