News

[Cape Town, May 2007] Further sales and implementation of CreditPlus have been suspended pending the release of the next version.  TVM MD, Jeremy Rich, explains "following our exit of the Australasian markets, we have spent considerable time reviewing our business and technical strategy.  We have decided to put all our efforts on our next generation code.  This software will be based on .Net 3.0 and will use plug-in XML configuration templates and have an Ajax based user interface.  The software will be available using a hosted or local deployment model and will be based on a service oriented architecture."  The software is expected to ship 1st quarter 2008.     

[Belgrade, February 2007] TVM Technical Director, Igor Music, has relocated from Auckland to Belgrade to set up TVM's European office and development centre.

[Cape Town, December 2006] The original designers and developers of CreditPlus, Igor Music and Jeremy Rich have split from FAS Nexus in New Zealand.  TVM Software and FAS have agreed to split the software assets with TVM Software focussing on Africa and Europe and FAS on New Zealand, Australia and Canada.

[Sydney, March 2005] A new financial services company launching in April 2005 will use CreditPlus for revolving credit and loan administration to  customers in Australia and New Zealand.

[Auckland, June 2004] Arch Finance, a company formed to support a nation wide automotive franchise in New Zealand has opted to use Merchant Solutions' Turn-Key option. At a fraction of the cost of setting up a finance company with in-house operations and licensed systems, Arch Finance will opens its doors in less than 2 months from deciding to go with FAS and TVM.

[Auckland, Aug 2003] Instant Finance announces TVM's success in bidding for the upgrade of its existing financial systems which manage both its debenture stock and loan portfolio. CreditPlus will be deployed throughout Instant's branch network using browser based technology for delivery, a first for New Zealand's financial industry.

[Auckland, Feb 2003] Leading the finance industry once again, FAI unleashes online loan processing on Telecom's public website. Considering security issues and potential fraud risks, TVM, FAS and EDS (supplier to Telecom) came up with a solution closely integrated to the Telecom systems.

[Utrecht, Netherlands, Oct 2001] Rabobank, rated the "world's safest bank", chooses CreditPlus.  As a global niche player, Rabobank International provides a select group of customers with a spectrum of services ranging from merger and acquisition advisory to equity transactions, lending arrangements and structured financing," says Rien Van Eck, Senior Administration Manager at Rabobank.  "Our extensive expertise in these complex activities enables us to offer our customers modern and innovative products. Of the various systems evaluated, CreditPlus was deemed to be the most flexible and best suited for this purpose."

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