FLA launches its recommendations to scale up green lending

With the UK set to host the UN Climate Change Conference (COP26) in Glasgow next month, the Finance & Leasing Association (FLA) is calling on the government to introduce a Green Finance Wholesale Guarantee to help scale up green lending in support of its newly announced Net Zero strategy. FLA members financed more than a third of UK investment in machinery, equipment and purchased software in the UK in 2020, and the association points out the vast majority of consumers and businesses already supportive of the Net Zero effort.

FLA launches its recommendations to scale up green lending

Oct 21, 2021

With the UK set to host the UN Climate Change Conference (COP26) in Glasgow next month, the Finance & Leasing Association (FLA) is calling on the government to introduce a Green Finance Wholesale Guarantee to help scale up green lending in support of its newly announced Net Zero strategy. FLA members financed more than a third of UK investment in machinery, equipment and purchased software in the UK in 2020, and the association points out the vast majority of consumers and businesses already supportive of the Net Zero effort.

Green focus sees demand rise for used EVs and hybrids

In the wake of the fuel crisis and with the government unveiling its Net Zero strategy, used EVs and hybrids remain in high demand according to Aston Barclay’s desirability index. For the second month running the index features a large number of low and zero emission vehicles highlighting the shift towards a more sustainable fleet. An electric car, the Hyundai IONIQ, was named as the most in-demand across both its physical and online auction channels. Toyota’s Prius was in second place while the Kia Niro, Tesla Model 3 and Lexus NX also appeared in the top 25 used cars.

Green focus sees demand rise for used EVs and hybrids

Oct 20, 2021

In the wake of the fuel crisis and with the government unveiling its Net Zero strategy, used EVs and hybrids remain in high demand according to Aston Barclay’s desirability index. For the second month running the index features a large number of low and zero emission vehicles highlighting the shift towards a more sustainable fleet. An electric car, the Hyundai IONIQ, was named as the most in-demand across both its physical and online auction channels. Toyota’s Prius was in second place while the Kia Niro, Tesla Model 3 and Lexus NX also appeared in the top 25 used cars.

Consumers driving trend to risk-based used vehicle finance pricing

Fixed interest finance is losing ground to risk-based pricing in the used vehicle market, according to analysis by MotoNovo. While the change is modest at present, there are clear signs that loan providers are returning to the market with highly competitive headline rates, commonly using risk-based pricing that appeals to an increasingly confident and financially informed consumer.

Consumers driving trend to risk-based used vehicle finance pricing

Oct 20, 2021

Fixed interest finance is losing ground to risk-based pricing in the used vehicle market, according to analysis by MotoNovo. While the change is modest at present, there are clear signs that loan providers are returning to the market with highly competitive headline rates, commonly using risk-based pricing that appeals to an increasingly confident and financially informed consumer.

 
 

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Alfa launches agile implementation series

Asset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has announced a new thought leadership series, Innovation in Implementation. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.

Alfa launches agile implementation series

Oct 18, 2021

Asset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has announced a new thought leadership series, Innovation in Implementation. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.

 

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Auto Finance Leaders Strategic Plan 2021 – building lifetime customer value

A new auto finance ecosystem is needed in which funders work with dealers and suppliers, including software providers, to build the processes and systems that support a digitalised, flexible finance journey for customers, according to a report published today by the International Asset Finance Network, in association with White Clarke Group (an IDS company). The report, called ‘Auto Finance Leaders Strategic Plan 2021’, reveals unique insights from auto finance industry leaders on the importance of changing the traditional business cycle to create products that drive revenue through renewal and long-term customer loyalty.

Auto Finance Leaders Strategic Plan 2021 – building lifetime customer value

Aug 18, 2021

A new auto finance ecosystem is needed in which funders work with dealers and suppliers, including software providers, to build the processes and systems that support a digitalised, flexible finance journey for customers, according to a report published today by the International Asset Finance Network, in association with White Clarke Group (an IDS company). The report, called ‘Auto Finance Leaders Strategic Plan 2021’, reveals unique insights from auto finance industry leaders on the importance of changing the traditional business cycle to create products that drive revenue through renewal and long-term customer loyalty.

 
 

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BP and Mercedes-Benz Trucks collaborate on digital in-vehicle fuel payment app

Petrol giant BP and Mercedes-Benz Trucks UK have successfully tested the first digital in-truck fuel payment system in the UK, running a pilot trial with Wren Kitchens. BP’s In-Truck Pay uses a digital app to make fuel purchasing and management faster, more efficient and more secure for both truck drivers and fleet managers. The app has been developed for the latest-generation Mercedes-Benz Actros, which can be specified with Multimedia Cockpit, Interactive. This incorporates the Truck App Portal, an open platform that can be used by fleet managers to easily assign apps to their vehicles via their Multi-Touch Display.

