IRIS Software Group builds international capabilities with acquisition of Innervision
IRIS Software Group builds international capabilities with acquisition of InnervisionSep 16, 2019
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Visma Finance chooses Tieto’s platform for factoringThe new finance arm of Enterprise Resource Planning (ERP) provider Visma has chosen Tieto's platform ProFinance to offer factoring to its Swedish SME customers. The platform will provide Visma Finance with a modular automated platform to improve operational efficiency and user experience. The Visma group consists of more than 200 companies across 16 countries worldwide. The structure allows the business to remain close to local markets while sharing expertise globally as it delivers software that simplifies and digitises key business processes in the private and public sector.
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Electric aircraft development is slowly taking offThe fledgling manned electric aircraft industry is in need of patient investors and asset financing as companies start on the road to developing new technology, according to IDTechEx. The emerging technology research company said those companies that have started off with simple applications are seeing some success with Bye Aerospace attracting $165 million in business in one year. Another company, Ampaire has advanced electric aircraft technology available but it has started with a relatively straightforward replacement of one engine in a small Cessna propellor plane to create hybrid electric versions. Raghu Das, IDTechEx chief executive, said the pure electric aviation industry needs patient investors as it will take time for larger commercial applications.
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VGroup International rolls out automation to improve service for leasing companiesVGroup International is introducing new automation features to its online vehicle accessory ordering platform to drive efficiencies for its leasing industry customers. The company has made changes to its vLink online platform by fully automating the ordering of accessories at the time a vehicle order is placed. Until now contract hire and leasing companies would order vehicles via the appropriate supplying dealer. The dealer would then separately - following receipt of an accessory order sometimes received manually - order accessories such as number plates, car mats and other items requested by fleets that might include boot protectors, safety kits, first aid kits, travel kits and weather-related kits as well as ‘welcome’ and driver information packs, which could result in errors being made.
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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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Visma Finance chooses Tieto’s platform for factoring
Electric aircraft development is slowly taking off
VGroup International rolls out automation to improve service for leasing companies
NETSOL secures $4 million contract with UK vehicle finance companyHigh Street banks at the bottom of the pack for convenience for young peopleA survey of Generation Z people in the UK has revealed that tech-based brands are three times more popular than traditional banks when it comes down to who they think will be looking after their finances in the future. Generation Z are the people born between the late 1990s and early 2000s and while it may sound obvious that younger people will be more tech-focussed, it highlights how much work the High Street banks need to do to play catch up. The survey was of a nationally representative sample of 2,051 under 25-year olds in the UK commissioned by IT company ThoughtWorks in June. At a time when the majority of Britons prefer to shop online, ThoughtWorks asked its panel of under 25 year-olds which type of companies they thought would offer them the most advanced, real-time services that would make money management a simple and easy everyday task.
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Uber partners with Fair.com to reward drivers with payment discountsUber Technologies has expanded its rewards programme for US drivers so they can earn up to $40 a month in credits to redeem against Fair.com vehicle payments. Drivers can increase their Fair credit based on their Uber Pro tier: partner, gold, platinum and diamond. Gold equates to $10 in Fair Credits, Platinum is $20 and Diamond is $40. In order to qualify for Uber Pro, drivers must maintain a rating of 4.85 or above.
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Allegiance Financial Group upgrades to InfoLease 10 with IDSAllegiance Financial Group (AFG), the equipment finance specialist, has continued its partnership with IDS to upgrade to its latest InfoLease 10 portfolio management tool. IDS InfoLease is a cloud-based portfolio management platform that supports contract structures, including tax and non-tax leases, leveraged leases, loans, conditional sales contracts, floating rate and revolving accounts. Allegiance has been working with IDS since 2003 and so the business was already familiar with the InfoLease platform.
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Unicaja Banco signs strategic partnership with Ebury PartnersUnicaja Banco, Spain’s seventh largest bank, has signed up to Ebury’s global transaction banking platform. The deal will see Unicaja offer international payments and cash management services to its 400,000 SME customers and three million retail customers. Unicaja’s customers can now make international payments in more than 100 currencies, collect over 40 currencies across Europe, APAC, Africa and South America. They will also be able to use dedicated currency accounts in over 20 countries and access foreign exchange risk management tools for over 130 currencies through one platform with Ebury.
