The deal sees CHP’s Alfa Systems platform being used in the North American automotive finance market for the first time and comes as the firm opens a new US headquarters in the Metro Detroit area to support its growing automotive finance business here.

The new project, in which CHP’s ALFA Systems platform will replace various outdated legacy mainframe solutions, includes commercial vehicle, retail loan and retail lease operations.

Richard Raistrick, CHP’s director of operations in North America, commented: ‘We are delighted to have a well-respected flagship client. We are already implementing with a second major auto client, and our new HQ will help support these household names – as well as, hopefully, many more in the future.’

Robert Johnson, CHP’s recently appointed global head of automotive finance, said: ‘ALFA brings fresh thinking to the automotive finance market, both in terms of its business efficiency and the technology underpinning it. There is a huge demand out there, as operators are looking to position for the future after several years of constrained investment. Decision makers are recognising that a new approach is required, and CHP and ALFA are perfectly placed to deliver.’