NETSOL Technologies reports Q4 and year end 2023 financial results
NETSOL Technologies reports Q4 and year end 2023 financial resultsSep 22, 2023
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AI innovation in financial servicesAnalysis from Dr Martin Goodson, CEO of Evolution AI. We have just published the summary and analysis of the Asset Finance Connect conference sessions discussing the development of artificial intelligence in the financial services sectors, which took place at our June 2023 conference. You can read the conference review here.
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Credicar to partner with CFIT to accelerate Open Finance in UKCrediCar has joined the Centre for Finance, Innovation and Technology’s (CFIT) as an Open Finance Working Group Member to help accelerate Open Finance in the UK. By becoming the centre of collaboration and cooperation between fintechs, insurtechs, regtechs, academics, banks, government and more, the CFIT Open Finance Coalition’s aim is to build mutual trust and foster a sharing of data that can build the crucial datasets needed to unlock innovation and scalability across the financial technology sector.
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AI innovation in financial services
Credicar to partner with CFIT to accelerate Open Finance in UKCatfoss Finance joins the Acquis Lumia communityCatfoss Finance, business finance providers for the SME marketplace, is the latest addition to the Acquis Lumia family. By joining Lumia, Catfoss, is reaffirming its dedication to collaborative efforts aimed at tackling fraud within the industry.
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Smart Asset Inspections brings game-changing inspections platform to marketSmart Asset Inspections (SAI) have announced the release of a game-changing inspections platform for the asset finance sector. SAI’s purpose-built solution for asset finance undertakes asset inspections in a more streamlined and timely manner which has been welcomed by lenders and brokers.
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Unmasking the rising tide of B2B fraudThe latest figures from the Cifas 2023 H1 report (Fraudscape) and UK Finance’s 2022 Annual Fraud Report, published earlier this year, reveal a marginal decline in overall fraud figures, but the battle against fraud is by no means won. Within business-to-business environments, the report highlights huge rises in company impersonation and in fraudulent loans facilities.
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Siemens Financial Services commits to Acquis Lumia in the UKAcquis Data Services has announced that the UK business of global powerhouse Siemens Financial Services (SFS) has joined the Acquis Lumia community. SFS is the latest asset finance provider to commit to Acquis Lumia – an innovative register for asset finance borrowing, demonstrating their commitment to work collaboratively with other providers to combat fraud.
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AI to help UK industries cut carbon emissions on path to net zeroNew artificial intelligence (AI) solutions will accelerate industrial decarbonisation across the country, with nearly £4 million in government funding for green innovations. Twelve green AI initiatives will receive a share of £1 million to decarbonise and boost generation of renewable energy, contributing to reaching the country’s ambitious net zero goal by 2050.
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Spark Finance unveil AI-generated credit papersIndependent financial solutions provider, Spark Finance have announced the launch of their AI-generated credit papers, a huge development in SME lending. The first business to use Artificial Intelligence to produce fully written credit papers, Spark Finance - who have recently merged with JD Capital Finance - have developed artificial intelligence to draw insights from their extensive data (drawn from financial and non-financial sources), infused with their expert lending knowledge, and accounting expertise to create a succinct but thorough analysis of a business.
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Dealers told “Omnichannel your energy”Franchised dealers must offer customers a seamless used car buying experience by better embracing omnichannel and ensuring their sales teams are “omnichannel fit” to futureproof their business. That is the view of Steve Young of research and consulting specialists ICDP, writing in Cox Automotive’s quarterly insight, AutoFocus.
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Sopra Banking Software to power the growing lending ambitions of US auto manufacturers and financial institutionsSopra Banking Software (SBS) has announced plans to expand its work with automotive companies in the US. The company currently works in more than 50 countries with auto manufacturers including Mercedes-Benz, Toyota, BMW, Nissan and Volvo, as well as banks and independent lenders like Santander, TD Auto Finance, Lloyds Bank and Standard Bank, who finance their dealership fleets.
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Leasepath adds conversational AI and embedded Microsoft Teams features to platformLeasepath, the cloud-first intelligent workplace platform for equipment finance lease and loan origination (LOS) and customer engagement (CRM), has launched two new features within its platform: Microsoft Copilot, a secure, enterprise-grade conversational artificial intelligence solution, and a real-time Microsoft Teams collaboration capability.
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The Broker Hub and FXE Technologies forge strategic partnershipThe Broker Hub, the UK's newest service provider and investor platform for the brokerage industry, and FXE Technologies, Funding Xchange’s technology arm, have announced a strategic partnership that will drive innovation and transformation within the finance industry.
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Catfoss Finance joins the Acquis Lumia community
Smart Asset Inspections brings game-changing inspections platform to market
Unmasking the rising tide of B2B fraud
Siemens Financial Services commits to Acquis Lumia in the UK
AI to help UK industries cut carbon emissions on path to net zero
Spark Finance unveil AI-generated credit papers
Dealers told “Omnichannel your energy”
Sopra Banking Software to power the growing lending ambitions of US auto manufacturers and financial institutions
Leasepath adds conversational AI and embedded Microsoft Teams features to platform
The Broker Hub and FXE Technologies forge strategic partnership
