Ford launches direct new car sales website and opens Manchester experience centre

Ford has simultaneously launched its direct sales website for new cars as well as opened its new experience centre in Manchester in collaboration with Next and Rockar. Rockar has helped develop Ford’s ‘buy online’ platform: www.buy.ford.co.uk which integrates directly into Ford’s website. It had a soft launch on July 12, but officially launched on July 17, coinciding with the opening of the new Arndale Centre showroom on the same day.

Ford launches direct new car sales website and opens Manchester experience centre

Jul 20, 2018

Ford has simultaneously launched its direct sales website for new cars as well as opened its new experience centre in Manchester in collaboration with Next and Rockar. Rockar has helped develop Ford’s ‘buy online’ platform: www.buy.ford.co.uk which integrates directly into Ford’s website. It had a soft launch on July 12, but officially launched on July 17, coinciding with the opening of the new Arndale Centre showroom on the same day.

Toyota Financial Services USA appoints new chief information officer

Toyota Financial Services (TFS) USA has appointed Vipin Gupta as its new group vice president and chief information officer (CIO). Gupta will lead the company's information technology strategy, development and operations. He will report to Mike Groff, president and chief executive of Toyota Financial Services USA.

Toyota Financial Services USA appoints new chief information officer

Jul 20, 2018

Toyota Financial Services (TFS) USA has appointed Vipin Gupta as its new group vice president and chief information officer (CIO). Gupta will lead the company's information technology strategy, development and operations. He will report to Mike Groff, president and chief executive of Toyota Financial Services USA.

LeasePlan co-founds global zero emissions vehicle initiative to help boost adoption

LeasePlan has co-founded a new global coalition called the Zero Emission Vehicle (ZEV) Challenge to boost mass adoption of electric vehicles (EVs). The ZEV Challenge coalition is made up of The Climate Group, the environmental campaign group that works with businesses and governments, as well as C40, the global association for large cities. Unilever, EDF Energy, The State of California and New York City are also all founding partners.

LeasePlan co-founds global zero emissions vehicle initiative to help boost adoption

Jul 20, 2018

LeasePlan has co-founded a new global coalition called the Zero Emission Vehicle (ZEV) Challenge to boost mass adoption of electric vehicles (EVs). The ZEV Challenge coalition is made up of The Climate Group, the environmental campaign group that works with businesses and governments, as well as C40, the global association for large cities. Unilever, EDF Energy, The State of California and New York City are also all founding partners.

 

Crossing the ‘uncanny valley’ – A new era of machine-human engagement

The latest developments in machine-human engagement can offer auto finance customers an ‘almost human’ experience that could transform service levels. Meet Rachel, a ‘digital human’ created by Soul Machines as part of its work with IBM to enable greater levels of face-to-face interaction in business. According to chief business officer Greg Cross: “Humans can communicate in lots of ways. But when we actually want to have important conversations we always do those face to face.” Delegates at the Auto Captive Summit, hosted by global finance technology supplier White Clarke Group, were able to see Rachel first-hand during a presentation by Toby Woolfe, industry solutions business development executive at IBM.

Crossing the ‘uncanny valley’ – A new era of machine-human engagement

Jul 17, 2018

The latest developments in machine-human engagement can offer auto finance customers an ‘almost human’ experience that could transform service levels. Meet Rachel, a ‘digital human’ created by Soul Machines as part of its work with IBM to enable greater levels of face-to-face interaction in business. According to chief business officer Greg Cross: “Humans can communicate in lots of ways. But when we actually want to have important conversations we always do those face to face.” Delegates at the Auto Captive Summit, hosted by global finance technology supplier White Clarke Group, were able to see Rachel first-hand during a presentation by Toby Woolfe, industry solutions business development executive at IBM.

 

Alfa's hackathon drives culture of innovation

Global software company Alfa has held its second UK Hackathon to drive innovation and new ideas within the business. Staff from Alfa UK worked in teams over two days - some through the night - on projects of their choosing. Prizes were awarded to all category winners, with some given the opportunity to take their ideas forward into the development phase. The only requirements were innovation and collaboration.

Alfa's hackathon drives culture of innovation

Jul 17, 2018

Global software company Alfa has held its second UK Hackathon to drive innovation and new ideas within the business. Staff from Alfa UK worked in teams over two days - some through the night - on projects of their choosing. Prizes were awarded to all category winners, with some given the opportunity to take their ideas forward into the development phase. The only requirements were innovation and collaboration.

Invigors publishes report on selecting agreement automation platforms

A detailed report has been published to help guide financial services companies through the key stages of buying agreement automation software to digitise customer onboarding. The new guide, called Agreement Automation for Customer Onboarding RFP Guide, is aimed at financial services companies looking for technology that can automate the end-to-end customer agreement process, and comes with a template RFP in an excel spreadsheet containing best practice suggestions for questions to include to find the best providers.

