How Mobility-as-a-Service could increase revenues for leasing companies

A new report released today reveals how Mobility-as-a-Service could enhance leasing company profits by creating new revenue streams. The Fleet Future report, powered by Bynx, is now available for download and reveals how MaaS is starting to transform business transport.

How Mobility-as-a-Service could increase revenues for leasing companies

Dec 07, 2021

A new report released today reveals how Mobility-as-a-Service could enhance leasing company profits by creating new revenue streams. The Fleet Future report, powered by Bynx, is now available for download and reveals how MaaS is starting to transform business transport.

PEAC Finance finds a platform for growth in Alfa Systems

PEAC Finance has completed a major project to upgrade Alfa Systems, alongside the implementation of new business for the Barclays Asset Finance operation which the European SME lending specialist acquired at the end of June. Completed in July 2021, the upgrade to Alfa Systems version 5.6 gave PEAC access to a wealth of new features, including support for risk-free interest rate products and usage-based billing, alongside a comprehensive redesign of the user interface to improve user experience and increase operational efficiency.

PEAC Finance finds a platform for growth in Alfa Systems

Dec 07, 2021

PEAC Finance has completed a major project to upgrade Alfa Systems, alongside the implementation of new business for the Barclays Asset Finance operation which the European SME lending specialist acquired at the end of June. Completed in July 2021, the upgrade to Alfa Systems version 5.6 gave PEAC access to a wealth of new features, including support for risk-free interest rate products and usage-based billing, alongside a comprehensive redesign of the user interface to improve user experience and increase operational efficiency.

Mobility start-up trials autonomous car-hailing service

UK start-up Imperium Drive has begun trials of a new on-demand car-hailing service called Fetch using remote-controlled driverless vehicles. Drivers summon an unmanned vehicle via an app, which is navigated by a remote driver to their location. Once the customer has driven to their destination, they end their trip via the phone app and a remote vehicle operator takes over control and pilots the car back to base or to the next user.

Mobility start-up trials autonomous car-hailing service

Dec 06, 2021

UK start-up Imperium Drive has begun trials of a new on-demand car-hailing service called Fetch using remote-controlled driverless vehicles. Drivers summon an unmanned vehicle via an app, which is navigated by a remote driver to their location. Once the customer has driven to their destination, they end their trip via the phone app and a remote vehicle operator takes over control and pilots the car back to base or to the next user.

 

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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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SMMT warns poor public charging point infrastructure risks hitting EV take-up

As the UK government continues to emphasise its Net Zero policy, analysis by the Society of Motor Manufacturers and Traders (SMMT) shows that the ratio of vehicle chargepoints to plug-in cars fell by 31% during 2020, while sales of alternative fuel vehicles rose. It warns that a patchy public charging structure risks damaging drivers’ confidence in making the switch away from fossil fuels, slowing progress to a low carbon economy.

SMMT warns poor public charging point infrastructure risks hitting EV take-up

Dec 03, 2021

As the UK government continues to emphasise its Net Zero policy, analysis by the Society of Motor Manufacturers and Traders (SMMT) shows that the ratio of vehicle chargepoints to plug-in cars fell by 31% during 2020, while sales of alternative fuel vehicles rose. It warns that a patchy public charging structure risks damaging drivers’ confidence in making the switch away from fossil fuels, slowing progress to a low carbon economy.

LCI expands helicopter leasing offer with Nova Capital Aviation (Ireland) acquisition

Aviation leasing specialist LCI is to acquire Nova Capital Aviation (Ireland), the twin-engine rotary and fixed-wing aircraft lease division of the Nova Capital Group, as it seeks to grow its presence in the on-shore mission critical services space. The deal increases LCI's leasing platform to over 140 twin-engine rotary and fixed-wing aircraft, and takes the proportion of aircraft deployed on emergency medical services (EMS), search and rescue (SAR), off-shore wind and utility missions, to over 80% of the entire leasing platform.

LCI expands helicopter leasing offer with Nova Capital Aviation (Ireland) acquisition

Dec 03, 2021

Aviation leasing specialist LCI is to acquire Nova Capital Aviation (Ireland), the twin-engine rotary and fixed-wing aircraft lease division of the Nova Capital Group, as it seeks to grow its presence in the on-shore mission critical services space. The deal increases LCI's leasing platform to over 140 twin-engine rotary and fixed-wing aircraft, and takes the proportion of aircraft deployed on emergency medical services (EMS), search and rescue (SAR), off-shore wind and utility missions, to over 80% of the entire leasing platform.

