Vertex integrates tax automation solution with Alfa Start

Tax technology solutions provider, Vertex, has announced the integration of its Lease Tax O Series with Alfa Start, a cloud-based system for auto leasing operations. This marks the latest development in the relationship between the two companies, as they seek to better facilitate tax management and ease the complexities on lease and rental transactions for customers.

Vertex integrates tax automation solution with Alfa Start

Jun 10, 2021

New CEO to drive “compelling strategy” at Time Finance

Ed Rimmer has been appointed as the permanent chief executive officer of Time Finance (formerly 1pm plc), after having taken on the role on an interim basis in April 2021. With more than 25 years of experience in the financial services sector, Rimmer has worked in a variety of senior positions including UK chief executive of Bibby Financial Services in 2007. He held this role for the next five years, during which time client numbers grew by more than 50% to 4,000, profitability doubled from £16 million to £32 million and market share increased by 50%.

New CEO to drive “compelling strategy” at Time Finance

Jun 10, 2021

Future of asset finance in focus during IAFN debate with Richard Jones, Lloyds Banking Group’s motor finance and leasing MD

An in-depth discussion with Richard Jones, managing director of motor finance and leasing at Lloyds Banking Group, has revealed six key trends in asset finance that could shape the industry's future development. You can download a detailed summary of the debate using the form below. During the discussion, hosted by the International Asset Finance Network, in association with global asset finance software specialist White Clarke Group (an IDS company), he provided insights on issues including the future of subscription services, how growing demand for plug-in cars may affect the used car market and why a co-ordinated approach is vital to achieving a review of the Consumer Credit Act.

Future of asset finance in focus during IAFN debate with Richard Jones, Lloyds Banking Group’s motor finance and leasing MD

Jun 09, 2021

AF50 UK 2021 reveals country’s largest asset finance companies

A unique study of the UK’s asset finance industry published today reveals the vital role the sector will play in the country’s post-pandemic recovery. The exclusive 2021 Asset Finance 50 report provides in-depth analysis of the market, including expert commentary from finance company executives. The annual AF50 is the UK’s most influential survey of business and equipment lessors, which tracks the health of the market and identifies the key trends that are set to have an impact on the sector.

AF50 UK 2021 reveals country’s largest asset finance companies

May 18, 2021

White Clarke Group Global Leasing Report 2021 reveals health of industry as pandemic emerged

A detailed insight into the health of the global asset finance industry launched today reveals how flexibility and innovation helped the sector respond to the emerging Coronavirus pandemic. The White Clarke Group Global Leasing Report 2021 provides an invaluable insight into the shape of the asset finance market as it entered one of the most turbulent years in its history, when the COVID-19 crisis reshaped world markets. Exclusive research in the report shows that before the pandemic, the USA benefited from strong growth, with annual volume of $473 billion, a rise of 10.5% year-on-year.

White Clarke Group Global Leasing Report 2021 reveals health of industry as pandemic emerged

Mar 01, 2021

Fitch revises rating on trio of equipment rental companies

Fitch Ratings has upwardly revised the Outlook ratings on three European equipment rental companies, with Ashtead Group, Boels Topholding and Modulaire Investments all moving from Negative to Stable, while their Issuer Default Ratings were affirmed at the current levels.

Fitch revises rating on trio of equipment rental companies

Jun 08, 2021

Otoz premieres digital retail platform in partnership with tier one automotive brand

Mobility solutions technology provider, Otoz, has unveiled a new digital retailing solution for car dealerships. The new platform enables automotive companies to provide consumers with an end-to-end digital shopping experience, including leasing and finance transactions. According to Otoz, when the new platform is launched, both customers and dealers will have access to personalized portals by accessing a mobile app.

Otoz premieres digital retail platform in partnership with tier one automotive brand

Jun 08, 2021

Brendan Gleeson appointed chief strategy officer to drive innovation at IDS

Secured finance software provider, IDS, has announced the appointment of Brendan Gleeson (pictured above) as chief strategy officer. Gleeson’s primary responsibility in the newly-created position will be to drive innovation. As the former group chief executive officer of White Clarke Group, Gleeson’s appointment marks the latest stage in IDS’ acquisition of the company. The merger of the two companies has formed a technology powerhouse that provides a range of software for the equipment, automotive and working capital finance sectors.

