Target Group

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Target Group specialises in provision of lending and arrears management software, outsourced loan servicing, and general insurance policy systems.

Headquartered in Cardiff, Wales, Target has sites across the UK, Australia, New Zealand and China providing services to the European and Australasian, East Asian financial services and general insurance markets.

History

Established in 1979, Target Group has developed its expertise in loan origination, account management and arrears management solutions. More recently, it has entered the general insurance software market through the acquisition, in 2007, of Target harlosh. It also launched Target Loan Servicing in 2006. Target furthered its international ambitions when it moved into the Australasian market in 2007. To reflect the importance of clients in east pacific area, Target has recently added two new offices in Auckland(2008) and Shanghai(2009), to complement already existing offices in Melbourne and Brisbane.

Products and services

Target Group has two main divisions

Target Software

Target Financial Solutions

Based at company HQ in Cardiff, it provides software to support the complete loan lifecycle for an exceptionally wide range of markets and products.

Target harlosh

Based in Cirencester, Gloucestershire, it specialises in software and consultancy services for the general insurance market. Its innovative browser based general insurance software supports all lines of business.

Target Loan Servicing

The Business Process Outsourcing (BPO) division of Target Group is based at a modern operation centre near Newport, South Wales. Target Loan Servicing provides highly flexible outsourced loan and mortgage servicing. It combines skilled people, proven processes and leading edge lending and debt collection technology for clients.

Recent Activity

2008

* June- Target Loan Servicing secures contract to service the Picture Financial secured loan portfolio.

2009

* February- Target Loan Servicing secures contract to service the loan portfolio of Park motor finance, a subsidiary of Credit Suisse.

* July- Target harlosh secures commission to replace the New Zealand based insurer Tower's general insurance system and two legacy systems with a single Java-based application, Insurance FACES.

See also

  • Loan origination
  • Loan Servicing
  • Business Process Outsourcing