Verena Multi Finance selects ElysianNxt for IFRS9


10 Jan 2019

ElysianNxt, the pioneer in Real-Time enterprise wide Risk and Finance solutions, is pleased to announce that PT Verena Multi Finance Tbk (“Verena”) has selected Elysian’s IFRS 9 solution – IFRS9.NXT.

Verena is a finance company, engaged in consumer finance focusing on 4-wheeled automotive financing. Pursuant to the new Financial Services Authority regulation for multi-finance companies, Verena also provides investment financing and working capital financing for productive purposes.

Verena is well known for its fast services to customers and business partners, by making use of the latest technology to provide the best quality customer services as well as the desire to move forward and to be ready for future challenges.

Verena selected IFRS9.NXT for its flexibility and the well-thought design to provide the intuitive experience aimed at IFRS 9 simulation scenarios for all users at Verena. Furthermore, the common vision between ElysianNxt and Verena is the use of cutting-edge technology as both companies have the aspiration to provide the best service for their customers.

“We believe through the collaboration with ElysianNxt, Verena will enhance its risk management system towards prudent financing” said Andi Harjono, Director of Verena Multi Finance.

“We are honored to partner with one of the leading providers in consumer finance and financial leases. Easy, Fast and Safe are our same core passions. Together we strive to go beyond pure IFRS9 compliancy but strengthen the credit risk function trough real time scenario simulations” said Chris Puype, CEO and Founder of ElysianNxt.

About Verena Multi Finance

Verena Multi Finance is a finance company with a nation-wide branch operating in more than 20 (twenty) major cities. Verena became a publicly listed company on the Indonesia Stock Exchange since 2008 and continuously increased its capital in recent years. In early 2019, Verena successfully conducted its 2nd capital increase through Right Issue which changed its controlling shareholder to IBJ Leasing Company Ltd – one of the leading companies in the Japanese leasing arena and listed in the Tokyo Stock Exchange since 2004.

About ElysianNxt

ElysianNxt is a global leading provider of Risk and Finance solutions for the Finance Industry. It enables Financial Firms to respond faster and more cost effective to the global regulatory trends. ElysianNxt is based in Bangkok, Jakarta and Brussels.

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