Asset Finance Connect Awards 2023 announced

The summer has never looked so good for the auto and equipment finance industry. Asset Finance Connect has announced more details of their summer awards night taking place on 12th July 2023 at the Hurlingham Club in London, and we’re all set for a night of celebration and recognition of the brightest and the best in the industry.

Asset Finance Connect Awards 2023 announced

Jan 26, 2023

The summer has never looked so good for the auto and equipment finance industry. Asset Finance Connect has announced more details of their summer awards night taking place on 12th July 2023 at the Hurlingham Club in London, and we’re all set for a night of celebration and recognition of the brightest and the best in the industry.

BNP Paribas embarks on a new phase of rapid acceleration in energy transition

Building on expertise developed within its Low-Carbon Transition Group, BNP Paribas is embarking on a new phase designed to rapidly accelerate the transition to a low carbon economy.

BNP Paribas embarks on a new phase of rapid acceleration in energy transition

Jan 27, 2023

Building on expertise developed within its Low-Carbon Transition Group, BNP Paribas is embarking on a new phase designed to rapidly accelerate the transition to a low carbon economy.

Best year in a decade for UK CV production

UK commercial vehicle (CV) production grew 39.3% in 2022, with 101,600 vans, trucks, taxis, buses and coaches leaving factory lines, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Closing off the year, turbulence in global supply chains and logistics issues saw December post 2022’s first monthly decline, as output fell -23.6% to 4,710 units after 11 months of consecutive growth.

Best year in a decade for UK CV production

Jan 27, 2023

UK commercial vehicle (CV) production grew 39.3% in 2022, with 101,600 vans, trucks, taxis, buses and coaches leaving factory lines, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Closing off the year, turbulence in global supply chains and logistics issues saw December post 2022’s first monthly decline, as output fell -23.6% to 4,710 units after 11 months of consecutive growth.

 

Asset Finance Europe 50 2022 - delivering growth in a challenging market

The annual ranking of Europe’s leading asset finance providers reveals today the leasing companies that delivered industry growth during a year in which the asset finance industry continued to navigate the challenges and knock-on effects of the Covid pandemic.

Asset Finance Europe 50 2022 - delivering growth in a challenging market

Dec 20, 2022

The annual ranking of Europe’s leading asset finance providers reveals today the leasing companies that delivered industry growth during a year in which the asset finance industry continued to navigate the challenges and knock-on effects of the Covid pandemic.

 

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Solifi Global Leasing Report 2022 reveals industry resilience in the face of pandemic challenges

A new report launched today provides a detailed insight into the impact of the global pandemic on the international asset finance industry and predicts a return to health for the market this year. The Solifi Global Leasing Report uncovers the real-world impact of the crisis as it unfolded, resulting in significant business reductions around the globe, but also some unexpected highlights.

Solifi Global Leasing Report 2022 reveals industry resilience in the face of pandemic challenges

Mar 02, 2022

A new report launched today provides a detailed insight into the impact of the global pandemic on the international asset finance industry and predicts a return to health for the market this year. The Solifi Global Leasing Report uncovers the real-world impact of the crisis as it unfolded, resulting in significant business reductions around the globe, but also some unexpected highlights.

 

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Acquis Data Services announces first wave of subscribers to Acquis Lumia

Acquis Data Services are delighted to announce Shire Leasing PLC as the latest asset finance provider to subscribe to Acquis Lumia – a central register of asset finance borrowers designed to reduce fraud in the industry. Shire Leasing will work with the industry to provide key data into Acquis Lumia to support the stand against asset finance fraud.

Acquis Data Services announces first wave of subscribers to Acquis Lumia

Jan 26, 2023

Acquis Data Services are delighted to announce Shire Leasing PLC as the latest asset finance provider to subscribe to Acquis Lumia – a central register of asset finance borrowers designed to reduce fraud in the industry. Shire Leasing will work with the industry to provide key data into Acquis Lumia to support the stand against asset finance fraud.

