EV billing start-up Mina valued at £2 million after seed funding
EV billing start-up Mina valued at £2 million after seed fundingSep 24, 2020
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Redundant tech offers both opportunity and risk for businesses, says 3stepITLarge quantities of corporate IT equipment now sits unused in offices across the UK as the workforce grapples with remote working, including some 34% of office desktop PCs, reveals new report from 3stepIT. The report detailed how the majority of businesses were caught off-guard in March, with 78% of UK businesses forced to invest in additional equipment to facilitate home working. Carmen Ene (pictured above), chief executive officer at 3stepIT, said: “Businesses have been forced to rapidly adapt to mobile technology, to enable remote working and future-proof their operations. Even those businesses who have been able to act nimbly, many have incurred huge costs equipping their people with new digital tools, and many more still face an uphill battle to modernise their tech.”
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Pandemic reveals technology as key priority for US SMEs going forward, says new study from CITMiddle market (MM) and small businesses (SB) based in the US are waking up to the value of technology investment, facilitating remote work and maintaining a tech-savvy workforce to make it all happen, says a new survey from CIT Group. According to the survey, some 89% of SBs and 97% of MMs remained open when the pandemic hit, albeit often in a limited capacity with reduced hours, or a reduced workforce as found by 47% of SBs and 62% of MMs. In addition, 61% of MMs in 2020 strongly agree that continuous technological investment is a business need compared to 47% in 2019. This sentiment is mirrored with SBs, where 81% agree technological investment is an ongoing business requirement.
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Onguard introduces machine learning to predict payment behaviourFintech company Onguard is collaborating on a new service to be launched next year that will use machine learning to predict customer payment behaviour. The new platform will combine historical data from Onguard’s software, external debtor information from business data expert Altares Dun & Bradstreet and a machine-learning based scorecard from Quantforce, based on invoice and payment history. Debtors can be ranked in order of the risk of non-payment, which enables finance companies to introduce planning at an early stage using automated workflows.
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NETSOL secures $4 million contract with UK vehicle finance companyNETSOL Technologies has signed a new multi-million-dollar contract with a large independent used vehicle finance company in the UK. The UK contract will include the implementation of NETSOL's NFS Ascent wholesale finance platform and is expected to be worth $4 million. The name of the client is not being made public.
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Redundant tech offers both opportunity and risk for businesses, says 3stepIT
Pandemic reveals technology as key priority for US SMEs going forward, says new study from CIT
Onguard introduces machine learning to predict payment behaviour
NETSOL secures $4 million contract with UK vehicle finance companyNETSOL launches NFS Ascent for Start-ups in the UK and Europe with ‘pay as you grow’ pricing modelNETSOL Technologies, the global provider of IT solutions for the asset finance and leasing industry, has launched a new version of its software to support start-ups in the asset finance and leasing industries. NFS Ascent for Start-ups provides a Software-as-a-Service (SaaS) platform to growing companies in the UK and Europe. It comes pre-configured, although it can be tailored to the customer’s requirements, while new features can be unlocked as the business expands.
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UK government promotes digitalisation with new National Data StrategyThe UK Government has launched a National Data Strategy to stimulate wider adoption and use of data-based services in the wake of the Covid-19 pandemic. Announced by digital secretary Oliver Dowden (pictured), it includes a series of “priority missions” for the Government to exploit digital transformation and economic opportunities.
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Sopra Banking Software reshapes for future growth as part of rebrandSopra Banking Software has reshaped its business under a new corporate identity as it positions itself for future growth. Sopra Banking Software now offers two platforms for two key markets. The Sopra Banking Platform serves retail and corporate banks with a digital banking platform, while the Sopra Financing Platform will support specialised finance institutions. It will integrate APAK WFS and Cassiopae.
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Software usage back to pre-COVID levels as fleets go digitalFleet software usage has returned to pre-pandemic levels according to Fleetcheck. The company, which specialises in fleet management software, said the majority of users active before mid-March had resumed using its platform, and the number of processed tasks was “at levels that could be described as normal”. It said more than 100 new customers had begun using its system during lockdown and suggested an increasing number of fleets had used the time to digitize their operations.
