More companies investigating vehicle solutions beyond the company car

UK companies are showing increasing interest in providing vehicle solutions for all employees, including those not entitled to a company car, according to vehicle leasing provider Arval. Employers increasingly want to offer a broader mix of vehicle solutions to more employees, with personal lease and salary exchange ideal to meet the demand, the company says.

More companies investigating vehicle solutions beyond the company car

Dec 12, 2018

UK companies are showing increasing interest in providing vehicle solutions for all employees, including those not entitled to a company car, according to vehicle leasing provider Arval. Employers increasingly want to offer a broader mix of vehicle solutions to more employees, with personal lease and salary exchange ideal to meet the demand, the company says.

US vehicle-to-vehicle communication market will grow to 62 million vehicles

More than 62 million vehicles in the US will be capable of vehicle-to-vehicle (V2V) communication by 2023, according to analysis by Juniper Research. The total will rise from just over 1.1 million in 2019, an average annual growth rate of 173% over four years, according to its research. Its study, Consumer Connected Cars: Telematics, In-Vehicle Apps & Connect Car Commerce 2018-2023, found that rollouts of 5G networks, anticipated to launch next year, will be the key to the expansion of V2V communications.

US vehicle-to-vehicle communication market will grow to 62 million vehicles

Dec 12, 2018

More than 62 million vehicles in the US will be capable of vehicle-to-vehicle (V2V) communication by 2023, according to analysis by Juniper Research. The total will rise from just over 1.1 million in 2019, an average annual growth rate of 173% over four years, according to its research. Its study, Consumer Connected Cars: Telematics, In-Vehicle Apps & Connect Car Commerce 2018-2023, found that rollouts of 5G networks, anticipated to launch next year, will be the key to the expansion of V2V communications.

AutoNation invests in online retailer Vroom

US online auto retailer Vroom has announced a $146 million Series G funding round led by AutoNation, a national dealership with over 360 outlets. Vroom offers thousands of low-mileage, reconditioned vehicles with delivery directly to consumers. It will use this new round of investment to invest in key technologies and processes, expand marketing and develop its management team.

AutoNation invests in online retailer Vroom

Dec 12, 2018

US online auto retailer Vroom has announced a $146 million Series G funding round led by AutoNation, a national dealership with over 360 outlets. Vroom offers thousands of low-mileage, reconditioned vehicles with delivery directly to consumers. It will use this new round of investment to invest in key technologies and processes, expand marketing and develop its management team.

 

How to create a seamless auto finance journey from home to the showroom

When customers buy cars and vehicle finance, their purchasing journey typically switches between online and offline methods four times before completion, and they expect this journey to be seamless. With 86% of car buyers starting their journey online, the challenge facing auto finance companies is how to integrate both the digital and physical experience, so the customer journey progresses smoothly without buyers needing to start again when they visit a showroom. A major initiative at FCA Bank has been tackling the ‘online to offline’ challenge by shaping a new digitalization journey. It began in 2013 and is expected to offer full e-commerce by 2020, with customers using a platform at home that can also be accessed at dealerships. You can hear more about the ‘O2O’ journey in this exclusive presentation by Giacomo Carelli, CEO of FCA Bank, provided courtesy of leading finance software provider White Clarke Group.

How to create a seamless auto finance journey from home to the showroom

Dec 05, 2018

When customers buy cars and vehicle finance, their purchasing journey typically switches between online and offline methods four times before completion, and they expect this journey to be seamless. With 86% of car buyers starting their journey online, the challenge facing auto finance companies is how to integrate both the digital and physical experience, so the customer journey progresses smoothly without buyers needing to start again when they visit a showroom. A major initiative at FCA Bank has been tackling the ‘online to offline’ challenge by shaping a new digitalization journey. It began in 2013 and is expected to offer full e-commerce by 2020, with customers using a platform at home that can also be accessed at dealerships. You can hear more about the ‘O2O’ journey in this exclusive presentation by Giacomo Carelli, CEO of FCA Bank, provided courtesy of leading finance software provider White Clarke Group.

 
 

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Digital lender iwoca adds Barclays and HSBC to Open Banking connections

Digital small business lending pioneer iwoca has connected leading banks Barclays and HSBC to its platform through Open Banking. The finance company now has connections to three of country’s largest banks after it completed the first ground-breaking agreement with Lloyds Bank in November. As a result of the expansion, 60% of iwoca’s customers can now make use of Open Banking services, under which customers can give verified third-parties secure access to their bank data to speed up the lending process.

