Global SME finance provider Bibby Financial Services (BFS) has appointed Karl Leitelmayer as its head of business centre for trade finance in the UK.
He joins BFS after 19 years at Lloyds Banking Group, most recently as head of broker channel sales - invoice finance, where he was instrumental in the redesign and launch of Lloyds’ broker offering to the invoice finance market.
Nov 08, 2019
Global SME finance provider Bibby Financial Services (BFS) has appointed Karl Leitelmayer as its head of business centre for trade finance in the UK.
He joins BFS after 19 years at Lloyds Banking Group, most recently as head of broker channel sales - invoice finance, where he was instrumental in the redesign and launch of Lloyds’ broker offering to the invoice finance market.
|
This year’s IAFN European SME Finance Provider of the Year, Aldermore, has launched an online portal to simplify transactions between small businesses and their funding providers.
Called Asset Backer, the new platform lets brokers manage their portfolio in one place, calculate and deliver quotes, submit new business proposals, generate documentation and electronically sign agreement documents.
New proposals are sent directly to Aldermore’s credit underwriters for review and progress can be tracked in real-time, through desktop or mobile device.
Nov 08, 2019
This year’s IAFN European SME Finance Provider of the Year, Aldermore, has launched an online portal to simplify transactions between small businesses and their funding providers.
Called Asset Backer, the new platform lets brokers manage their portfolio in one place, calculate and deliver quotes, submit new business proposals, generate documentation and electronically sign agreement documents.
New proposals are sent directly to Aldermore’s credit underwriters for review and progress can be tracked in real-time, through desktop or mobile device.
|
The former director of funding and strategy at Lenovo Financial Services, Nick Feasey, has joined consulting and services company Invigors EMEA to strengthen its operations in Europe.
Feasey (pictured) has more than 20 years’ experience in the technology asset finance sector and during his time at Lenovo he was responsible for establishing ‘data-as-a-service’ (DaaS) and on-demand financing capabilities.
Prior to this, he spent more than 10 years with equipment lessor CIT in various roles, which included growing the Dell Financial Services program in EMEA and APAC regions.
Nov 07, 2019
The former director of funding and strategy at Lenovo Financial Services, Nick Feasey, has joined consulting and services company Invigors EMEA to strengthen its operations in Europe.
Feasey (pictured) has more than 20 years’ experience in the technology asset finance sector and during his time at Lenovo he was responsible for establishing ‘data-as-a-service’ (DaaS) and on-demand financing capabilities.
Prior to this, he spent more than 10 years with equipment lessor CIT in various roles, which included growing the Dell Financial Services program in EMEA and APAC regions.
|
The average amount financed for a new car in the UK reached a record high in September as the value of advances grew despite shrinking vehicle sales, new figures from the Finance and Leasing Association show.
The value of new business in the point-of-sale (POS) consumer new car finance market grew by 5% in September compared with the same month in 2018, while new business volumes fell by 1% over the same period.
This drove the average amount financed to £21,563, 5% more than the same period last year, as consumers opt for more expensive vehicles, such as SUVs and an increasing number of plug-in vehicles, which carry a price premium compared to traditional petrol and diesel models.
Nov 06, 2019
The average amount financed for a new car in the UK reached a record high in September as the value of advances grew despite shrinking vehicle sales, new figures from the Finance and Leasing Association show.
The value of new business in the point-of-sale (POS) consumer new car finance market grew by 5% in September compared with the same month in 2018, while new business volumes fell by 1% over the same period.
This drove the average amount financed to £21,563, 5% more than the same period last year, as consumers opt for more expensive vehicles, such as SUVs and an increasing number of plug-in vehicles, which carry a price premium compared to traditional petrol and diesel models.
|
Asset finance new business (primarily leasing and hire purchase) grew 5% during Q3 2019 compared to the same period last year, according to figures from the Finance & Leasing Association (FLA).
The association also reported 5% year-on-year growth during September.
The strongest September growth came from finance for plant and machinery and business cars, while aircraft, ships and rolling stock finance leapt 78%, but from a relatively low base.
Nov 06, 2019
Asset finance new business (primarily leasing and hire purchase) grew 5% during Q3 2019 compared to the same period last year, according to figures from the Finance & Leasing Association (FLA).
The association also reported 5% year-on-year growth during September.
The strongest September growth came from finance for plant and machinery and business cars, while aircraft, ships and rolling stock finance leapt 78%, but from a relatively low base.
|
Making a substantial impact on the UK business leasing market isn’t easy. A quick review of the Asset Finance 50, the ranking survey of lessors published by Asset Finance International and Asset Finance Policy, shows:
None of the top 30 companies were established less than 10 years ago (disregarding changes in ownership).
Looking at companies established in the past 10 years, all sit in positions from 31 to 50 of the rankings. In the last reported financial year, as many lost volume as gained it (in a few cases, reflecting the selling down of portfolios rather than new business levels).
Some of the fastest growing companies have reported substantial write-offs and provisions in the past three years.
There are a few exceptions - the ‘unicorns' of asset finance. These are companies that are climbing up the Asset Finance 50 without displaying higher than average cost of risk, to date at least. These firms are demonstrating an impressive ability to manage the sometimes conflicting targets of fast growth and low cost of risk.
Nov 06, 2019
Making a substantial impact on the UK business leasing market isn’t easy. A quick review of the Asset Finance 50, the ranking survey of lessors published by Asset Finance International and Asset Finance Policy, shows:
None of the top 30 companies were established less than 10 years ago (disregarding changes in ownership).
Looking at companies established in the past 10 years, all sit in positions from 31 to 50 of the rankings. In the last reported financial year, as many lost volume as gained it (in a few cases, reflecting the selling down of portfolios rather than new business levels).
Some of the fastest growing companies have reported substantial write-offs and provisions in the past three years.
There are a few exceptions - the ‘unicorns' of asset finance. These are companies that are climbing up the Asset Finance 50 without displaying higher than average cost of risk, to date at least. These firms are demonstrating an impressive ability to manage the sometimes conflicting targets of fast growth and low cost of risk.
|
Future of auto finance in focus as Fiat Chrysler Automobiles and Groupe PSA negotiate merger
BNP Paribas 3 Step IT appoints leadership team and launches commercial operations to drive circular economy
In-car connectivity powers new financial ecosystem
MarketInvoice turns its attention to larger businesses
