Banks increase artificial intelligence headcount by 9%
Banks increase artificial intelligence headcount by 9%May 09, 2024
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Novuna Business Finance enhances quick quoting on MercuryNovuna Business Finance has significantly improved Mercury, its front-end proposal management and tracking system, by delivering innovative quick quoting enhancements. The new functionality builds on the existing feature which enables Introducers to create quick quotes for their customer without needing to enter full proposal details upfront.
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Cambridge & Counties Bank joins the Acquis Lumia communityLeicester-headquartered Cambridge & Counties Bank, a specialist lender to SMEs and professional investors, has become the latest financial institution to join the Acquis Lumia community and its ongoing collaborative fight against fraud. Launched in 2022, Lumia is a central register of asset finance borrowing which has been designed to give unique data insights within the asset finance market, enabling lenders to make informed decisions.
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Novuna Business Finance enhances quick quoting on Mercury 
Cambridge & Counties Bank joins the Acquis Lumia communityWayve raises over US$1 billion to develop AI automated driving technologyBritish AI company Wayve has secured a US$1.05 billion investment to accelerate its mission to reimagine autonomous mobility through embodied intelligence. Backed by SoftBank Group, NVIDIA and Microsoft, Wayve will use this latest investment to fully develop and launch the first ‘embodied AI’ technology products for self-driving vehicles in the UK.
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VIP Apps Consulting transforms syndication processes of Japanese manufacturing giantVIP Apps Consulting has successfully completed a ground-breaking project with a prominent imaging and electronics equipment manufacturer in the United States. Specialising in management consulting, business process automation, and technology consultancy, VIP Apps Consulting collaborated with the Japanese manufacturer to streamline and elevate their investor management processes and solution.
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Why, where and how asset finance brokers should use tech in their businessesDuring the latest Asset Finance Connect (AFC) webcast, sponsored by NETSOL Technologies, representatives from the asset finance broker and lender communities came together to explore the role of broker technology, looking at why, where and how brokers can use tech to do more business, improve margins and better serve customers and lenders.
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Asset finance brokers banking on tech to improve customer journeyAn overwhelming majority (87%) of asset finance brokers believe investing in tech will give them a competitive-edge, but cost constraints mean they are looking to implement systems incrementally. That was the consensus among attendees at AFC’s webinar looking at why, who and how brokers can use tech to do more business, improve margins and better serve customers.
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How technology and sustainability are driving change in vendor financeAnalysis from John Rees, Asset Finance Connect’s head of equipment finance. In a world where data, technology and sustainability feature more and more in customer finance, the debate regarding captive, JV or vendor partnership continues. The equipment finance stream at the recent Asset Finance Connect Autumn 2023 Conference discussed the commercial merits of the structures in place between lenders and manufacturers to facilitate the OEM selling more products at strong margins and the finance company running a viable and profitable business.
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Barclays leads Funding Xchange Series B funding roundBarclays leads FXE’s Series B funding round, which is open to a consortium of FXE clients. The fundraise brings together strategic investors and will accelerate FXE’s ability to drive ecosystem adoption of the digital tools that promote transparency, positive customer outcomes and more efficient lending processes for banks and lenders.
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German auto finance company goes live with full NFS Ascent suite to support operations in South KoreaNETSOL Technologies, Inc. has announced the go-live of its next-generation platform NFS Ascent for a German auto captive finance company and longstanding client to support their operations in South Korea. This deployment consisted of the full NFS Ascent suite, which includes both the retail and the wholesale platforms.
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International captive implements FIS Asset Finance globally as next-gen CMSFIS has confirmed that an international captive has selected and started to implement FIS Asset Finance, adopting it as their next-generation Contract Management System (CMS) with the aim of an expansion plan across their global footprint.
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Close Brothers goes live with NETSOL's calculation engine FlexNETSOL Technologies, Inc. has announced that Close Brothers, a UK merchant banking group providing lending, deposit taking, wealth management services and securities trading, has signed-up for and, subsequently, gone live with NETSOL’s cloud-based calculation engine Flex.
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NETSOL Technologies achieves advanced tier partner status with Amazon Web ServicesNETSOL Technologies, Inc. has achieved the Advanced Tier Services Partner status within the Amazon Web Services (AWS) Partner Network (APN). AWS partners who demonstrate exceptional prominence, emerge as industry leaders in their respective markets and have a highly proficient workforce receive this status.
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Wayve raises over US$1 billion to develop AI automated driving technology
VIP Apps Consulting transforms syndication processes of Japanese manufacturing giant
Why, where and how asset finance brokers should use tech in their businesses
How technology and sustainability are driving change in vendor finance
Barclays leads Funding Xchange Series B funding round
German auto finance company goes live with full NFS Ascent suite to support operations in South Korea
International captive implements FIS Asset Finance globally as next-gen CMS
Close Brothers goes live with NETSOL's calculation engine Flex