According to Alphera Financial Services, some 75% more customers have begun using its online platform to sign and manage their motor finance agreements online in 2020, as the pandemic has incentivised digitalisation trends.
With more than a quarter of the company’s UK customers currently managing their finance agreements online, there has also been a 67% monthly increase in the number of applications completed using its e-Retail platform since March.
Oct 21, 2020
According to Alphera Financial Services, some 75% more customers have begun using its online platform to sign and manage their motor finance agreements online in 2020, as the pandemic has incentivised digitalisation trends.
With more than a quarter of the company’s UK customers currently managing their finance agreements online, there has also been a 67% monthly increase in the number of applications completed using its e-Retail platform since March.
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Metro Bank has announced that Nova Everidge (pictured above) is set to be appointed as the new director of asset finance, replacing Nathan Mollett.
Previously the head of operations and sales support for the Bank’s asset finance team, Everidge joined the company in 2016 reporting directly to Mollett. Having been part of the asset finance division for more than four years already, Everidge is set to continue to grow the function in her new role.
Everidge began her career at GE Capital European Equipment Finance, from 1993-2000, as the new business manager Scottish & Broker where she was primarily responsible for proposal management, sales support and back office processing.
Oct 20, 2020
Metro Bank has announced that Nova Everidge (pictured above) is set to be appointed as the new director of asset finance, replacing Nathan Mollett.
Previously the head of operations and sales support for the Bank’s asset finance team, Everidge joined the company in 2016 reporting directly to Mollett. Having been part of the asset finance division for more than four years already, Everidge is set to continue to grow the function in her new role.
Everidge began her career at GE Capital European Equipment Finance, from 1993-2000, as the new business manager Scottish & Broker where she was primarily responsible for proposal management, sales support and back office processing.
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Experts from global consultancy EY will reveal at an exclusive online seminar this week how the finance industry must adapt in response to changing customer behaviour caused by the pandemic.
The event, called Next is Now, will detail why financial service businesses are struggling to respond effectively to the rapid pace of change within their customer base and identify strategies to adapt more quickly.
Experts will also explain how behavioural science can play a key role in creating new strategies that could be implemented by asset finance companies.
Oct 20, 2020
Experts from global consultancy EY will reveal at an exclusive online seminar this week how the finance industry must adapt in response to changing customer behaviour caused by the pandemic.
The event, called Next is Now, will detail why financial service businesses are struggling to respond effectively to the rapid pace of change within their customer base and identify strategies to adapt more quickly.
Experts will also explain how behavioural science can play a key role in creating new strategies that could be implemented by asset finance companies.
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Following the resubmission of its banking licence application last year, Distribution Finance Capital (DF Capital) has received confirmation from the PRA and FCA that it has been authorised as a bank.
This news represents a significant milestone for the company as it raises them to the next level when it comes to their ability to raise funds and to lend. Also, the arrival of another lender with significant funds to place is certain to aid in the response to the numerous liquidity issues facing the industry in the wake of the pandemic.
Oct 14, 2020
Following the resubmission of its banking licence application last year, Distribution Finance Capital (DF Capital) has received confirmation from the PRA and FCA that it has been authorised as a bank.
This news represents a significant milestone for the company as it raises them to the next level when it comes to their ability to raise funds and to lend. Also, the arrival of another lender with significant funds to place is certain to aid in the response to the numerous liquidity issues facing the industry in the wake of the pandemic.
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New car registrations in September fell by 4.4% compared to the same month in 2019 with only 328,041 passenger cars hitting the roads, marking the worst September for new car registrations since the UK adopted a two-plate system in 1999, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
The reduced number of passenger car registrations stood against hopes that buyers were waiting for the country’s September plate-change to release further pent-up demand caused by the pandemic.
The SMMT’s figures show a decline of 15.8% on the 10-year September average, and a 33.2% fall in UK registrations this year-to-date, equalling a 615,000-unit shortfall.
Oct 15, 2020
New car registrations in September fell by 4.4% compared to the same month in 2019 with only 328,041 passenger cars hitting the roads, marking the worst September for new car registrations since the UK adopted a two-plate system in 1999, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
The reduced number of passenger car registrations stood against hopes that buyers were waiting for the country’s September plate-change to release further pent-up demand caused by the pandemic.
The SMMT’s figures show a decline of 15.8% on the 10-year September average, and a 33.2% fall in UK registrations this year-to-date, equalling a 615,000-unit shortfall.
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CBVC Vehicle Management recently announced the release of a whitepaper discussing the various methods of procuring business contract hire funding for vehicles, and the benefits and drawbacks of each method.
Entitled ‘The Benefits of Multi-Bid Vehicle Funding’, the paper concluded that the multi-bid acquisition method is the clear winner in terms of cost savings and ease-of-administration. For fleet operators looking at contract hire as the primary funding approach, there are three ways to procure one:
Oct 14, 2020
CBVC Vehicle Management recently announced the release of a whitepaper discussing the various methods of procuring business contract hire funding for vehicles, and the benefits and drawbacks of each method.
Entitled ‘The Benefits of Multi-Bid Vehicle Funding’, the paper concluded that the multi-bid acquisition method is the clear winner in terms of cost savings and ease-of-administration. For fleet operators looking at contract hire as the primary funding approach, there are three ways to procure one:
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Adapting to a complex forbearance environment
LeasePlan shuts used car platform in UK as Arval steps in to fill the gap
“The new commute” sparks risk debate for fleets, says Association of Fleet Professionals
Bridle Group fuels expansion with latest Kew Vehicle Leasing broker acquisition and online platform for dealers and lessors
