Banqsoft to Implement Solutions for Asset Finance in Volkswagen Semler Finans Denmark

The delivery will be based on the View21 software suite and support a wide range of financial products such as asset loans, leasing and hire purchase to support VW Semler Finans growth initiative in Denmark.

After a successful implementation of consignment business at the end of 2019, Banqsoft has now signed a new contract agreement with Volkswagen Semler Finans to carry out Phase Two of the Asset Finance implementation. This agreement marks an important milestone to proceed forward with the implementation of Asset Finance servicing targeted to go live in 2021.

“Our aim is to be the primary choice when it comes to vehicle financing, providing state-of-the art processes and solutions from start to finish for our customers,” says Rene Sterregaard, Managing Director of Volkswagen Semler Finans Denmark.

It is crucial to have a supplier that will not only support our initiatives forward, but also stays on their toes to keep us ahead of future transformations. We are happy to have found such a partner in Banqsoft.

Rene Sterregaard, Managing Director of Volkswagen Semler Finans Denmark

Phase Two of the agreed implementation project has now begun and the project team is eagerly pushing the deliverables forward using an agile and iterative approach with View21 standard software as the key enabler.

“The signing of this implementation project continues to prove Banqsoft’s successful footprint as a market leader providing software for asset finance in the Nordics,” says Banqsoft CEO Terje Kjøs. “We feel very fortunate that Volkswagen Semler Finans continues to choose Banqsoft as partner as we enter Phase 2 of the implementation project. We are proud to get the opportunity to provide them with competitive advantages through our software, supporting their continued success going forward.” 

Volkswagen Financial Services is a company within the Volkswagen AG group. Since 1994, they have provided financing, leasing, insurance and mobility for consumers around the world and from the March 2021, they will open up in Denmark. The company is a joint venture between Volkswagen Financial Services in Germany and The Semler Group – the biggest car importer in Denmark.

Together with the dealers of Volkswagen, SEAT, Skoda, Porsche and Audi, the goal is to become the leading supplier of financial products and services to Danish customers and dealers. Through digitization in the entire business area, we offer flexibility, high service and the most complete product range of financing, insurance and service products in the market today. 

Banqsoft is a leading provider of financial software solutions for asset finance and digital banks in the Nordics, offering future-proof systems in order to help auto finance companies stay ahead of the game. From end-to-end standardization and highly-automated customizable platforms and processes, Banqsoft has the insight and technology to keep your finance company up to speed of future market changes and innovations.