ProFinance 5.0 leasing platform enables customers to scale and innovate

Tietoevry Banking, a leader in accelerating the digital transformation of banks and financial institutions, has announced the release of the latest version of its leasing platform, ProFinance 5.0.

ProFinance 5.0 is designed to be running on cloud, Azure, giving zero downtime, continuous feature updates, and a faster time to market. The shift to cloud-native is about future-proofing business, making it easier for customers to adapt to new business models like Banking as a Service (BaaS) and embedded finance.

- With the rise of servitization and the circular economy, asset finance is changing, and the ability to offer more than just traditional leasing is important for customers. ProFinance 5.0 supports innovation as the customer can easily manage the entire lifecycle of assets, from financing to servicing and beyond, enabling new revenue streams and more sustainable business models," says Ognjen Radovic, Head of Leasing at Tietoevry Banking.

He adds that for those in embedded finance, it is easier than ever in ProFinance 5.0 to integrate financial services directly into end customers' buying journeys from offering financing at the point of sale to embedding leasing services into partner platforms.

- With this cloud-native foundation, we are already working on future enhancements, including AI-driven insights and next-best-action capabilities. These innovations are aimed at giving customers even more tools to stay ahead of the competition and deliver better customer experiences.

Ognjen Radovic, Head of Leasing at Tietoevry Banking presented the new features of ProFinance 5.0 in the company’s Accelerate Customer Summit in Stockholm in September 2024.

What is new in ProFinance 5.0?

ProFinance 5.0 introduces many new features supporting growth, fostering innovation and addressing future leasing and asset finance needs.

Seamless connectivity

• The API-first approach ensures that any data within ProFinance 5.0 can be accessed and modified externally. The platform is designed to respond to real-time events, allowing seamless integration with supporting systems.
• Users can retrieve only the specific data they need, allowing query-like behavior on top of our APIs. This reduces network traffic, improves response times, and is especially beneficial for mobile devices, slow internet connections, and IoT environments.

Full partner-readiness

• ProFinance 5.0 has evolved from a leasing application into a comprehensive platform. External partners can develop plugins that can alter standard software behavior without modifying the core code. This has been made possible with substantial investments in documentation and a robust partnership program.

Improved User Interface

• One of the first things a customer notices is the new, intuitive user interface – simplified workflows, making it easier for users to manage day-to-day operations.
• The new UI is fully scalable and responsive across all devices—whether phone, tablet, or laptop.

ProFinance 5.0 leasing platform enables customers to scale and innovate.

Multi-country Support

• Multi-country support aids customers in expanding across borders, enabling them to focus on maximizing operational efficiency. Users can see and add data from multiple countries on single screen.

Rapid Onboarding

• As a multi-tenant platform, ProFinance 5.0 includes new tools that simplify and accelerate the onboarding process. We are working on introducing AI-based tools that will help reduce risks and speed up implementation, especially when entering new markets or countries.

Advanced Infrastructure

• The users benefit from the new modern architecture that incorporates Kafka, Redis, and containers to deliver high performance and reliability.
  
  

Want to hear more about ProFinance 5.0?

Ognjen Radovic is happy to talk with you, ognjen.radovic@tietoevry.com +38 169 779 124