Acquis and Odessa announce software integration

Asset finance insurance business, Acquis, has announced the integration of its services into Odessa, a global software platform for asset finance companies. The API (Application Programming Interface) integration will enable Acquis' customers, including lessors and banks, to automatically and in real-time upload their equipment information in bulk, Acquis noted in a statement.

Acquis and Odessa announce software integration

Feb 23, 2024

Asset finance insurance business, Acquis, has announced the integration of its services into Odessa, a global software platform for asset finance companies. The API (Application Programming Interface) integration will enable Acquis' customers, including lessors and banks, to automatically and in real-time upload their equipment information in bulk, Acquis noted in a statement.

Lloyds makes £450 million provision for FCA review

Lloyds Banking Group has announced a £450 million provision for the potential impact of the FCA review into historical motor finance commission arrangements in its fourth quarter results. The bank’s total provision for bad loans was £541 million, substantially higher than analysts’ predictions of £126 million, and a big increase on the £187 million set aside in the third quarter.

Lloyds makes £450 million provision for FCA review

Feb 22, 2024

Lloyds Banking Group has announced a £450 million provision for the potential impact of the FCA review into historical motor finance commission arrangements in its fourth quarter results. The bank’s total provision for bad loans was £541 million, substantially higher than analysts’ predictions of £126 million, and a big increase on the £187 million set aside in the third quarter.

FLA launches broker accreditation scheme

The Finance & Leasing Association (FLA) has announced a new service offering funders a single-source broker review, streamlining the checking process for working with intermediaries, in a move designed to reduce the cost and time required for lenders to demonstrate that core compliance requirements are being met. Speaking at the association’s annual dinner, FLA chair John Phillipou said the service, branded ‘FLA Accredited Broker’, would ‘help participating brokers demonstrate best practice through alignment with our Business Finance Code and compliance with FCA regulations.’

FLA launches broker accreditation scheme

Feb 21, 2024

The Finance & Leasing Association (FLA) has announced a new service offering funders a single-source broker review, streamlining the checking process for working with intermediaries, in a move designed to reduce the cost and time required for lenders to demonstrate that core compliance requirements are being met. Speaking at the association’s annual dinner, FLA chair John Phillipou said the service, branded ‘FLA Accredited Broker’, would ‘help participating brokers demonstrate best practice through alignment with our Business Finance Code and compliance with FCA regulations.’

 
AFC SUMMER AWARDS 2024 - 9 JULY IN LONDON

AFT 06.2019 Banner 2

 

Asset Finance Europe 50 2023 - maintaining growth in turbulent times

The annual ranking of Europe’s leading asset finance providers today reveals the leasing companies that delivered industry growth during a year in which the asset finance industry continued to face a period of economic uncertainty. The Asset Finance Europe 50, sponsored by Alfa, is the unique European annual ranking survey of business equipment and fleet lessors that provides an objective overview of all parts of the European leasing market.

Asset Finance Europe 50 2023 - maintaining growth in turbulent times

Nov 09, 2023

The annual ranking of Europe’s leading asset finance providers today reveals the leasing companies that delivered industry growth during a year in which the asset finance industry continued to face a period of economic uncertainty. The Asset Finance Europe 50, sponsored by Alfa, is the unique European annual ranking survey of business equipment and fleet lessors that provides an objective overview of all parts of the European leasing market.

 

AF50 Banner UK 2019

 
   
 

Solifi Global Leasing Report 2023 reveals growth as the leasing industry emerges from the pandemic

The new Solifi Global Leasing Report 2023 reveals a promising 9.3% increase in new business volumes in 2021, as the global leasing industry emerged from the pandemic and equipment investments rebounded. The report highlights that the top 50 countries reported new business volume of US$1.463 billion in 2021, up from US$1.338 billion in 2020.

Solifi Global Leasing Report 2023 reveals growth as the leasing industry emerges from the pandemic

Mar 01, 2023

The new Solifi Global Leasing Report 2023 reveals a promising 9.3% increase in new business volumes in 2021, as the global leasing industry emerged from the pandemic and equipment investments rebounded. The report highlights that the top 50 countries reported new business volume of US$1.463 billion in 2021, up from US$1.338 billion in 2020.

 

WCG Report AFIBanner Download v2

 

Renaissance Asset Finance joins Acquis Lumia

Renaissance Asset Finance, part of Arbuthnot Latham & Co., Ltd., is the most recent asset finance player to collaborate with its industry peers as it becomes part of the Acquis Lumia community.

Renaissance Asset Finance joins Acquis Lumia

Feb 23, 2024

Renaissance Asset Finance, part of Arbuthnot Latham & Co., Ltd., is the most recent asset finance player to collaborate with its industry peers as it becomes part of the Acquis Lumia community.