BP and Mercedes-Benz Trucks collaborate on digital in-vehicle fuel payment app

Oct 20, 2021

Petrol giant BP and Mercedes-Benz Trucks UK have successfully tested the first digital in-truck fuel payment system in the UK, running a pilot trial with Wren Kitchens. BP’s In-Truck Pay uses a digital app to make fuel purchasing and management faster, more efficient and more secure for both truck drivers and fleet managers. The app has been developed for the latest-generation Mercedes-Benz Actros, which can be specified with Multimedia Cockpit, Interactive. This incorporates the Truck App Portal, an open platform that can be used by fleet managers to easily assign apps to their vehicles via their Multi-Touch Display.

Research shows sustainability still fails to rank as a priority when purchasing new IT

Despite growing concerns from businesses around the mounting corporate e-waste they produce, and its impact on the environment, sustainability remains a low priority when looking to procure new IT according to research by technology lifecycle management (TLM) provider 3stepIT. Its research also found more than threequarters (77%) of European businesses view e-waste as a concern while 74% believe the pressure from their employees to act more sustainably is mounting.

Research shows sustainability still fails to rank as a priority when purchasing new IT

Oct 14, 2021

Despite growing concerns from businesses around the mounting corporate e-waste they produce, and its impact on the environment, sustainability remains a low priority when looking to procure new IT according to research by technology lifecycle management (TLM) provider 3stepIT. Its research also found more than threequarters (77%) of European businesses view e-waste as a concern while 74% believe the pressure from their employees to act more sustainably is mounting.

 

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Volvo Group launches world’s first vehicle using fossil-free steel

In a move underlining its commitment to reducing emissions in its supply chain, Volvo Group has launched what it says is the world’s first vehicle using fossil-free steel. The machine, a load carrier for use in mining and quarrying, was unveiled at a green steel collaboration event held in Sweden. The steel was supplied by SSAB, a global leader in value-added high strength steel production, and Volvo Group said more vehicles will follow in 2022 in what will be a small-scale series of concept vehicles and components, with mass production set to follow.

Volvo Group launches world’s first vehicle using fossil-free steel

Oct 14, 2021

In a move underlining its commitment to reducing emissions in its supply chain, Volvo Group has launched what it says is the world’s first vehicle using fossil-free steel. The machine, a load carrier for use in mining and quarrying, was unveiled at a green steel collaboration event held in Sweden. The steel was supplied by SSAB, a global leader in value-added high strength steel production, and Volvo Group said more vehicles will follow in 2022 in what will be a small-scale series of concept vehicles and components, with mass production set to follow.

Leasys unveils its electrification strategy

Corporate and personal mobility specialist Leasys has committed to completing its “mobility revolution” project by 2024, saying its short-term fleet will be 75% electric by that date, rising to 100% by the end of 2027. The leading long-term rental company in Italy and major player at European level, Leasys is a Stellantis brand and a subsidiary of FCA Bank and has a total fleet of more than 500,000 long, medium and short-term vehicles,

Leasys unveils its electrification strategy

Oct 14, 2021

Corporate and personal mobility specialist Leasys has committed to completing its “mobility revolution” project by 2024, saying its short-term fleet will be 75% electric by that date, rising to 100% by the end of 2027. The leading long-term rental company in Italy and major player at European level, Leasys is a Stellantis brand and a subsidiary of FCA Bank and has a total fleet of more than 500,000 long, medium and short-term vehicles,

ALD expands mobility offering with Fleetpool acquisition

ALD has signed an agreement to acquire Fleetpool, a leading German car subscription company, and its portfolio of some10,000 vehicles. The deal forms part of the company’s growth strategy to deliver flexible, value-added mobility solutions and will enable ALD to rapidly develop digital car subscription services for partners, employees and private individuals and expand the commercial reach of its mobility solutions across Europe.

ALD expands mobility offering with Fleetpool acquisition

Oct 14, 2021

ALD has signed an agreement to acquire Fleetpool, a leading German car subscription company, and its portfolio of some10,000 vehicles. The deal forms part of the company’s growth strategy to deliver flexible, value-added mobility solutions and will enable ALD to rapidly develop digital car subscription services for partners, employees and private individuals and expand the commercial reach of its mobility solutions across Europe.

 

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Launch of Solifi creates major new global finance software technology platform

Three major finance software companies, IDS, William Stucky and Associates and White Clarke Group, have been renamed as Solifi to provide a range of industry solutions on a single technology platform. The rebrand follows the acquisition by IDS of both William Stucky and Associates and White Clarke Group in the past year.

Launch of Solifi creates major new global finance software technology platform

Oct 12, 2021

Three major finance software companies, IDS, William Stucky and Associates and White Clarke Group, have been renamed as Solifi to provide a range of industry solutions on a single technology platform. The rebrand follows the acquisition by IDS of both William Stucky and Associates and White Clarke Group in the past year.

