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Volkswagen Financial Services Poland marks three years of strong ABS performance with BearingPoint

Business

Volkswagen Financial Services Poland marks three years of strong ABS performance with BearingPoint
Business

Business

Volkswagen Financial Services Poland marks three years of strong ABS performance with BearingPoint

2026-05-05 16:00 Last Updated At:16:11

AMSTERDAM--(BUSINESS WIRE)--May 5, 2026--

Volkswagen Financial Services Poland (VWFS Poland) and BearingPoint are marking three successful years since the launch of VCL Master Poland DAC, Poland’s first STS (Simple, Transparent, and Standardized)-compliant asset-backed securities (ABS) transaction, initiated in February 2023. Over the past three years, the securitization has demonstrated strong and stable performance, improving transparency, enabling full compliance with European Securities and Markets Authority (ESMA) regulations, and enhancing operational efficiency, while establishing a new benchmark in Poland’s financial services market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260505941793/en/

VWFS Poland pursued securitization to diversify the funding mix, while automating related data management and regulatory reporting to maximize efficiency. BearingPoint provided specialized end-to-end support, from defining business requirements and preparing ESMA-compliant documentation to implementing an automated securitization platform, enabling the successful launch of the transaction. Since then, BearingPoint has continued to support VWFS Poland through its Securitization-as-a-Service model, enabling smooth operations, fully automated investor and regulatory reporting, and efficient adaptation to evolving requirements, further strengthening a trusted long-term partnership.

“Our successful and comprehensive collaboration with BearingPoint on the first Polish ABS transaction has allowed VWFS Poland to join the avant-garde of the Polish Financial Market,” said Piotr Pyrć, Head of Treasury Administration, Volkswagen Bank GmbH Sp. z o.o. Branch in Poland.

“With our Refinancing as a Service platform, we enabled VWFS Poland to automate complex securitization processes and to achieve the highest level of data and reporting quality. The result is a stable, efficient, and fully transparent ABS program that has proven to perform reliably over time. Together, we designed an ABS program that has become a benchmark in the market,” said Donald Wachs, Global Leader BearingPoint Products.

This three-year milestone highlights the value of BearingPoint’s Securitization-as-a-Service offering, which has provided VWFS Poland with fully automated, end-to-end reporting and operational support, deep insights into its asset pool, and automated data integration with its internal data warehouse, significantly reducing manual work. The collaboration illustrates how strong partnerships and modern solutions can strengthen market position and deliver sustainable impact across the financial services market.

Learn more about Securitization-as-a-Service: https://bearingpoint.services/securitization-as-a-service/en/.

About Volkswagen Financial Services Poland

Volkswagen Financial Services Polska Sp. z o.o. is part of Volkswagen Financial Services AG, one of the world’s largest global providers of financial services for the automotive industry, operating in more than 25 European countries. The company offers professional solutions in vehicle financing and fleet management.

Working closely with financial market experts, VWFS develops individually tailored fleet financing tools. From a pioneer of financial and logistics solutions in the 1960s, the company has evolved into a European leader, currently leasing more than 1.2 million vehicles worldwide.

In Poland, Volkswagen Financial Services is the number one provider of passenger car financing (SAMAR, CEPiK; leasing/CFM registrations) and a recognized expert in modern mobility and electromobility. It delivers financial solutions for all car brands of the Volkswagen Group (Volkswagen, Audi, Škoda, SEAT, CUPRA) and Porsche.

About BearingPoint

BearingPoint is an independent management and technology consultancy with European roots and a global reach. We help businesses transform by combining deep industry expertise with strong capabilities in strategy, operations, and technology. Dedicated SAP and Microsoft transformation units, a strong focus on AI, and outcome-based products enable us to provide tailored, innovative solutions that create measurable and sustainable value.

In addition to our core consulting operations, we run two joint ventures. Arcwide, our joint venture with IFS, specializes in business transformation enabled by IFS technology. BearingPoint North America, our joint venture with ABeam Consulting, focuses on consulting excellence and business transformation built on SAP.

BearingPoint works with many of the world’s leading companies and public-sector organizations. Together with its strategic alliance partner ABeam Consulting, the firm brings together more than 15,000 professionals and serves clients in over 70 countries, delivering seamless business transformation, strengthening performance, and driving sustainable impact.

BearingPoint is recognized among TIME World’s Best Companies and Forbes World’s Best Employers. The firm is also a certified B Corporation, committed to responsible business and creating long-term value for organizations, people, and society.

For more information, please visit:
Homepage: www.bearingpoint.com
LinkedIn: www.linkedin.com/company/bearingpoint

Through a long-term partnership between Volkswagen Financial Services Poland and BearingPoint, VWFS Poland successfully launched its first STS-compliant ABS transaction, VCL Master Poland DAC, which has delivered nearly three years of robust performance.

Through a long-term partnership between Volkswagen Financial Services Poland and BearingPoint, VWFS Poland successfully launched its first STS-compliant ABS transaction, VCL Master Poland DAC, which has delivered nearly three years of robust performance.

PALO ALTO, Calif.--(BUSINESS WIRE)--May 5, 2026--

Navan (NASDAQ: NAVN), the global AI-powered business travel and expense management platform, today announced it has been selected by Schindler, the leading provider of sustainable and smart urban mobility, to modernize its global travel program.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260505725595/en/

With over 150 years of industry innovation, Schindler has reshaped mobility in urban societies, growing from a local manufacturer into a global elevator, escalators and moving walkways business. To support its next phase of growth, the company has chosen to consolidate its travel operations – moving away from a fragmented online booking model. By deploying Navan, Schindler is now unifying its travel management across North America and Europe, initially covering Canada, the United States, France, Portugal, Spain, Switzerland, and the United Kingdom.

“Because we were managing travel across multiple fragmented systems, a high percentage of bookings occurred outside of our official channels,” says Luca Mancuso, Global Category Manager, Schindler. “We will finally have real-time visibility into our global travel spend, and we expect to reduce costs simply by providing a central tool, with competitive prices, that our employees actually want to use.”

Key anticipated benefits include:

“When travel bookings occur outside a company's preferred tool, it is a clear sign that legacy models are not working for employees,” says Zahir Abdelouhab, SVP, Enterprise Sales, Navan. “We’re excited to team up with Schindler and offer their employees a modern and intuitive platform, which we anticipate will lead to the travel policy compliance their finance team needs.”

About Schindler

Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators, and related services. Schindler’s mobility solutions move more than 2 billion people every day all over the world. Behind the company's success are over 67,000 employees in more than 100 countries.

About Navan

Navan (NASDAQ: NAVN) is the global AI-powered business travel and expense platform that makes travel easy for travelers. From finding flights and hotels, to automating expense reconciliation, with 24/7 support along the way, Navan delivers an intuitive experience travelers love and finance teams rely on. See how Navan customers benefit and learn more at navan.com.

Forward-Looking Statements

All statements in this press release other than statements of historical fact could be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” or similar expressions. Such statements are subject to risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements. These risks and other factors include the risks described under the caption “Risk Factors” in Navan’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on April 2, 2026, as they may be updated by Navan’s subsequent filings with the SEC. Except as required by law, Navan undertakes no obligation, and does not intend, to update these forward-looking statements.

Leading provider of sustainable and smart urban mobility deploys Navan to deliver a seamless experience for its workforce

Leading provider of sustainable and smart urban mobility deploys Navan to deliver a seamless experience for its workforce

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