Jaguar Land Rover and BNP Paribas launch new mobility financing and services in Europe

Jaguar Land Rover and BNP Paribas have launched a suite of new mobility financing services across nine European markets as part of their strategic partnership. The collaboration is the first phase of a transformational plan to reimagine the role of financial services for clients of its Range Rover, Defender, Discovery and Jaguar brands.

Jaguar Land Rover and BNP Paribas launch new mobility financing and services in Europe

Jan 26, 2023

Jaguar Land Rover and BNP Paribas have launched a suite of new mobility financing services across nine European markets as part of their strategic partnership. The collaboration is the first phase of a transformational plan to reimagine the role of financial services for clients of its Range Rover, Defender, Discovery and Jaguar brands.

Allica Bank extends funding range as it hits £200m of asset finance lending

Allica Bank, the fintech challenger bank dedicated to supporting UK small and medium businesses, has extended its asset finance proposition to include soft assets to meet the demand from its brokers and customers. The bank is offering financial support to help businesses finance soft assets, which may include the acquisition of IT, telecoms or security equipment, and further increasing the ways that businesses can increase their cashflow.

Allica Bank extends funding range as it hits £200m of asset finance lending

Jan 26, 2023

Allica Bank, the fintech challenger bank dedicated to supporting UK small and medium businesses, has extended its asset finance proposition to include soft assets to meet the demand from its brokers and customers. The bank is offering financial support to help businesses finance soft assets, which may include the acquisition of IT, telecoms or security equipment, and further increasing the ways that businesses can increase their cashflow.

 

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FCA highlights areas of focus for firms implementing the Consumer Duty

With six months to go before the Consumer Duty comes into force, the Financial Conduct Authority (FCA) has published a review of how firms are planning to implement the Duty. The FCA reviewed a sample of implementation plans and found that many firms show they understand and embrace the shift to delivering good customer outcomes, which the Duty will bring, and have established extensive programmes of work to comply with it properly.

FCA highlights areas of focus for firms implementing the Consumer Duty

Jan 26, 2023

With six months to go before the Consumer Duty comes into force, the Financial Conduct Authority (FCA) has published a review of how firms are planning to implement the Duty. The FCA reviewed a sample of implementation plans and found that many firms show they understand and embrace the shift to delivering good customer outcomes, which the Duty will bring, and have established extensive programmes of work to comply with it properly.

SMEs to invest in sustainability as customers are influenced by green credentials

New data from Time Finance has shed light on the rise of conscious consumerism as it finds 82% of customers believe it is important for businesses to have green credentials, and 70% claim their sustainability commitment influences their decision to buy from them.

SMEs to invest in sustainability as customers are influenced by green credentials

Jan 26, 2023

New data from Time Finance has shed light on the rise of conscious consumerism as it finds 82% of customers believe it is important for businesses to have green credentials, and 70% claim their sustainability commitment influences their decision to buy from them.

UK car production down but electric vehicle output surges to new record

UK car production declined -9.8% in 2022 to 775,014 units, according to the latest figures issued by the Society of Motor Manufacturers and Traders (SMMT). December rounded off a volatile year, with output down -17.9% in the month after growth in October and November, with most of the year’s volume loss occurring in the first half.

UK car production down but electric vehicle output surges to new record

Jan 26, 2023

UK car production declined -9.8% in 2022 to 775,014 units, according to the latest figures issued by the Society of Motor Manufacturers and Traders (SMMT). December rounded off a volatile year, with output down -17.9% in the month after growth in October and November, with most of the year’s volume loss occurring in the first half.

 

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Government charges ahead in car fleet transition to electric vehicles

The government is powering forward towards decarbonising its central car fleet, as it has been confirmed that it hit its target in switching over a quarter of all its cars (25.5%) to ultra-low emission vehicles (ULEV). Having a higher rate of ULEV vehicles in its fleet means the government is on track to meet its 2027 target for the entire fleet be fully zero emission.

