HSBC Selects SunGard For UK Leasing and Asset Finance Solution
HSBC has chosen SunGard to implement a solution for its UK-based leasing and asset finance operations. The bank, already a SunGard customer, will use the solution for its equipment finance business across the UK, Northern Ireland and the Channel Islands.?The solution is delivered by SunGard through its partnership with asset finance software provider Northern Arch. A multi-currency solution that supports taxation, accounting and regulatory conventions internationally, HSBC hope that the software will allow it to manage its operations across multiple subsidiaries and locations. All tasks from point of sale or origination through to securitisation are managed in a single system, using one database.??