Digital lender iwoca adds Barclays and HSBC to Open Banking connections

Dec 12, 2018

Digital small business lending pioneer iwoca has connected leading banks Barclays and HSBC to its platform through Open Banking. The finance company now has connections to three of country’s largest banks after it completed the first ground-breaking agreement with Lloyds Bank in November. As a result of the expansion, 60% of iwoca’s customers can now make use of Open Banking services, under which customers can give verified third-parties secure access to their bank data to speed up the lending process.

Volkswagen to move away from fossil fuels as part of €11bn investment in electrification, mobility, digitalisation and autonomous driving

Volkswagen has revealed radical plans that will mark the end of the fossil fuel era, as it focuses solely on developing electric vehicles with the next decade. As part of a €11 billion development programme, Volkswagen will spend €9 billion on its electrification offensive. Other funds will be spent on digitalization, introducing autonomous driving capabilities and expanding its mobility services.

Volkswagen to move away from fossil fuels as part of €11bn investment in electrification, mobility, digitalisation and autonomous driving

Dec 12, 2018

Volkswagen has revealed radical plans that will mark the end of the fossil fuel era, as it focuses solely on developing electric vehicles with the next decade. As part of a €11 billion development programme, Volkswagen will spend €9 billion on its electrification offensive. Other funds will be spent on digitalization, introducing autonomous driving capabilities and expanding its mobility services.

EE brings power of big data and connected cars to UK SMEs

EE, part of BT Group, one of the world’s biggest communications companies, is targeting millions of UK SMEs with a new connected car service that goes live this week. EE Auto Mate uses a plug-in telematics device combined with the BT Group’s ‘big data’ analysis capabilities to provide automated, cost-effective insights to companies about vehicle use and performance.

EE brings power of big data and connected cars to UK SMEs

Dec 12, 2018

EE, part of BT Group, one of the world’s biggest communications companies, is targeting millions of UK SMEs with a new connected car service that goes live this week. EE Auto Mate uses a plug-in telematics device combined with the BT Group’s ‘big data’ analysis capabilities to provide automated, cost-effective insights to companies about vehicle use and performance.

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Realising your digital journey - next steps for asset finance organisations

Download Alfa's latest research into asset finance digitalisation  The asset finance sector, in common with the industries it serves, is experiencing a period of rapid and transformative change, driven by advancements in technology which have led to the emergence of the sharing economy and a new focus on usage rather than ownership. Alfa’s first Digital Directions report, published in 2017, explored leading industry opinion on how digitalisation was changing asset finance. In this follow-up, produced in association with Clarity and Asset Finance International, Alfa looks more closely at where companies have reached in their digital journey.

Realising your digital journey - next steps for asset finance organisations

Nov 06, 2018

Download Alfa's latest research into asset finance digitalisation  The asset finance sector, in common with the industries it serves, is experiencing a period of rapid and transformative change, driven by advancements in technology which have led to the emergence of the sharing economy and a new focus on usage rather than ownership. Alfa’s first Digital Directions report, published in 2017, explored leading industry opinion on how digitalisation was changing asset finance. In this follow-up, produced in association with Clarity and Asset Finance International, Alfa looks more closely at where companies have reached in their digital journey.

Alfa Digital Directions Part Two

  

Customer education drives expansion at Independent Growth Finance

Product awareness is a critical foundation of business growth and it is especially important in the finance sector. Growing small businesses often use their bank as the first source for finance, but all too often this avenue can be a dead-end when dealing with risk-averse high street lenders. SMEs often perceive this as the end of their search for funding, as they aren’t aware of key alternatives that could drive future expansion.

Customer education drives expansion at Independent Growth Finance

Dec 11, 2018

Product awareness is a critical foundation of business growth and it is especially important in the finance sector. Growing small businesses often use their bank as the first source for finance, but all too often this avenue can be a dead-end when dealing with risk-averse high street lenders. SMEs often perceive this as the end of their search for funding, as they aren’t aware of key alternatives that could drive future expansion.

Charities benefit from finance company fundraising

Charities will benefit from donations worth thousands of pounds following initiatives from D&D Leasing and Hitachi Capital. D&D Leasing, the multinational equipment and loan provider, is supporting humanitarian organisation WE by setting aside a proportion of the monthly income from every finance contract it funds or originates, throughout the life of the contract. Funds raised will support WE’s programme in Kalinjar, India, to improve access to education, clean water, healthcare, food and income opportunities.