Time Finance celebrates commitment to real living wage

Time Finance has been accredited as a living wage employer, demonstrating a commitment to support a fair day’s pay for a hard day’s work. The living wage will see every employee and contractor at the company receive a minimum hourly wage of £9.50 in the UK or £10.85 in London. Both rates are significantly higher than the government minimum for over 23s, which currently stands at £8.91 per hour.

Time Finance celebrates commitment to real living wage

Oct 11, 2021

Time Finance has been accredited as a living wage employer, demonstrating a commitment to support a fair day’s pay for a hard day’s work. The living wage will see every employee and contractor at the company receive a minimum hourly wage of £9.50 in the UK or £10.85 in London. Both rates are significantly higher than the government minimum for over 23s, which currently stands at £8.91 per hour.

Q2 expands with new City of London office

Q2, a leading provider of digital transformation solutions for banking and lending, has announced the opening of its new London office at Octagon point, 5 Cheapside, next to St Paul’s Cathedral and close to the London Stock Exchange. This new facility will accommodate the growth of Q2’s employee base in the Europe Middle East and Africa (EMEA) region, with roles including from sales, operations and partnership managers.

Q2 expands with new City of London office

Oct 11, 2021

Q2, a leading provider of digital transformation solutions for banking and lending, has announced the opening of its new London office at Octagon point, 5 Cheapside, next to St Paul’s Cathedral and close to the London Stock Exchange. This new facility will accommodate the growth of Q2’s employee base in the Europe Middle East and Africa (EMEA) region, with roles including from sales, operations and partnership managers.

Call for European Commission to act on vehicle data access legislation

The European Commission is coming under pressure to introduce ‘ambitious’ legislative proposals on vehicle data access, with a broad grouping of organisations including Leaseurope calling for action by Q1 2022. The current failure to agree common standards is holding back digital developments according to the coalition, which includes publishers of technical information, body repairers, dealers and workshops, garage equipment suppliers, tyre manufacturers, road patrols, parts distributors, leasing and rental companies, as well as consumers.

Call for European Commission to act on vehicle data access legislation

Oct 08, 2021

The European Commission is coming under pressure to introduce ‘ambitious’ legislative proposals on vehicle data access, with a broad grouping of organisations including Leaseurope calling for action by Q1 2022. The current failure to agree common standards is holding back digital developments according to the coalition, which includes publishers of technical information, body repairers, dealers and workshops, garage equipment suppliers, tyre manufacturers, road patrols, parts distributors, leasing and rental companies, as well as consumers.

Aston Barclay launches ‘white label’ auction platform

Aston Barclay has unveiled enhancements to its digital platform to enable finance houses to repatriate used cars back into franchised dealer networks. The company has launched a fully closed group ‘white label’ timed auction platform that has made a significant impact in reducing selling days and guaranteed new retail finance underwriting opportunities for its finance house partners. Available from the start of the year, Aston Barclay now provides a fully facilitated digitisation of the PCP returns process for finance houses that sees the utilisation of its app-based inspection tool at the returning dealership.

Aston Barclay launches ‘white label’ auction platform

Oct 08, 2021

Aston Barclay has unveiled enhancements to its digital platform to enable finance houses to repatriate used cars back into franchised dealer networks. The company has launched a fully closed group ‘white label’ timed auction platform that has made a significant impact in reducing selling days and guaranteed new retail finance underwriting opportunities for its finance house partners. Available from the start of the year, Aston Barclay now provides a fully facilitated digitisation of the PCP returns process for finance houses that sees the utilisation of its app-based inspection tool at the returning dealership.

Hampshire Trust Bank to acquire Wesleyan Bank

Hampshire Trust Bank has announced the acquisition of Wesleyan Bank. The combined business will be led by Matthew Wyles as CEO with Tim Blackwell as CFO. As part of the acquisition, 115 employees of Wesleyan Bank will transfer with the bank and will continue to work from Wesleyan Bank’s existing offices.

Hampshire Trust Bank to acquire Wesleyan Bank

Oct 07, 2021

Hampshire Trust Bank has announced the acquisition of Wesleyan Bank. The combined business will be led by Matthew Wyles as CEO with Tim Blackwell as CFO. As part of the acquisition, 115 employees of Wesleyan Bank will transfer with the bank and will continue to work from Wesleyan Bank’s existing offices.

 

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Alphabet spells out changes at the top

Alphabet (GB) and BMW Financial Services (GB) have announced a series of leadership team changes w...

Asset risk management software innovators Luminosity joins Sopra Banking Software

Sopra Banking Software is continuing on the expansion trail, acquiring Dublin-based Luminosity who...

Record used car sales, powered by fuel anxiety-induced EV popularity

Used car prices hit another all-time high in September, posting a 21.4% like-for-like increase, ac...

UK car production struggling but alternative fuelled vehicle share at record levels

UK car production fell 27% in August, the second consecutive month of decline, with 37,246 cars ma...

 

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