Target Group is a provider of software and outsourcing solution

Solution

In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...

s to financial services and insurance companies. It specialises in delivering business solution

Solution

In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...

s to the following markets: loans and mortgages, investments, general insurance, utilities and finance brokers.Target operates internationally, and has 30 years' specialist experience working for clients that include Barclays, Credit Suisse, NFU Mutual and Santander.

Target designs and writes software for loans, investments and insurance. It also operates a business process outsourcing subsidiary company Target Servicing Limited is rated by Standard & Poor's as a primary residential mortgage servicer and a primary consumer finance servicer in the UK.

Target is a Sunday Times HSBC International Track 100 company.

With headquarters in Cardiff

Cardiff

Cardiff is the capital, largest city and most populous county of Wales and the 10th largest city in the United Kingdom. The city is Wales' chief commercial centre, the base for most national cultural and sporting institutions, the Welsh national media, and the seat of the National Assembly for...

, Wales

Wales

Wales is a country that is part of the United Kingdom and the island of Great Britain, bordered by England to its east and the Atlantic Ocean and Irish Sea to its west. It has a population of three million, and a total area of 20,779 km²...

, Target has sites across the UK and in Australia

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

, New Zealand

New Zealand

New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...

 and Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

.

History

Established in 1979, Target Group specialises in software and outsourced service for loan origination, account management and arrears management solution

Solution

In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...

s. Target entered the general insurance solution

Solution

In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...

s market through the acquisition in 2007 of Target Harlosh. In 2006 launched a business process outsourcing company Target Servicing Limited which is authorised and regulated by the Financial Services Authority number 454569 and rated by S&P.

Target moved into the Australasian market in 2007 and has expanded in that region with offices in Auckland

Auckland

The Auckland metropolitan area , in the North Island of New Zealand, is the largest and most populous urban area in the country with residents, percent of the country's population. Auckland also has the largest Polynesian population of any city in the world...

 (2008) and in Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

 (2010) to complement its existing office in Melbourne

Melbourne

Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...

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Target Financial Solutions

Provides software to support the loan lifecycle and for investment plan administration for clients in the UK and Europe. Develops arrears management software for utilities as well as lenders. Also develops solution

Solution

In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...

s for finance brokers through the Target bluechip brand, and its Broker Manager product suite.

Target Harlosh

Provides solution

Solution

In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...

s for general insurance providers in the UK, Ireland, Australasia and South East Asia.

2. Target Servicing

The business process outsourcing (BPO) division of Target Group is based at a modern operations centre near Newport, South Wales, UK. Target Servicing provides flexible outsourced loan, mortgage and investment plan administration services.

2011

June- Link Loans select Target Group to manage growing unsecured portfolio

May- Target Group debuts at no. 30 in The Sunday Times HSBC International Track 100

April- Gilliat outsources plan administration to Target Group

2010

November- Standard & Poor's

Standard & Poor's

Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...

 report improved ranking for Target

September-Morgan Stanley

Morgan Stanley

Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....

 appoints Target to manage investment portfolio

July- HSBC appoints Target to service investment portfolio.

2009

* September- Standard & Poor's assigns Target Servicing servicer ranking.

* 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.

* April- Target wins motor finance servicing contract with Merrill Lynch

Merrill Lynch

Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...

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

Credit Suisse

The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...

.

2008

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