Charities benefit from finance company fundraising

Dec 10, 2018

Charities will benefit from donations worth thousands of pounds following initiatives from D&D Leasing and Hitachi Capital. D&D Leasing, the multinational equipment and loan provider, is supporting humanitarian organisation WE by setting aside a proportion of the monthly income from every finance contract it funds or originates, throughout the life of the contract. Funds raised will support WE’s programme in Kalinjar, India, to improve access to education, clean water, healthcare, food and income opportunities.

Aston Barclay develops industry-first Alexa-based auction briefing

UK remarketing company Aston Barclay has developed a new auction briefing service for users of Alexa, the cloud-based digital assistant from online retail giant Amazon. Customers can obtain details of the UK auction company’s programme by asking the digital assistant for a ‘flash briefing’, after setting up the auction alerts feature. Alexa will automatically announce auction activity at key sites over the next 24 hours either via the Amazon Echo smart speaker or via smartphone when the Alexa app is installed. Aston Barclay believes the innovation is a first in the remarketing industry.

Aston Barclay develops industry-first Alexa-based auction briefing

Dec 10, 2018

UK remarketing company Aston Barclay has developed a new auction briefing service for users of Alexa, the cloud-based digital assistant from online retail giant Amazon. Customers can obtain details of the UK auction company’s programme by asking the digital assistant for a ‘flash briefing’, after setting up the auction alerts feature. Alexa will automatically announce auction activity at key sites over the next 24 hours either via the Amazon Echo smart speaker or via smartphone when the Alexa app is installed. Aston Barclay believes the innovation is a first in the remarketing industry.

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BNP Paribas Personal Finance targets UK auto finance market through iVendi partnership

BNP Paribas Personal Finance has launched a new motor finance solution for the UK market. The consumer finance provider, part of global bank BNP Paribas, currently works with more than 1,800 dealers in 11 countries, as well as partnering a network of 16 manufacturers. BNP Paribas Personal Finance UK has worked with automotive e-commerce solutions company iVendi to create the motor finance service, based around a digital platform.

BNP Paribas Personal Finance targets UK auto finance market through iVendi partnership

Dec 10, 2018

BNP Paribas Personal Finance has launched a new motor finance solution for the UK market. The consumer finance provider, part of global bank BNP Paribas, currently works with more than 1,800 dealers in 11 countries, as well as partnering a network of 16 manufacturers. BNP Paribas Personal Finance UK has worked with automotive e-commerce solutions company iVendi to create the motor finance service, based around a digital platform.

There is more to asset finance than a slick interface and computing power

You don’t need to be a fan of the dystopian Terminator films to know that technology should be a means to an end, not an end in itself. Yet recent marketing campaigns by some of Britain’s mainstream lenders have gone big on the technological aspects of their offering. A decade on from the dark days when many high street banks were forced to all but cease business lending, several are now talking up the difference that new technology has made to the speed and accuracy with which they can make loan decisions.

There is more to asset finance than a slick interface and computing power

Dec 10, 2018

You don’t need to be a fan of the dystopian Terminator films to know that technology should be a means to an end, not an end in itself. Yet recent marketing campaigns by some of Britain’s mainstream lenders have gone big on the technological aspects of their offering. A decade on from the dark days when many high street banks were forced to all but cease business lending, several are now talking up the difference that new technology has made to the speed and accuracy with which they can make loan decisions.

UK vehicle rental and leasing industry ready to adapt to challenges of 2019

Rental and leasing companies are laying the groundwork for a productive and secure long-term future, according to the British Vehicle Rental and Leasing Association’s new Industry Outlook 2019 Report. Although the next year will be a very challenging period, with nine key areas of disruption identified in the report, there is clear evidence that BVRLA members are seizing the initiative, instead of waiting for an upturn in the economy or government support.

UK vehicle rental and leasing industry ready to adapt to challenges of 2019

Dec 06, 2018

Rental and leasing companies are laying the groundwork for a productive and secure long-term future, according to the British Vehicle Rental and Leasing Association’s new Industry Outlook 2019 Report. Although the next year will be a very challenging period, with nine key areas of disruption identified in the report, there is clear evidence that BVRLA members are seizing the initiative, instead of waiting for an upturn in the economy or government support.

First Asset Finance appoints Patrick Sherrington as managing director

First Asset Finance (FAF) has appointed Patrick Sherrington as managing director. Sherrington, who takes over the role in January 2019, is a former head of corporate asset finance at Lloyds Bank and has worked as a director of FAF since 2016.

First Asset Finance appoints Patrick Sherrington as managing director

Dec 05, 2018

First Asset Finance (FAF) has appointed Patrick Sherrington as managing director. Sherrington, who takes over the role in January 2019, is a former head of corporate asset finance at Lloyds Bank and has worked as a director of FAF since 2016.

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