Invigors publishes report on selecting agreement automation platforms

Jul 19, 2018

A detailed report has been published to help guide financial services companies through the key stages of buying agreement automation software to digitise customer onboarding. The new guide, called Agreement Automation for Customer Onboarding RFP Guide, is aimed at financial services companies looking for technology that can automate the end-to-end customer agreement process, and comes with a template RFP in an excel spreadsheet containing best practice suggestions for questions to include to find the best providers.

Wesleyan Bank hires head of indirect sales

Wesleyan Bank, a specialist provider of commercial finance solutions, has appointed David Brownbill as its new head of indirect sales. Brownbill joins from Paragon Asset Finance and has 28 years’ experience in a variety of senior corporate finance positions. Prior to joining Paragon, Brownbill spent seven years as regional director at Santander Asset Finance and he has also held sales management roles with GE Capital and Royal Bank of Scotland in which he recruited and developed asset finance teams.

Wesleyan Bank hires head of indirect sales

Jul 19, 2018

Wesleyan Bank, a specialist provider of commercial finance solutions, has appointed David Brownbill as its new head of indirect sales. Brownbill joins from Paragon Asset Finance and has 28 years’ experience in a variety of senior corporate finance positions. Prior to joining Paragon, Brownbill spent seven years as regional director at Santander Asset Finance and he has also held sales management roles with GE Capital and Royal Bank of Scotland in which he recruited and developed asset finance teams.

 

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The digitalisation challenge – how auto finance companies need to respond

A skilled, diverse workforce is the key to successfully tackling the digitalisation challenge. By having different views and different backgrounds, a company can broaden its horizons and introduce new ideas and an enthusiasm for innovation that will lay the foundations for companies to adapt to change. According to Andy Denton, CEO of global financial software giant Alfa, companies need a cultural shift to embrace the potential of digitalisation.

The digitalisation challenge – how auto finance companies need to respond

Jun 25, 2018

A skilled, diverse workforce is the key to successfully tackling the digitalisation challenge. By having different views and different backgrounds, a company can broaden its horizons and introduce new ideas and an enthusiasm for innovation that will lay the foundations for companies to adapt to change. According to Andy Denton, CEO of global financial software giant Alfa, companies need a cultural shift to embrace the potential of digitalisation.

 

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New European fleet management association sets out detail on how it will work

The founding members of the not-for-profit European Fleet and Mobility Management Association (EUFMA) have agreed on how the organisation will collaborate in the future. The founder members met during the Global Fleet Conference in Rome at the end of May this year and agreed that the EUFMA will be headquartered in Mannheim, Germany. Each of the national associations will elect a representative to serve as a member of the board, which coordinates the association’s activities.

New European fleet management association sets out detail on how it will work

Jul 19, 2018

The founding members of the not-for-profit European Fleet and Mobility Management Association (EUFMA) have agreed on how the organisation will collaborate in the future. The founder members met during the Global Fleet Conference in Rome at the end of May this year and agreed that the EUFMA will be headquartered in Mannheim, Germany. Each of the national associations will elect a representative to serve as a member of the board, which coordinates the association’s activities.

Sharp increase in restaurateurs bridging finance gap to keep businesses afloat

The UK restaurant industry has seen a 49% increase in the amount of money loaned by restaurant directors to their own businesses to keep them afloat, rising to £192 million last year. According to data from Companies House that has been analysed by Funding Options, the SME finance specialist, the majority of loans are from directors running small and medium sized restaurants, who can often struggle to access traditional bank lending. Directors of smaller restaurant companies may be forced to increase their lending further in the near future, as a result of the impact of Brexit related uncertainties on consumer spending.

Sharp increase in restaurateurs bridging finance gap to keep businesses afloat

Jul 19, 2018

The UK restaurant industry has seen a 49% increase in the amount of money loaned by restaurant directors to their own businesses to keep them afloat, rising to £192 million last year. According to data from Companies House that has been analysed by Funding Options, the SME finance specialist, the majority of loans are from directors running small and medium sized restaurants, who can often struggle to access traditional bank lending. Directors of smaller restaurant companies may be forced to increase their lending further in the near future, as a result of the impact of Brexit related uncertainties on consumer spending.

Societe Generale appoints Claire Calmejane as chief innovation officer

Societe Generale has appointed Claire Calmejane as chief innovation officer to help drive its digital transformation. She will report to chief executive officer Frédéric Oudéa. Calmejane's mission will be to foster an innovation culture in the company and identify new business developments and services for customers.

Societe Generale appoints Claire Calmejane as chief innovation officer

Jul 17, 2018

Societe Generale has appointed Claire Calmejane as chief innovation officer to help drive its digital transformation. She will report to chief executive officer Frédéric Oudéa. Calmejane's mission will be to foster an innovation culture in the company and identify new business developments and services for customers.

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Asset finance isn’t overheating. It’s just demonstrating the normal cut and thrust of the market

The UK asset finance market is mature and generally stable. Some might even say it’s slightly boring (but we don’t listen to them). So, after the Financial Times ran a feature article, ‘Banks warn about overheating UK asset finance market’, reporting a view that rising competition in the UK’s asset finance market is “pushing down profit margins and encouraging increasingly risky practices in the loosely regulated sector”, it seems worth taking a step back to consider the claims.