Shire Leasing to provide vehicle finance for Greater Manchester’s Clean Air Zone Financial Support Scheme

Shire Leasing has been appointed as a funder to deliver vehicle financing for Greater Manchester’s Clean Air Financial Support Scheme (FSS). The company will work with accredited vehicle dealers and applicants with a funding award to deliver a simple, fast and efficient application process, helping them to upgrade non-compliant vehicles to lower emission vehicles ahead of the charging Clean Air Zone being introduced in Spring 2022.

Shire Leasing to provide vehicle finance for Greater Manchester’s Clean Air Zone Financial Support Scheme

Dec 01, 2021

Shire Leasing has been appointed as a funder to deliver vehicle financing for Greater Manchester’s Clean Air Financial Support Scheme (FSS). The company will work with accredited vehicle dealers and applicants with a funding award to deliver a simple, fast and efficient application process, helping them to upgrade non-compliant vehicles to lower emission vehicles ahead of the charging Clean Air Zone being introduced in Spring 2022.

 

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DLL welcomes back Carlo van Kemenade in top role

DLL has named Carlo van Kemenade as its next CEO and chairman of the company’s executive board, succeeding William Stephenson, who announced his retirement earlier this year. Van Kemenade returns to the company following four years spent as CEO and chair of Obvion, one of the largest mortgage providers in the Netherlands and a wholly owned subsidiary of Rabobank.

DLL welcomes back Carlo van Kemenade in top role

Dec 01, 2021

DLL has named Carlo van Kemenade as its next CEO and chairman of the company’s executive board, succeeding William Stephenson, who announced his retirement earlier this year. Van Kemenade returns to the company following four years spent as CEO and chair of Obvion, one of the largest mortgage providers in the Netherlands and a wholly owned subsidiary of Rabobank.

Arena TV insolvency puts asset finance sector in the spotlight

The asset finance industry looks set to come under increased scrutiny, after recent national media coverage of events surrounding the sudden collapse of outside broadcast specialist Arena Television. A range of lenders are said to be at risk of facing significant losses on the funding provided for equipment supplied by the company for coverage of a range of major sporting and entertainment events.

Arena TV insolvency puts asset finance sector in the spotlight

Nov 30, 2021

The asset finance industry looks set to come under increased scrutiny, after recent national media coverage of events surrounding the sudden collapse of outside broadcast specialist Arena Television. A range of lenders are said to be at risk of facing significant losses on the funding provided for equipment supplied by the company for coverage of a range of major sporting and entertainment events.

Motorway online used car marketplace accelerates to $1 billion valuation

Online used car marketplace Motorway has hit unicorn status. The UK start-up has now added $190m in a funding round led by Index Ventures and ICONIQ Growth, a leading Silicon Valley technology growth investment firm, to $67.7 million the raised in June. Existing investors Latitude, Unbound, and BMW i Ventures also participated in the latetst round, meaning Motorway is now claiming a valuation of over $1 billion.

Motorway online used car marketplace accelerates to $1 billion valuation

Nov 29, 2021

Online used car marketplace Motorway has hit unicorn status. The UK start-up has now added $190m in a funding round led by Index Ventures and ICONIQ Growth, a leading Silicon Valley technology growth investment firm, to $67.7 million the raised in June. Existing investors Latitude, Unbound, and BMW i Ventures also participated in the latetst round, meaning Motorway is now claiming a valuation of over $1 billion.

 

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White Oak grows asset finance business with £150 million facility

Independent business lender White Oak has completed a second £150 million securitisation facility from Barclays Bank with the funds set to be deployed to SMEs and mid-sized corporates across the UK via asset finance solutions. This follows a £150 million CBILS securitisation facility agreed with Barclays in September last year. The funder plans to deploy significant capital into asset finance over the coming years across a range of sectors including agriculture, manufacturing, and construction, while continuing to grow its loans business.

White Oak grows asset finance business with £150 million facility

Nov 26, 2021

Independent business lender White Oak has completed a second £150 million securitisation facility from Barclays Bank with the funds set to be deployed to SMEs and mid-sized corporates across the UK via asset finance solutions. This follows a £150 million CBILS securitisation facility agreed with Barclays in September last year. The funder plans to deploy significant capital into asset finance over the coming years across a range of sectors including agriculture, manufacturing, and construction, while continuing to grow its loans business.

