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WesBank is South Africa’s leading wholesale funder and a vehicle and asset finance institution, part of FirstRand Bank Ltd. The business serves more than 1,000 dealers across Southern Africa, providing wholesale floorplan financing and related asset finance services to the region’s motor trade. Its dealer network spans multiple markets across the Southern African region.
WesBank, South Africa’s leading wholesale funder and a vehicle and asset finance business within FirstRand Bank Ltd, has signed a new five-year agreement with SBS covering its wholesale operations across Southern Africa. A client since 2012 and now serving more than 1,000 dealers in the region, WesBank is upgrading to the latest release of SBS Wholesale Servicing, delivered as a cloud-native SaaS offering. The move supports WesBank’s large-scale cloud transformation and its wider expansion programme across Southern Africa, while opening access to SBS’s broader asset finance and asset management capabilities.
“The renewed partnership with SBS marks an important step in our ongoing transformation journey. By upgrading to a modern, cloud-native platform, we are strengthening our ability to scale, innovate, and deliver enhanced value to our dealer network across Southern Africa. The flexibility and intelligence enabled by this solution will support better decision-making, improved risk management, and a more responsive service offering for our clients.”
Rob Gwerengwe, CEO
They chose SBS
WesBank needed to modernize its wholesale financing infrastructure to support a large-scale cloud transformation and its broader expansion programme across Southern Africa. As a client since 2012, the bank chose to renew its agreement with SBS for a further five years and upgrade from its previous version to the latest release of SBS Wholesale Servicing, delivered as a cloud-native SaaS offering. The new deployment gives WesBank access to one of the most configurable asset management solutions on the market, letting the bank adapt rapidly to evolving business, regulatory and market requirements. This upgrade also opens access to SBS’s wider asset finance and asset management capabilities, including AI-driven insights that support decision-making, risk management and performance optimization across its dealer network.
