Leeds-based DealTrak has announced a collaboration with Manchester-based Godel Technologies on a new FinTech platform.
The tech firms have joined forces to develop what it calls a ‘next generation’ FinTech platform and will double the collective developer headcount from 10 to 20.
Integrated with 200 partners, DealTrak passed more than 3.6 million proposals through the platform in 2018, representing potential transactions totalling £9.6bn.
Through its partnership with Godel, whose software development centres of excellence are based in Belarus, DealTrak expects that the new platform will enable motor dealers to liaise with more customers each day and handle increased volumes of finance and insurance transactions.
“Used by over 1,100 motor dealerships, the current iteration of our platform is already renowned for significantly improving operational efficiencies within time-poor dealerships,” said Ben Moore, IT Director at DealTrak.
“The FinTech landscape is shifting rapidly, and there’s huge pressure on the market to keep up. Our goal is to remain ahead of the curve and, by partnering with Godel, we’re reinforcing our position as a trailblazer within the F&I sector.”
Martin Hill, MD of DealTrak added: “This is an incredibly exciting new chapter for DealTrak. There have been a number of incremental improvements made over the years in line with the rapidly-evolving landscape.
“Following a review of the market and what we predict is a bright, but challenging, future in our space – and having seen some of the fantastic work Godel has produced within the tech space – we believe the time is right to commence work on the next generation of the DealTrak platform.
“From the outset, it was clear the team wanted to work with us in the long-term as a true partnership – and not simply as a ‘coding bodyshop’ – in order to add value to our software development process.
“We employ some of the north of England’s brightest tech talent,” continued Martin. “And we bolster that with access to some of Europe’s leading lights through this exciting new partnership. In turn, this will ensure we continue to deliver the very best service to our dealer, broker and lender portfolio.”
Scheduled for release in early 2020, the launch will also boast several new features, delivered though a seamless, automated user journey.