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Fleetondemand acquires FleetEurope to expand reach of MaaS servicesEuropean fleet mobility technology provider Fleetondemand has acquired vehicle management company FleetEurope for an undisclosed sum. The deal was funded by Fleetondemand’s long-term investment partner BGF, which acquired a minority stake in the technology business following a £5 million investment last year. This acquisition is intended to accelerate growth of Fleetondemand’s Mobility as a Service (MaaS) solutions within the vehicle rental sector by providing its solutions to FleetEurope’s blue-chip client base. The combined business will provide a suite of Mobility-as-a-Service products for national and international customers, including the Mobilleo platform, through which customers can access almost any transport option, via desktop or smartphone app.
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Bynx improves vehicle resale processes with major software updateSoftware provider Bynx has announced the update of its flagship fleet and mobility management platform. Version 12.9 of the platform provides improved design and functionality, improved customer communication and makes it easier to sell vehicles through advanced controls and monitoring functions. In addition, the company has boosted its existing online asset purchasing capability to support online auctions.
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How to succeed in a digital asset finance landscapeThe world of asset finance is changing – it’s reinventing itself digitally. It has to do so, as customer expectations for better experiences are increasing while the pressure on operational costs continues to be high. How to compete and win in this ‘brave new’ digital landscape isn’t always straightforward. Innovative new digital technologies now provide asset finance solutions that are quick, simple and seamless, with reduced paperwork, faster delivery of funds and enhanced customer service delivery that is highly personalised. In new research Cloud Lending commissioned Asset Finance International (AFI) to evaluate the role of digital technologies in driving digital transformation. To explore this topic, we developed a qualitative survey of global asset finance professionals who have influence over digital transformation strategy in their organisations.
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Software to play critical role in managing complex automotive landscapeSoftware will play a key role in managing the increasing complex European leasing, finance, fleet and mobility markets as the travel requirements of fleet and private customers converge, according to industry experts. Amid growth in private leasing and value-added services, leasing companies are having to serve their traditional business-to-business (B2B) customer base alongside a growing business-to-consumer (B2C) market, while also managing growth of hybrid schemes, such as business-to-business-to-employee (B2B2E) services, which include mobility budgets that can cover private and business travel. In addition, customers are demanding more flexible services, with requirements ranging from vehicle hire by the hour to long-term leases.
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NETSOL completes acquisition of Virtual Lease ServicesSoftware solutions provider NETSOL Technologies has completed its acquisition of portfolio and risk management service company Virtual Lease Services (VLS). NETSOL has acquired the final 49% of the business after initially investing in a 51% stake in 2011, as part of a joint venture with banking and asset management group, Investec. VLS is a UK-based portfolio and risk management servicing partner for a range of business and consumer finance providers in the industry. It provides a back-office solution supporting complex, middle and large ticket leases, SME instalment credit, and consumer loans, with nearly £500 million receivables under management.
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Charity Bank replaces legacy core banking system with Apak Group softwareEthical banking organisation Charity Bank has announced a new partnership with financial software provider Apak Group to implement its Aurius platform. The system will replace Charity Bank’s legacy core banking system and will go live before the end of 2019. Aurius is a banking platform that also manages online applications for accounts and provides an in-built workflow management system to streamline processes.
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High Street banks at the bottom of the pack for convenience for young people
Uber partners with Fair.com to reward drivers with payment discounts
Allegiance Financial Group upgrades to InfoLease 10 with IDS
Unicaja Banco signs strategic partnership with Ebury Partners
Fleetondemand acquires FleetEurope to expand reach of MaaS services
Bynx improves vehicle resale processes with major software update
How to succeed in a digital asset finance landscape
Software to play critical role in managing complex automotive landscape
NETSOL completes acquisition of Virtual Lease Services
Charity Bank replaces legacy core banking system with Apak Group software