In-car connectivity powers new financial ecosystem
In-car connectivity powers new financial ecosystemNov 05, 2019
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Growing cyber threat concerns in the banking and automotive industriesAt the forefront of cyber security and in the face of growing cyber threats, software security company Cyber Risk Aware (CRA) has recently been awarded the highest level of training accreditation from the industry by the Chartered Institute of Information Security Professionals (CIISec). CRA offers a variety of cybercrime protective services such as running simulated phishing attacks and undertaking cyber knowledge assessments to determine where the risks lie in a business – the user, department, office, or country. To boost the efficiency of this service, CRA also provides training and reporting so that companies can meet their legal and regulatory compliance requirements in protecting data, systems and finances.
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Circular economy changes fashion industry as single-life clothing goes out of styleConsumers are moving from measuring their waists to measuring waste as they consider the carbon footprint in their clothing amid widespread warnings of a global climate emergency. As John Maslen reports, growing awareness is accelerating a global trend towards a circular economy in a range of business sectors, where funding from the asset finance industry has a key role to play.
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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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Growing cyber threat concerns in the banking and automotive industries
Circular economy changes fashion industry as single-life clothing goes out of style
NETSOL secures $4 million contract with UK vehicle finance companyDealers plan digital drive to create omnichannel finance experienceThe majority of UK dealers plan to invest in online finance capabilities in the next year to improve customer service, according to new research. By enabling customers to source finance quotes online, and potentially purchase vehicles, dealers aim to close a key gap in the customer journey which many believe puts them behind other business sectors. Online services would need to link seamlessly to the showroom experience to create a smooth customer journey, as both dealers and consumers agree that a showroom visit is a vital part of the buying experience for most buyers. Around 7 out of 10 car buyers would be happy arranging car finance online.
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New artificial intelligence research aims to transform the fight against financial crimeA major research project aims to revolutionise due diligence by developing new screening systems to combat financial crime. Neotas, a specialist in online due diligence for the financial services sector, has received a £200,000 grant to work with artificial intelligence experts at the University of Essex, England, to develop next-generation software. The company uses powerful search techniques to analyse a company’s or an individual’s ‘digital footprint’, providing advanced insights on risk without invading privacy.
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Hitachi Capital America extends its relationship with long-term software partner White Clarke GroupHitachi Capital America has extended its software partnership with global automotive, consumer and equipment finance software company White Clarke Group. The finance provider will continue its use of the CALMS Compass software solution to manage its floorplan and wholesale finance business.
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CPU Group partners with Great American Insurance Group to target European growthCPU Group, a leading provider of technology device insurance, has agreed a long-term partnership with Great American Insurance Group’s European division. CPU Group is a specialist technology and asset protection provider that provides B2B insurance schemes for electronic equipment including laptops, smartphones and tablets. The agreement with Great American will support pan-European growth for both companies.
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New brand Moblyx launches mobile apps for fleet and mobility customersMoblyx, an independent designer and creator of apps for the fleet and mobility sectors, has launched a range of products for the fleet and mobility market. M Inspect is a vehicle condition inspection app, while M Carpool supports the creation and control of a vehicle pool.
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Klare launches all-digital insurance brokerage in ChileInsurance specialist Klare has launched a digital-only broker platform in Chile. The company – a start-up backed by Banco Santander Chile and ZIMS – is offering an online brokerage service across multiple sectors, such as life and automotive insurance. The company says that any Chilean citizen with an ID card and credit card can access its services at any time.
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Why a flood of new technology could switch off dealership efficiencySoftware has been hailed as a saviour for dealerships as it automates routine tasks and provides rapid business insights, but experts warn the growing range of platforms in use could undermine its benefits. Industry analysis found that many new systems are isolated from existing networks, which creates a series of software silos that become a burden, with multiple logins that cause added friction and demand extra effort during the daily administration of the business.
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TSB and Vocalink announce new partnership to combat payment fraudRetail and commercial bank TSB is implementing a new security solution to combat payment fraud. The bank is launching ‘confirmation of payee’ for its customers in partnership with payment systems provider Vocalink. The enhanced layer of security helps prevent banks’ digital customers from sending money to the wrong bank account or falling victim to payment fraud.
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IDS acquired by software focused private equity company Thoma BravoIDS, the global provider of asset finance software solutions, has been acquired by Thoma Bravo, a software-focused private equity investment firm. Thoma Bravo takes over majority ownership from current investor SV Investment Partners. The new partnership is intended to accelerate growth plans at the software provider, including expansion of cloud-based services and its other core products. Thoma Bravo will partner with the existing IDS management team on strategic growth plans and product development.
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Bynx enhances user experience with latest software releaseSoftware solutions provider Bynx has released the latest version of its flagship fleet and mobility management package. The latest update (Version 12.10) includes new features focusing on the importance of user experience, such as improved design, advanced compliance with World Harmonised Light Vehicle Test Procedure (WLTP), enhanced remarketing functionality, in-built inspections, carpooling capability, broker apps and updated reports. Gary Jefferies, sales and marketing director at Bynx, said: “Alongside fortifying Bynx in terms of its mobility management capability, we are focused on the end-user experience in this release.
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Dealers plan digital drive to create omnichannel finance experience
New artificial intelligence research aims to transform the fight against financial crime
Hitachi Capital America extends its relationship with long-term software partner White Clarke Group
CPU Group partners with Great American Insurance Group to target European growth
New brand Moblyx launches mobile apps for fleet and mobility customers
Klare launches all-digital insurance brokerage in Chile
Why a flood of new technology could switch off dealership efficiency
TSB and Vocalink announce new partnership to combat payment fraud
IDS acquired by software focused private equity company Thoma Bravo
Bynx enhances user experience with latest software release