DLL and European Investment Bank to plough €370 million into Benelux green finance

DLL and the European Investment Bank (EIB) have signed new lending agreements that will make available up to €370 million in new lending for SMEs in the Benelux, to support circular economy-related or green projects. The EIB is putting up €60 million in sustainability lending for Belgium and the Netherlands, along with €125 million for initiatives in the Benelux region as a whole. DLL will match-fund both figures for a range of initiatives with a focus on re-use and climate-related financing.

DLL and European Investment Bank to plough €370 million into Benelux green finance

Nov 26, 2021

DLL and the European Investment Bank (EIB) have signed new lending agreements that will make available up to €370 million in new lending for SMEs in the Benelux, to support circular economy-related or green projects. The EIB is putting up €60 million in sustainability lending for Belgium and the Netherlands, along with €125 million for initiatives in the Benelux region as a whole. DLL will match-fund both figures for a range of initiatives with a focus on re-use and climate-related financing.

Auto innovators Bauer and Painter to launch Autonomy mobility platform

Auto retail industry veterans Georg Bauer and Scott Painter are planning a bundled car subscription service and have renamed their latest venture, the fintech and insurtech vehicle subscription platform NextCar/NXCR, in a bid to develop a global brand. The company has acquired the Autonomy brand and IP library from Micro Focus, which it intends to leverage to build a worldwide market for its mobility offerings. The pair announced a soft launch of what was then called NextCar/NXCR via a beta-test website earlier this year offering a “sneak peek” at a new car subscription service which would enable consumers to “skip the soul-crushing car loans and still get where you're going”.

Auto innovators Bauer and Painter to launch Autonomy mobility platform

Nov 25, 2021

Auto retail industry veterans Georg Bauer and Scott Painter are planning a bundled car subscription service and have renamed their latest venture, the fintech and insurtech vehicle subscription platform NextCar/NXCR, in a bid to develop a global brand. The company has acquired the Autonomy brand and IP library from Micro Focus, which it intends to leverage to build a worldwide market for its mobility offerings. The pair announced a soft launch of what was then called NextCar/NXCR via a beta-test website earlier this year offering a “sneak peek” at a new car subscription service which would enable consumers to “skip the soul-crushing car loans and still get where you're going”.

Inaugural 30 Under 30 from The Leasing Foundation is revealed at the Asset Finance Connect UK Conference & Awards

The brightest and best young executives in the asset finance industry have been revealed in the inaugural 30 Under 30 index from The Leasing Foundation, which was launched at the 2021 Asset Finance Connect UK Conference & Awards. Edward Peck, founder of Asset Finance Connect, welcomed the candidates to the stage during the evening awards ceremony in London to receive trophies recognising their achievement.

Inaugural 30 Under 30 from The Leasing Foundation is revealed at the Asset Finance Connect UK Conference & Awards

Nov 12, 2021

The brightest and best young executives in the asset finance industry have been revealed in the inaugural 30 Under 30 index from The Leasing Foundation, which was launched at the 2021 Asset Finance Connect UK Conference & Awards. Edward Peck, founder of Asset Finance Connect, welcomed the candidates to the stage during the evening awards ceremony in London to receive trophies recognising their achievement.

Hitachi Capital says access to finance critical for small business growth

As the UK’s economic recovery from Covid gains momentum, access to finance is the key factor in helping the small business sector build back and support growth in to the New Year, according to research by Hitachi Capital Business Finance. Its Business Barometer study found almost half of small businesses (49%) are relying on securing finance to help them fulfil their growth plans for the year ahead. This comes after three consecutive quarters when small business outlook has remained unchanged, with 34% of business owners predicting growth.

Hitachi Capital says access to finance critical for small business growth

Nov 24, 2021

As the UK’s economic recovery from Covid gains momentum, access to finance is the key factor in helping the small business sector build back and support growth in to the New Year, according to research by Hitachi Capital Business Finance. Its Business Barometer study found almost half of small businesses (49%) are relying on securing finance to help them fulfil their growth plans for the year ahead. This comes after three consecutive quarters when small business outlook has remained unchanged, with 34% of business owners predicting growth.

 

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Fintech Allica Bank takes on AIB SME lending portfolio

Allica Bank is to acquire around 2,000 SME customers and some £600 million of associated lending f...

Expert opinion - delivering Rate for Risk success in UK auto finance

The head of one of the UK’s biggest auto finance providers has outlined the key steps to success f...

Positive equipment trends for US, especially construction, despite 'headwinds'

Managers responsible for assets in the US are tracking positive equipment trends as the economy re...

Solifi builds Q3 momentum with Pan-European growth in asset and automotive finance

Solifi (formerly IDS, William Stucky & Associates, and White Clarke Group) has announced sever...

 

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