Brendan Gleeson appointed chief strategy officer to drive innovation at IDS

Jun 03, 2021

IDS celebrates win as latest fintech solution providers are revealed

As a result of the ongoing technological transformation of the finance sector, thousands of fintech companies have sprung to life highlighting the comprehensive integration of technology in finance management. Furthermore, the establishment of fintech has also spelled the creation of many new services to replace legacy systems and replenished the structure of long-standing financial institutions, giving them a more simplified configuration. In an effort to locate the top fintech solution providers from across the globe, business insight provider Enterprise Viewpoint established the Top 20 FinTech Solution Providers 2021 ranking.

IDS celebrates win as latest fintech solution providers are revealed

May 25, 2021

IDS completes acquisition of White Clarke Group to form software tech powerhouse

IDS Group, a secured finance software provider, has announced it the successful acquisition of White Clarke Group, a provider of retail, fleet, wholesale and asset finance software solutions for the automotive and equipment finance markets. The combination creates a multi-asset class secured finance technology powerhouse to support banks, independents, OEM captive and independent finance firms globally.

IDS completes acquisition of White Clarke Group to form software tech powerhouse

Jun 01, 2021

CLFP Foundation’s Reid Raykovich is primed to take the equipment finance certification worldwide

In a recent interview with Leasing Avenues, Reid Raykovich, executive director of the CLFP Foundation, spoke about the Certified Lease & Finance Professional Foundation. Based in the US, the certification is a key credential for equipment leasing and financing professionals throughout the world. It was designed to demonstrated competency through testing of knowledge, continuing education, and a commitment to business practices. It achieves this by ensuring that every candidate passes a rigorous eight-hour exam and has at least two years in the equipment finance industry.

CLFP Foundation’s Reid Raykovich is primed to take the equipment finance certification worldwide

Jun 01, 2021

Consumer car finance still 19.7% down from pre-pandemic levels, reveals FLA

According to new figures released by the Finance & Leasing Association (FLA), the number of new cars bought on finance by consumers through the point of sale grew by 10% to 234,065, compared to the same month in 2020. However, it is worth noting that the figures are likely to be distorted due to the crushing effects of the lockdowns of March 2020. This means that a more accurate comparison would be to the same month in 2019.

Consumer car finance still 19.7% down from pre-pandemic levels, reveals FLA

May 14, 2021

Asset Alliance Group secures future in latest acquisition

The acquisition of Asset Alliance Group by private and commercial bank Arbuthnot Latham & Co has been completed, following Financial Conduct Authority approval. The deal was finalized in April for the company, which specializes in commercial vehicle, bus and coach purchase, refinancing and procurement, and has sites in Wolverhampton, Manchester, Ringwood, Ipswich and Darlington.

Asset Alliance Group secures future in latest acquisition

May 26, 2021

How to ‘build back better’ after the pandemic

Ian Isaac, managing director of Lombard, the largest AF50 bank subsidiary, explains how the focus for the year ahead will be on supporting customers to help them recover from the pandemic and ‘build back better’.

How to ‘build back better’ after the pandemic

May 26, 2021

Why we need Barclays back in the Asset Finance 50

The sale of Barclays’ remaining UK asset finance business means far more than the loss of a top 10 AF50 company; it must also raise questions about the future of leasing for UK banks, according to industry consultant Julian Rose.

Why we need Barclays back in the Asset Finance 50

May 24, 2021

Asset finance community rallies to support Richard Cameron, Allica Bank

It is the mark of a supportive and caring industry that can help its members in their time of need, as is the case with Richard Cameron (pictured above), head of asset finance at Allica Bank. Cameron is a long-standing friend and colleague to many in the asset finance industry, including us here at Asset Finance International, and his 10-year-old son, Beau, has become very unwell in the past five months.

Asset finance community rallies to support Richard Cameron, Allica Bank

May 24, 2021

Isabelle Loc appointed chief executive officer of BNP Paribas Leasing Solutions

BNP Paribas Leasing Solutions announced the appointment of Isabelle Loc (pictured above) as chief executive officer. She succeeds Charlotte Dennery, who becomes chief executive officer of BNP Paribas Personal Finance. Loc will report to Thierry Laborde, chief operating officer of the retail banking division of the BNP Paribas Group and will be responsible for pursuing the growth and development of BNP Paribas Leasing Solutions and for outlining and implementing its next medium-term strategic plan (2022-2025).