UTB launches technology finance offering

In May this year, United Trust Bank entered the technology finance sector with a product that enables companies to fund the purchase of hosted IT services as well as hardware, delivered software and maintenance contracts. The Bank intends to develop its Technology business by launching further funding solutions which are not currently available to brokers or businesses.

Ken Archbold has over 15 years’ of experience in the technology arena, most recently working on the Microsoft program for De Lage Landen based out of Reading. There he worked with the Microsoft senior management team to help drive business direct to the end user and with the channel partners, putting together innovative payment options. Ken will work with Kevin Flowerday, United Trust Bank’s Head of Technology Finance.

Commenting on his appointment, Ken said:

“United Trust Bank has a fantastic pedigree in asset finance, bridging and development finance and we intend to apply the same values and develop the same reputation in the Technology funding marketplace. UTB’s approach to doing business is refreshing and will add much needed alternative funding solutions to the introducer market, whilst re confirming the professional service and personal interaction they have come to expect from UTB. I very much look forward to working with the team to ensure the success of this new venture.”

Kevin Flowerday, Head of Technology Finance at United Trust Bank, said:

“Ken brings with him a wealth of knowledge in the tech finance arena, specifically in software, services and maintenance financing. We’ll be releasing new and innovative ways that our brokers can utilise our products to provide their customers with solutions that currently aren’t available in the market place. It’s an exciting time to be in the technology finance sector, and with the move to off-premise solutions we’ll be there to support our broker partners in delivering payment solutions for this technology.”