Asset finance isn’t overheating. It’s just demonstrating the normal cut and thrust of the market

Jul 17, 2018

The UK asset finance market is mature and generally stable. Some might even say it’s slightly boring (but we don’t listen to them). So, after the Financial Times ran a feature article, ‘Banks warn about overheating UK asset finance market’, reporting a view that rising competition in the UK’s asset finance market is “pushing down profit margins and encouraging increasingly risky practices in the loosely regulated sector”, it seems worth taking a step back to consider the claims.

Societe Generale Equipment Finance leads Leaseurope ranking of top leasing companies

Leasing industry association Leaseurope has revealed its annual ranking of the largest European leasing companies and named Societe Generale Equipment Finance as the largest company. The ranking provides a yearly update on new leasing volumes and portfolios of the largest leasing firms in Europe. Companies are ranked according to the value of their new contracts in 2017. Societe General Equipment Finance, including ALD Automotive, reported nearly 600,000 new contracts and more than €19 billion of new business.

Societe Generale Equipment Finance leads Leaseurope ranking of top leasing companies

Jul 16, 2018

Leasing industry association Leaseurope has revealed its annual ranking of the largest European leasing companies and named Societe Generale Equipment Finance as the largest company. The ranking provides a yearly update on new leasing volumes and portfolios of the largest leasing firms in Europe. Companies are ranked according to the value of their new contracts in 2017. Societe General Equipment Finance, including ALD Automotive, reported nearly 600,000 new contracts and more than €19 billion of new business.

NETSOL secures Asian auto captive deal after strong start to year

Global business services and enterprise application solutions provider NETSOL Technologies has secured a multi-million dollar agreement to increase support for a major auto captive in Asia. NETSOL will deploy its NFS Ascent platform, including loan origination and contract management, with the unnamed existing customer, which is an international tier-one finance business with a multi-billion dollar loan portfolio.

NETSOL secures Asian auto captive deal after strong start to year

Jul 12, 2018

Global business services and enterprise application solutions provider NETSOL Technologies has secured a multi-million dollar agreement to increase support for a major auto captive in Asia. NETSOL will deploy its NFS Ascent platform, including loan origination and contract management, with the unnamed existing customer, which is an international tier-one finance business with a multi-billion dollar loan portfolio.

British Vehicle Rental and Leasing Association launches Plug-In Pledge

The British Vehicle Rental and Leasing Association (BVRLA) has launched an ambitious ‘Plug-in Pledge’ to get hundreds of thousands of plug-in vehicles registered by 2025. The association says its members will be buying 300,000 plug-in vehicles a year within the next six years, which will see their total fleet size of zero-emission capable cars and vans surge from the current level of 50,000 to 720,000. BVRLA members and their customers will in future account for 60% of new plug-in hybrid and pure electric vehicle registrations, association executives say.

British Vehicle Rental and Leasing Association launches Plug-In Pledge

Jul 16, 2018

The British Vehicle Rental and Leasing Association (BVRLA) has launched an ambitious ‘Plug-in Pledge’ to get hundreds of thousands of plug-in vehicles registered by 2025. The association says its members will be buying 300,000 plug-in vehicles a year within the next six years, which will see their total fleet size of zero-emission capable cars and vans surge from the current level of 50,000 to 720,000. BVRLA members and their customers will in future account for 60% of new plug-in hybrid and pure electric vehicle registrations, association executives say.

Ford of Britain launches direct online car sales channel

Ford of Britain has launched a direct-to-customer online sales channel. Users of the site can set a budget, obtain a part exchange value, review and choose cars, then arrange finance online and order. Consumers can select delivery either from a local dealership or direct to a location of their choice.

Ford of Britain launches direct online car sales channel

Jul 13, 2018

Ford of Britain has launched a direct-to-customer online sales channel. Users of the site can set a budget, obtain a part exchange value, review and choose cars, then arrange finance online and order. Consumers can select delivery either from a local dealership or direct to a location of their choice.

LeasePlan joins global Zero Emission Vehicle Challenge

Car-as-a-service provider LeasePlan has become a founding partner of the Zero Emission Vehicle (ZEV) Challenge, a new global coalition to increase uptake of cleaner transport. The aim of the ZEV Challenge is to bring together local authorities, cities, businesses and organisations to send a clear signal to the automotive industry about the increasing demand for electric vehicles (EVs).

LeasePlan joins global Zero Emission Vehicle Challenge

Jul 13, 2018

Car-as-a-service provider LeasePlan has become a founding partner of the Zero Emission Vehicle (ZEV) Challenge, a new global coalition to increase uptake of cleaner transport. The aim of the ZEV Challenge is to bring together local authorities, cities, businesses and organisations to send a clear signal to the automotive industry about the increasing demand for electric vehicles (EVs).

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CWB National Leasing wins excellence award

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Macquarie Corporate & Asset Finance takes trophy at New Leaf Search Leasing Industry Great British Pub Quiz

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Lack of communication impacts fleet financing

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Hyundai pilots car subscription service

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