Simply joins the Innovate Finance community

Asset finance lender Simply Asset Finance has announced that it has joined Innovate Finance, the independent industry body that represents and advances the global fintech community in the UK.

Simply joins the Innovate Finance community

Dec 02, 2022

Asset finance lender Simply Asset Finance has announced that it has joined Innovate Finance, the independent industry body that represents and advances the global fintech community in the UK.

LeasePlan USA and Wheels Donlen create a unified fleet management business

LeasePlan USA and Wheels Donlen have announced the completion of their previously announced combination to create a unified fleet management business. Athene Holding Ltd. served as the lead investor in the transaction and is the majority shareholder of the newly combined company.

LeasePlan USA and Wheels Donlen create a unified fleet management business

Dec 02, 2022

LeasePlan USA and Wheels Donlen have announced the completion of their previously announced combination to create a unified fleet management business. Athene Holding Ltd. served as the lead investor in the transaction and is the majority shareholder of the newly combined company.

Eight in 10 small businesses taking action to strengthen for the year ahead

With the Office for Budget Responsibility forecasting that the UK economy will be in recession until the third quarter of 2023, new research from Novuna Business Finance has found that the prospect of stormy seas ahead in the coming year is prompting eight in 10 small businesses to take fortifying action.

Eight in 10 small businesses taking action to strengthen for the year ahead

Dec 02, 2022

With the Office for Budget Responsibility forecasting that the UK economy will be in recession until the third quarter of 2023, new research from Novuna Business Finance has found that the prospect of stormy seas ahead in the coming year is prompting eight in 10 small businesses to take fortifying action.

 
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Finalists for Fintech Innovators Award Announced

Steve Taplin, lead judge and managing director of Lendscape has announced the finalists selected for the Autumn AFC Fintech Innovators Award 2022. Finalists will rapid pitch (5 mins max) at the Asset Finance Connect conference in London followed by a rigorous extended Q&A session designed to test and properly evaluate their innovations. The winner will be announced at the close of the conference.

Finalists for Fintech Innovators Award Announced

Nov 29, 2022

Steve Taplin, lead judge and managing director of Lendscape has announced the finalists selected for the Autumn AFC Fintech Innovators Award 2022. Finalists will rapid pitch (5 mins max) at the Asset Finance Connect conference in London followed by a rigorous extended Q&A session designed to test and properly evaluate their innovations. The winner will be announced at the close of the conference.

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Alfa publishes new paper on systems integration

Alfa, the developer of Alfa Systems, the software platform for providers of automotive, wholesale and equipment finance, has published the third paper in its Innovation in Implementation series focusing on best practice in systems integration. Previous papers in the series, which guides decision-makers and project leads on how to approach modern enterprise software implementations, have discussed phased implementations and complex data migrations.

Alfa publishes new paper on systems integration

Aug 08, 2022

Alfa, the developer of Alfa Systems, the software platform for providers of automotive, wholesale and equipment finance, has published the third paper in its Innovation in Implementation series focusing on best practice in systems integration. Previous papers in the series, which guides decision-makers and project leads on how to approach modern enterprise software implementations, have discussed phased implementations and complex data migrations.

 

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Solifi Global Leasing Report 2022 reveals industry resilience in the face of pandemic challenges

A new report launched today provides a detailed insight into the impact of the global pandemic on the international asset finance industry and predicts a return to health for the market this year. The Solifi Global Leasing Report uncovers the real-world impact of the crisis as it unfolded, resulting in significant business reductions around the globe, but also some unexpected highlights.

Solifi Global Leasing Report 2022 reveals industry resilience in the face of pandemic challenges

Mar 02, 2022

A new report launched today provides a detailed insight into the impact of the global pandemic on the international asset finance industry and predicts a return to health for the market this year. The Solifi Global Leasing Report uncovers the real-world impact of the crisis as it unfolded, resulting in significant business reductions around the globe, but also some unexpected highlights.

 

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Unlocking the financial services of the future with API-first solutions

Financial providers that can meet changing customer and market demands and provide an API-based approach are well-positioned to build and define the financial services of the future, as detailed in a new whitepaper from NETSOL entitled APIs in financial services: Unlocking the future with API-first solutions.