BankiFi and Praetura unveil next stage of strategic partnership

BankiFi and Praetura, the Manchester-based fintech and alternative lending companies, have launched a new lending-as-a-service solution that will boost SMEs’ access to growth funding. The platform is designed to help small businesses access capital when they may otherwise not meet the criteria for traditional high street banks. Praetura, backed by BankiFi’s tech platform, will deliver asset and invoice finance to SMEs on behalf of banks unable to support those businesses.

BankiFi and Praetura unveil next stage of strategic partnership

Feb 22, 2024

BankiFi and Praetura, the Manchester-based fintech and alternative lending companies, have launched a new lending-as-a-service solution that will boost SMEs’ access to growth funding. The platform is designed to help small businesses access capital when they may otherwise not meet the criteria for traditional high street banks. Praetura, backed by BankiFi’s tech platform, will deliver asset and invoice finance to SMEs on behalf of banks unable to support those businesses.

Ebbon Automotive and QV Systems provide fully integrated e-procurement solution

Bedford-based B2B Fintech, QV Systems, has integrated Ebbon Automotive’s e-procurement platform, Leaselink, into its Accelerate SaaS platform. The integration allows customers to process and manage all new vehicle orders electronically from quote through to delivery.

Ebbon Automotive and QV Systems provide fully integrated e-procurement solution

Feb 21, 2024

Bedford-based B2B Fintech, QV Systems, has integrated Ebbon Automotive’s e-procurement platform, Leaselink, into its Accelerate SaaS platform. The integration allows customers to process and manage all new vehicle orders electronically from quote through to delivery.

 

Linkedin banner 1200x6282x2

    

Brokers bridge finance gaps for SMEs with £38 billion in loans

Commercial finance brokers facilitated £38 billion in lending to small and medium-sized enterprises (SMEs) in 2023, as revealed in the latest membership survey findings from the National Association of Commercial Finance Brokers (NACFB).

Brokers bridge finance gaps for SMEs with £38 billion in loans

Feb 21, 2024

Commercial finance brokers facilitated £38 billion in lending to small and medium-sized enterprises (SMEs) in 2023, as revealed in the latest membership survey findings from the National Association of Commercial Finance Brokers (NACFB).

FLA members provided £151 billion of new business in 2023

New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided a record £151 billion of new business in 2023, 1% higher than in 2022.

FLA members provided £151 billion of new business in 2023

Feb 20, 2024

New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided a record £151 billion of new business in 2023, 1% higher than in 2022.

Asset Finance Connect Awards Nominations Go Live

Asset Finance Connect’s Summer Awards 2024 website is now open for organisations to add their nominations for award winners and to book their tables. “There are lots of excellent awards that industry players will want to compete for – and you have until 12th April to get your nominations in,” said Edward Peck, CEO of Asset Finance Connect. “Our categories provide the opportunity for employers to recognise not only the outstanding achievements of their company but also the hard work and talent of their employees from the CEO right through to rising stars who are just starting their career.”

Asset Finance Connect Awards Nominations Go Live

Feb 19, 2024

Asset Finance Connect’s Summer Awards 2024 website is now open for organisations to add their nominations for award winners and to book their tables. “There are lots of excellent awards that industry players will want to compete for – and you have until 12th April to get your nominations in,” said Edward Peck, CEO of Asset Finance Connect. “Our categories provide the opportunity for employers to recognise not only the outstanding achievements of their company but also the hard work and talent of their employees from the CEO right through to rising stars who are just starting their career.”

 
 

AFT 06.2019 Banner 2

 

Metro Bank appoints Andy Veares as Managing Director for Corporate and Commercial

Metro Bank has appointed Andy Veares as its new managing director for corporate and commercial subject to regulatory approval. Veares has been at the bank since 2012 most recently as director of large trading businesses.

Metro Bank appoints Andy Veares as Managing Director for Corporate and Commercial

Feb 20, 2024

Metro Bank has appointed Andy Veares as its new managing director for corporate and commercial subject to regulatory approval. Veares has been at the bank since 2012 most recently as director of large trading businesses.

What might be the eventual outcome of the FCA investigation? Julian Rose makes his assessment

Julian Rose, director, Asset Finance Policy, and a regular commentator on the asset finance industry provides his take on the eventual outcome from the FCA review of motor finance and the impact on the lending market. There’s a lot of uncertainty about what the FCA will do later this year after it completes the review announced in January. Until then, the regulator has said it will ‘analyse the issues and decide what, if any, further action including legal steps are necessary’. The effects in the meantime can be seen in Close Brother’s share price, down by over 60% since the FCA’s announcement, and estimates by some analysts of the market-wide costs of compensation to customers at up to £13 billion.

