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LONDON - Alfa Financial Software (ETR:SOWGn) Holdings PLC, a prominent developer of software for the asset finance sector, has released an investor relations video highlighting the evolution of their flagship product, Alfa Systems. The video features a discussion between CEO Andrew Denton and CTO Andrew Flegg, focusing on the development of Alfa Systems v5 and the transition to Alfa Systems 6.
The conversation outlines the rationale behind the 2006 re-architecture of the original Alfa Systems software, detailing how the foundational decisions continue to benefit the company's competitive positioning. The executives also touch on improvements made to the software development process, the integration of Application Programming Interfaces (APIs), and the shift to a Single tenant Software as a Service (SaaS) model.
Additionally, the video explains the concept of being "truly Cloud Native" and the advantages it brings, including the ease of upgrading to Alfa Systems 6, which is described as a "frictionless" process. The company emphasizes that the technical excellence and functional depth of Alfa Systems create a significant barrier to entry for competitors.
Alfa Systems is used by some of the world's largest asset and automotive finance companies, supporting a variety of financial products across multiple jurisdictions. The platform is currently operational in 37 countries, with Alfa maintaining offices in Europe, Australasia, and North America.
The release of the video does not include any new financial information. Alfa Financial Software Holdings PLC has announced that it will issue a trading update for the fourth quarter of 2024 on January 30, 2025.
This news article is based on a press release statement from Alfa Financial Software Holdings PLC.
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