Unlocking the financial services of the future with API-first solutions

Dec 01, 2022

Financial providers that can meet changing customer and market demands and provide an API-based approach are well-positioned to build and define the financial services of the future, as detailed in a new whitepaper from NETSOL entitled APIs in financial services: Unlocking the future with API-first solutions.

Arval announces completion of acquisition of Terberg Business Lease Group

Arval, part of BNP Paribas Group, has announced the completion of the acquisition of Terberg Business Lease Group B.V. (TBLG) in the Netherlands and Belgium by its Dutch subsidiary Arval B.V. (Arval), which was announced earlier this year. Arval acquires 100% of the shares from its shareholders Royal Terberg Group and AutoBinck Group.

Arval announces completion of acquisition of Terberg Business Lease Group

Dec 01, 2022

Arval, part of BNP Paribas Group, has announced the completion of the acquisition of Terberg Business Lease Group B.V. (TBLG) in the Netherlands and Belgium by its Dutch subsidiary Arval B.V. (Arval), which was announced earlier this year. Arval acquires 100% of the shares from its shareholders Royal Terberg Group and AutoBinck Group.

elmo appoints Fleet Assist to provide SMR services to enhance its subscription service

elmo, the electric car subscription company, is the latest to onboard the full portfolio of SMR services Fleet Assist provides to its customers, including SMR network, service booking and technical authorisation. As part of the services, Fleet Assist will provide access to its garage network combined with its service booking and technical authorisations to meet the needs of elmo’s rapidly expanding business.

elmo appoints Fleet Assist to provide SMR services to enhance its subscription service

Dec 01, 2022

elmo, the electric car subscription company, is the latest to onboard the full portfolio of SMR services Fleet Assist provides to its customers, including SMR network, service booking and technical authorisation. As part of the services, Fleet Assist will provide access to its garage network combined with its service booking and technical authorisations to meet the needs of elmo’s rapidly expanding business.

 

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Advisory fuel rates from 1 December

Following on from the news that the advisory electric rate (AER) of reimbursement will be raised from 5 pence per mile to 8ppm, HM Revenue & Customs have now published the company car advisory fuel rates (AFR) from 1 December 2022.

Advisory fuel rates from 1 December

Dec 01, 2022

Following on from the news that the advisory electric rate (AER) of reimbursement will be raised from 5 pence per mile to 8ppm, HM Revenue & Customs have now published the company car advisory fuel rates (AFR) from 1 December 2022.

ALD launches a €1.2 billion capital increase

A few days after the European Commission approved ALD’s acquisition of LeasePlan, ALD have announced the launch of a share capital increase with shareholders’ preferential subscription rights for an amount (including issue premium) of approximately €1.2 billion (the ‘Rights Issue’).

ALD launches a €1.2 billion capital increase

Nov 30, 2022

A few days after the European Commission approved ALD’s acquisition of LeasePlan, ALD have announced the launch of a share capital increase with shareholders’ preferential subscription rights for an amount (including issue premium) of approximately €1.2 billion (the ‘Rights Issue’).

CHG-MERIDIAN lays foundation stone for business in Singapore

Following the acquisition of the Indian asset lifecycle manager OPC Asset Solutions, CHG-MERIDIAN is further strengthening its presence in Asia: entering the Singapore market is part of the CHG-MERIDIAN Group's international growth strategy.

CHG-MERIDIAN lays foundation stone for business in Singapore

Nov 30, 2022

Following the acquisition of the Indian asset lifecycle manager OPC Asset Solutions, CHG-MERIDIAN is further strengthening its presence in Asia: entering the Singapore market is part of the CHG-MERIDIAN Group's international growth strategy.

 

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Stellantis reaches agreement with Santander Brasil to boost value creation

Stellantis N.V. and Banco Santander (Brasil) S.A. have agreed to reorganise their automotive financing partnership in Brazil. The contract signed with Banco Santander Brasil S.A. includes:

Stellantis reaches agreement with Santander Brasil to boost value creation

Nov 30, 2022

Stellantis N.V. and Banco Santander (Brasil) S.A. have agreed to reorganise their automotive financing partnership in Brazil. The contract signed with Banco Santander Brasil S.A. includes:

Renaissance Asset Finance expands relationship management team with new hire

Renaissance Asset Finance (RAF), the asset finance subsidiary of Arbuthnot Latham, the private and commercial bank, has expanded business development capabilities with the appointment of Joe Davison as Senior Relationship Manager.