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Evolve IT infrastructure or risk falling behind, warns new research from RiverbedWith remote working set to continue for the foreseeable future, the change in consumer behaviour and revenue reductions, some 44% of finance business decision makers state that slow running and outdated technology is currently impacting their businesses’ ability to commercially develop, says a new report from IT company, Riverbed. The research highlights the significant need for financial organisations to invest capital in next generation solutions that deliver visibility into IT performance, boost productivity, ensure business resilience and aid with the long-term economic recovery of the UK. Furthermore, 90% of IT decision makers (ITDMs) and 86% of business decision makers (BDMs) in the financial sector see digital performance as vital to business growth.
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EVs and robotics primed to revolutionise agriculture industry, says IDTechExNow is the time for electric vehicles to break into the agricultural market, explains a new report from IDTechEx named “Electric Vehicles and Robotics in Agriculture 2020-2030”. Encompassing the agricultural industry – including farming and forestry – in the form of the commercial and societal impact of hybrid and pure electric vehicles and robotics. The introduction lays out the various challenges and requirements of making electric vehicles more widespread in the sector and details the emerging types of powertrain and which ones are becoming favoured in agriculture.
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Q2 technology accelerates financial support for companies amid COVID-19 crisisTechnology is playing a vital role in accelerating the delivery of much-needed funds to businesses during the Coronavirus pandemic. With experts warning that small businesses face a potential cash crisis in the coming months, it is vital to enable swift processing of loan and finance applications. Traditional lenders have come under fire for delays in processing claims, but agile lenders that have invested in modern technology are able to respond to requests much more quickly.
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The rise of cloud-based servitised-tech in manufacturing set to overturn legacy systems, reveals InfinityQSAs the manufacturing sector continues to adopt innovative Software-as-a-Service (SaaS) technologies as a result of the pandemic, some 74% are optimistic towards the future, reveals InfinityQS’ latest Global Client Survey. The sector is particularly dependent on manual processes and legacy technologies and the pandemic has served as a significant wake-up call. Over the past few months, it has been crucial to pick up new processes for managing production and controlling quality, and 75% of respondents to the survey noted that more of their workers are now operating remotely. For example, cloud computing has been implemented in many cases as a method of combating the challenges of remote working and to build greater flexibility and resilience into their processes.
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3stepIT set to support businesses struggling post-pandemic to deploy new IT devicesSustainable technology lifecycle management solutions provider 3stepIT has announced a new support service to help businesses struggling operationally as a result of the pandemic deploy new IT devices and save 15% off cash price. As many businesses stretching annual IT budgets and struggling to meet unforeseen costs, the campaign is designed to aid in the transition of employees working in new workspace environments – often from home – as a result of the pandemic.
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James Tew tells of iVendi’s integration with CitNOW, and how post-crisis dealers are struggling with trade-ins and VAPsA new range of finance options are set to be launched straight from dealership online videos following a new integration between online motor retail technology provider iVendi and video solutions provider CitNOW. Currently being made available to customers using both CitNOW and iVendi’s CONVERT solution, dealers are able to configure three types of link with consumers alongside any video they send to a potential car or van buyer:
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NETSOL launches NFS Ascent for Start-ups in the UK and Europe with ‘pay as you grow’ pricing model
UK government promotes digitalisation with new National Data Strategy
Sopra Banking Software reshapes for future growth as part of rebrand
Software usage back to pre-COVID levels as fleets go digital
Evolve IT infrastructure or risk falling behind, warns new research from Riverbed
EVs and robotics primed to revolutionise agriculture industry, says IDTechEx
Q2 technology accelerates financial support for companies amid COVID-19 crisis
The rise of cloud-based servitised-tech in manufacturing set to overturn legacy systems, reveals InfinityQS
James Tew tells of iVendi’s integration with CitNOW, and how post-crisis dealers are struggling with trade-ins and VAPs
