afb in IT Finanzmagazin: Ostsächsische Sparkasse Dresden relies on embedded finance
IT-Finanzmagazin reports on our new savings bank solution for Retail Finance, whose first user is Ostsächsische Sparkasse Dresden.
afb Application Services offers a new savings bank solution for Retail Finance in the Automotive Finance sector, among others. This includes the modules of the afb Credit Management Solution (afb-CMS) that are relevant for Retail Finance. It is an open, modular overall system with integrated process automation that will allow processes to be further optimized and dynamically adapted to individual requirements in the future. The first user is Ostsächsische Sparkasse Dresden.
"Until now, there was still room for improvement for savings banks when it came to Retail Finance at the point of sale. We are therefore very pleased that we were able to realize this lighthouse project together with Ostsächsische Sparkasse Dresden. Other savings banks can now benefit from this." - Philipp Oberleitner, Member of the Board at afb Application Services.
Embedded finance is on everyone's lips: both in private customer business ("buy now pay later") and increasingly in corporate customer business for all asset classes. For Ostsächsische Sparkasse's business, it was important to respond more quickly to requests and to process them smoothly - with seamless processes for all parties involved (not just the customer) and many years of experience in integrating OSPlus into the existing IT landscape. afb was able to implement this successfully.
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