Government charges ahead in car fleet transition to electric vehicles

Jan 26, 2023

The government is powering forward towards decarbonising its central car fleet, as it has been confirmed that it hit its target in switching over a quarter of all its cars (25.5%) to ultra-low emission vehicles (ULEV). Having a higher rate of ULEV vehicles in its fleet means the government is on track to meet its 2027 target for the entire fleet be fully zero emission.

ELFA’s new business volume up 9% in December

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for December was $12.9 billion, up 9% year-on-year from new business volume in December 2021.

ELFA’s new business volume up 9% in December

Jan 25, 2023

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for December was $12.9 billion, up 9% year-on-year from new business volume in December 2021.

Bibby Financial Services supports NRC Waste Water Solutions with £3m funding package

Independent working capital provider, Bibby Financial Services (BFS), has supported major drainage services company NRC Waste Water Solutions (NRC WWS) with a £3m Asset Based Lending (ABL) package comprised of Asset Finance and Invoice Finance. The funding facility will enable its North West based founder to buy back the business he previously sold in 2018, and excel its growth ambitions in the UK.

Bibby Financial Services supports NRC Waste Water Solutions with £3m funding package

Jan 24, 2023

Independent working capital provider, Bibby Financial Services (BFS), has supported major drainage services company NRC Waste Water Solutions (NRC WWS) with a £3m Asset Based Lending (ABL) package comprised of Asset Finance and Invoice Finance. The funding facility will enable its North West based founder to buy back the business he previously sold in 2018, and excel its growth ambitions in the UK.

Novatus Advisory bolsters leadership team with appointment of two senior hires

Novatus Advisory, the risk, regulation and ESG consultancy and technology solution provider, today announced the appointment of two strategic senior hires, bolstering its leadership team to accelerate growth and maintain its existing practice of delivering excellent service. The hires bring a combined 45 years’ experience from across the financial services sector to the newly created roles and allow the firm to enter into the next phase of its business.

Novatus Advisory bolsters leadership team with appointment of two senior hires

Jan 24, 2023

Novatus Advisory, the risk, regulation and ESG consultancy and technology solution provider, today announced the appointment of two strategic senior hires, bolstering its leadership team to accelerate growth and maintain its existing practice of delivering excellent service. The hires bring a combined 45 years’ experience from across the financial services sector to the newly created roles and allow the firm to enter into the next phase of its business.

Fleet Alliance sees record levels of ULEVs in 2022

Fleet Alliance has seen the proportion of Ultra Low Emission Vehicles (ULEVs) on its managed fleet grow to record levels in the last 12 months as it continues its rapid progress towards meeting its EV100 commitment. Around two thirds (66%) of last year’s new car sales at the Glasgow-based leasing and fleet management specialist, were ULEVs – defined as those vehicles with CO2 emissions of 75g/km or less.

Fleet Alliance sees record levels of ULEVs in 2022

Jan 24, 2023

Fleet Alliance has seen the proportion of Ultra Low Emission Vehicles (ULEVs) on its managed fleet grow to record levels in the last 12 months as it continues its rapid progress towards meeting its EV100 commitment. Around two thirds (66%) of last year’s new car sales at the Glasgow-based leasing and fleet management specialist, were ULEVs – defined as those vehicles with CO2 emissions of 75g/km or less.

 

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Net Zero Review: UK could do more to reap economic benefits of green growth

Former Energy Minister Chris Skidmore has published his Net Zero Review, outlining the opportuniti...

Kaluza launches V2X trial with Volkswagen Group UK, OVO Energy and Indra

Energy software platform Kaluza has announced the launch of INFLEXION – a pioneering Vehicle-to-Ev...

Northgate delivers 2000th vehicle procured through Pretium Framework

The 2,000th vehicle has now been procured through Pretium’s Flexible Fleet Service framework. Deli...

Metro Bank launches digital car loan product under Ratesetter brand

Metro Bank has launched a digital car loan product under the RateSetter brand to enter the sizeabl...