Société Générale Equipment Finance holds hackathon to inspire innovation

Global equipment and vendor finance specialist Société Générale Equipment Finance (SGEF) has brought together experts from around the world for a hackathon aimed at tackling the so-called ‘dinosaurs of the banking systems’. The event, held in Berlin, was designed to stimulate innovation and inspire new developments in areas including design of the user experience (UX) and user interface (UI) in digital services.

Société Générale Equipment Finance holds hackathon to inspire innovation

Apr 23, 2019

Global equipment and vendor finance specialist Société Générale Equipment Finance (SGEF) has brought together experts from around the world for a hackathon aimed at tackling the so-called ‘dinosaurs of the banking systems’. The event, held in Berlin, was designed to stimulate innovation and inspire new developments in areas including design of the user experience (UX) and user interface (UI) in digital services.

White Oak launches premium broker programme

White Oak UK, one of the country’s largest alternative providers of SME finance, has launched a premium broker programme to support its network of partners. The programme features a dedicated business development manager and back office support staff to ensure deals are progressed quickly. Additional enhancements will also include e-signature technology.

White Oak launches premium broker programme

Apr 15, 2019

White Oak UK, one of the country’s largest alternative providers of SME finance, has launched a premium broker programme to support its network of partners. The programme features a dedicated business development manager and back office support staff to ensure deals are progressed quickly. Additional enhancements will also include e-signature technology.

Private companies struggling with lease accounting standard

A first report on how private companies are prepared for the new lease accounting standards that come into use in January 2020 suggests many have significant work remaining to meet the new requirements. The research study of 350 finance and accounting leaders from US-based private companies with $1 billion or more in revenue looked at their plans for implementing ASC 842. Overall, almost 55% of companies are finding the lease accounting project to be more complex than originally anticipated. Collecting data, modifying business processes and project managing the enterprise-wide effort are the top three challenges.

Private companies struggling with lease accounting standard

Apr 15, 2019

A first report on how private companies are prepared for the new lease accounting standards that come into use in January 2020 suggests many have significant work remaining to meet the new requirements. The research study of 350 finance and accounting leaders from US-based private companies with $1 billion or more in revenue looked at their plans for implementing ASC 842. Overall, almost 55% of companies are finding the lease accounting project to be more complex than originally anticipated. Collecting data, modifying business processes and project managing the enterprise-wide effort are the top three challenges.

Americas

NewLane Finance launches

Apr 15, 2019

Neumann Finance and Beneficial Equipment Finance have combined forces to create NewLane Finance, a new equipment finance supplier. The new company will be backed by WSFS Bank, a financial institution with approximately $13 billion in assets and the largest locally-headquartered bank in the Greater Delaware Valley. NewLane Finance will combine the technology platform and industry expertise of Neumann Finance with the maturity and heritage of Beneficial Equipment Finance, the companies say.

Asia Pacific

Identifying growth opportunities in Islamic finance

Feb 08, 2019

Islamic finance is available in 56 countries through 1,389 sharia-compliant companies that have total assets under management (AUM) of $2.4 trillion, according to a 2018 study from Thomson Reuters. In 2017, the market grew 11% and while recent expansion has been slower in core markets, such as the Gulf and south-east Asia, future trends are significantly rosier.