Leeds software firm collaborates with Manchester's Godel Technologies to innovate fintech platform

Two tech leaders have partnered to develop the next generation of a fintech platform.

Leeds-headquartered DealTrak - a tech firm helping UK car showrooms manage the finance and insurance side of their business - has teamed with international software engineering firm, Godel Technologies, to develop this new generation.

Integrated with 200 partners and counting, DealTrak passed more than 3.6 million proposals through the platform in 2018 - representing potential transactions totalling £9.6bn.

By augmenting the existing the capabilities of the system, that number is expected to rise by 40 per cent over the next two years.

Ben Moore, IT director at DealTrak, explained: “Used by over 1,100 motor dealerships, the current iteration of our platform is already renowned for improving operational efficiencies within time-poor dealerships. But we want to take that to the next level.

“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 finance and insurance sector.”

Through its partnership with Manchester-based Godel, DealTrak expects that, once launched, the software will enable motor dealers to liaise with more customers each day and handle increased volumes of finance and insurance transactions.

In turn, this could lead to an uplift in sales and reduced operational overheads.

Paul Green, CCO at Godel, added: “We are working in close partnership to augment DealTrak’s in-house development team on the AWS platform, using PHP as the primary development language.

“In turn, this will enable the team to deliver new product capabilities - bringing new integrations to market quickly to satisfy customer demand.

“The DealTrak platform is synonymous with the automotive finance and insurance industry, and we’re delighted to be working with the team towards what will undoubtedly be another game-changing piece of software.”

Scheduled for release in early 2020, the launch will also have new features, delivered though an automated user journey.