What might be the eventual outcome of the FCA investigation? Julian Rose makes his assessment

Feb 19, 2024

Julian Rose, director, Asset Finance Policy, and a regular commentator on the asset finance industry provides his take on the eventual outcome from the FCA review of motor finance and the impact on the lending market. There’s a lot of uncertainty about what the FCA will do later this year after it completes the review announced in January. Until then, the regulator has said it will ‘analyse the issues and decide what, if any, further action including legal steps are necessary’. The effects in the meantime can be seen in Close Brother’s share price, down by over 60% since the FCA’s announcement, and estimates by some analysts of the market-wide costs of compensation to customers at up to £13 billion.

Rising costs tops the list of concerns for small businesses

Seven in ten (70%) SMEs are concerned about rising costs this year with nearly half (42%) stating they are ‘very concerned’ as inflation continues to erode companies bottom lines, new research from Shawbrook reveals. When asked what their main focal points will be over the next year, 46% agreed that managing rising costs would be a priority. Only 2% of respondents reported they are not concerned at all about rising costs.

Rising costs tops the list of concerns for small businesses

Feb 20, 2024

Seven in ten (70%) SMEs are concerned about rising costs this year with nearly half (42%) stating they are ‘very concerned’ as inflation continues to erode companies bottom lines, new research from Shawbrook reveals. When asked what their main focal points will be over the next year, 46% agreed that managing rising costs would be a priority. Only 2% of respondents reported they are not concerned at all about rising costs.

The impact of Brexit on the UK’s SME community

John Phillipou, Managing Director of Paragon Bank’s SME Lending Division shares his thoughts on how SME businesses in the UK have adapted since Brexit. What do we remember about 2020? Most of us immediately think of the country going into lockdown in March 2020 as Covid-19 hit. Beyond that, 2020 was already going to be a challenging year for UK SMEs. Amidst the panic and confusion of lockdown, Brexit, where the UK officially left the European Union on January 31st was largely forgotten during Covid, as businesses fought to stay afloat.

The impact of Brexit on the UK’s SME community

Feb 19, 2024

John Phillipou, Managing Director of Paragon Bank’s SME Lending Division shares his thoughts on how SME businesses in the UK have adapted since Brexit. What do we remember about 2020? Most of us immediately think of the country going into lockdown in March 2020 as Covid-19 hit. Beyond that, 2020 was already going to be a challenging year for UK SMEs. Amidst the panic and confusion of lockdown, Brexit, where the UK officially left the European Union on January 31st was largely forgotten during Covid, as businesses fought to stay afloat.

Close Brothers axes dividend citing FCA review ‘uncertainty’

Close Brothers has announced it will not be paying a dividend this year and is reviewing plans for any future payouts, as a result of what it called ‘significant uncertainty’ about the outcome of the FCA’s review of historical motor finance commission arrangements.

Close Brothers axes dividend citing FCA review ‘uncertainty’

Feb 15, 2024

Close Brothers has announced it will not be paying a dividend this year and is reviewing plans for any future payouts, as a result of what it called ‘significant uncertainty’ about the outcome of the FCA’s review of historical motor finance commission arrangements.

NETSOL Technologies appoints Aysha Ellis-Aziz as Global Head of Marketing - Field and Partnerships

NETSOL Technologies, Inc. has appointed Aysha Ellis-Aziz to the role of Global Head of Marketing - Field and Partnerships. This strategic move closely follows the recent appointment of Erik Wagner as the Chief Marketing Officer (CMO) of NETSOL Technologies, Inc.

NETSOL Technologies appoints Aysha Ellis-Aziz as Global Head of Marketing - Field and Partnerships

Feb 15, 2024

NETSOL Technologies, Inc. has appointed Aysha Ellis-Aziz to the role of Global Head of Marketing - Field and Partnerships. This strategic move closely follows the recent appointment of Erik Wagner as the Chief Marketing Officer (CMO) of NETSOL Technologies, Inc.

 

AFT 06.2019 Banner 2

Stellantis reports record full-year 2023 results

Stellantis N.V. has today reported record full-year 2023 results. Net revenues grew 6% y-o-y to €1...

FLA publishes 2024 Manifesto

The Finance & Leasing Association (FLA) has today published its 2024 Manifesto. The Manifesto...

FCA probe has ‘significant financial ramifications’

A senior Bank of England official has branded the use of discretionary commissions “a bad structur...

Inflation holds steady at 4% in January

UK inflation was unchanged in January 2024 remaining at 4.0%, according to figures released today ...