Renaissance Asset Finance expands relationship management team with new hire

Nov 30, 2022

Renaissance Asset Finance (RAF), the asset finance subsidiary of Arbuthnot Latham, the private and commercial bank, has expanded business development capabilities with the appointment of Joe Davison as Senior Relationship Manager.

Tide acquires Funding Options

Tide, the digital business banking platform, has today announced it will acquire Funding Options, a UK marketplace for business finance, subject to FCA approval. Founded in 2011, Funding Options is a leader in SME credit intermediation and has been recognised as a fast-growth scale-up, and has featured in the FT1000, the Financial Times’s annual list of Europe’s fastest-growing companies.

Tide acquires Funding Options

Nov 29, 2022

Tide, the digital business banking platform, has today announced it will acquire Funding Options, a UK marketplace for business finance, subject to FCA approval. Founded in 2011, Funding Options is a leader in SME credit intermediation and has been recognised as a fast-growth scale-up, and has featured in the FT1000, the Financial Times’s annual list of Europe’s fastest-growing companies.

Novuna Business Finance implements automated invoice processing

Novuna Business Finance has combined Evolution AI’s data extraction technology with Workato’s Enterprise Automation platform to achieve end-to-end automated invoice processing to drive its digital transformation strategy forward. The new automated process means Novuna Business Finance will no longer have to rely on time-consuming manual invoice processing techniques, resulting in a faster, more efficient service - and enabling the business to bolster its reputation for exceptional customer experience.

Novuna Business Finance implements automated invoice processing

Nov 29, 2022

Novuna Business Finance has combined Evolution AI’s data extraction technology with Workato’s Enterprise Automation platform to achieve end-to-end automated invoice processing to drive its digital transformation strategy forward. The new automated process means Novuna Business Finance will no longer have to rely on time-consuming manual invoice processing techniques, resulting in a faster, more efficient service - and enabling the business to bolster its reputation for exceptional customer experience.

UK automotive commits to workforce diversity and inclusion with landmark industry Charter

Sixteen of the UK automotive industry’s biggest brands have come together to launch the sector’s first Automotive Diversity & Inclusion Charter. The founding signatories, representing a fifth of the sector’s manufacturing workforce, as well as organisations including Unite the Union and the Society of Motor Manufacturers and Traders (SMMT), are pledging a collective, public commitment to create a diverse, equitable and inclusive (DE&I) workforce that is reflective of wider society. The landmark initiative will support ongoing efforts to retain and attract top talent as the industry undertakes its biggest technological and industrial transformation in more than a hundred years amid critical skills shortages.

UK automotive commits to workforce diversity and inclusion with landmark industry Charter

Nov 29, 2022

Sixteen of the UK automotive industry’s biggest brands have come together to launch the sector’s first Automotive Diversity & Inclusion Charter. The founding signatories, representing a fifth of the sector’s manufacturing workforce, as well as organisations including Unite the Union and the Society of Motor Manufacturers and Traders (SMMT), are pledging a collective, public commitment to create a diverse, equitable and inclusive (DE&I) workforce that is reflective of wider society. The landmark initiative will support ongoing efforts to retain and attract top talent as the industry undertakes its biggest technological and industrial transformation in more than a hundred years amid critical skills shortages.

 

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European Commission clears ALD's acquisition of LeasePlan

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of ...

New research highlights the impact of raw materials on BEV market

Battery Electric Vehicle (BEV) technology continues to evolve at an increasingly rapid rate, impac...

Danske Bank implements Tusker car benefit scheme

Danske Bank UK has launched a new electric vehicle- focused car benefits scheme, implemented by Tu...

Scottish Water works with Tusker to help realise government targets for net-zero

Tusker’s salary sacrifice scheme is helping Scottish Water employees obtain an affordable path int...