Barclays leads Funding Xchange Series B funding round
Barclays leads Funding Xchange Series B funding roundApr 11, 2024
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How technology and sustainability are driving change in vendor financeAnalysis from John Rees, Asset Finance Connect’s head of equipment finance. In a world where data, technology and sustainability feature more and more in customer finance, the debate regarding captive, JV or vendor partnership continues. The equipment finance stream at the recent Asset Finance Connect Autumn 2023 Conference discussed the commercial merits of the structures in place between lenders and manufacturers to facilitate the OEM selling more products at strong margins and the finance company running a viable and profitable business.
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German auto finance company goes live with full NFS Ascent suite to support operations in South KoreaNETSOL Technologies, Inc. has announced the go-live of its next-generation platform NFS Ascent for a German auto captive finance company and longstanding client to support their operations in South Korea. This deployment consisted of the full NFS Ascent suite, which includes both the retail and the wholesale platforms.
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How technology and sustainability are driving change in vendor finance
German auto finance company goes live with full NFS Ascent suite to support operations in South KoreaInternational captive implements FIS Asset Finance globally as next-gen CMSFIS has confirmed that an international captive has selected and started to implement FIS Asset Finance, adopting it as their next-generation Contract Management System (CMS) with the aim of an expansion plan across their global footprint.
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Close Brothers goes live with NETSOL's calculation engine FlexNETSOL Technologies, Inc. has announced that Close Brothers, a UK merchant banking group providing lending, deposit taking, wealth management services and securities trading, has signed-up for and, subsequently, gone live with NETSOL’s cloud-based calculation engine Flex.
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NETSOL Technologies achieves advanced tier partner status with Amazon Web ServicesNETSOL Technologies, Inc. has achieved the Advanced Tier Services Partner status within the Amazon Web Services (AWS) Partner Network (APN). AWS partners who demonstrate exceptional prominence, emerge as industry leaders in their respective markets and have a highly proficient workforce receive this status.
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Research study reveals transformative power of generative AI for financial servicesFifty One Degrees has completed analysis which shows 84.6% of tasks and activities in banks, insurance companies, FinTechs and other financial services would benefit from AI technology, generating £41.7bn of additional economic output from the sector
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Allica Bank announces integrations with Sage and Xero accounting platformsAllica Bank – the digital relationship bank especially for established businesses with 10 or more employees – has announced partnerships with accounting software platforms Sage and Xero. The direct integrations will mean Allica Bank business current account customers that use Sage and Xero can have their account transactions fed through automatically to their accounting software.
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NETSOL signs $12 million agreement with major global automotive companyNETSOL Technologies, Inc. has signed an agreement with a major global automotive company for its operations in China. The $12 million, five-year contract is for the deployment of NETSOL’s technology platform NFS Ascent.
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Is AI changing the game for asset finance?Analysis from Steve Taplin, Managing Director at Lendscape. Artificial Intelligence (AI) has been around for many years, starting its journey in 1956. But with the release and accessibility of generative AI applications such as ChatGPT, the AI phenomenon has exploded across the globe. In the financial services industry, the application of artificial intelligence (AI) and machine learning (ML) methods has the potential to improve outcomes for both businesses and consumers.
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Rightcharge flips the switch on its home charging payments solutionElectric vehicle charging software company, Rightcharge, has launched its latest technology that allows fleets to cover the costs of an employee’s home charging by making payments directly to the employee’s energy account, regardless of their supplier.
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Renaissance Asset Finance joins Acquis LumiaRenaissance Asset Finance, part of Arbuthnot Latham & Co., Ltd., is the most recent asset finance player to collaborate with its industry peers as it becomes part of the Acquis Lumia community.
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Acquis and Odessa announce software integrationAsset finance insurance business, Acquis, has announced the integration of its services into Odessa, a global software platform for asset finance companies. The API (Application Programming Interface) integration will enable Acquis' customers, including lessors and banks, to automatically and in real-time upload their equipment information in bulk, Acquis noted in a statement.
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International captive implements FIS Asset Finance globally as next-gen CMS
Close Brothers goes live with NETSOL's calculation engine Flex
Research study reveals transformative power of generative AI for financial services
Allica Bank announces integrations with Sage and Xero accounting platforms
Is AI changing the game for asset finance?
Rightcharge flips the switch on its home charging payments solution
Renaissance Asset Finance joins Acquis Lumia
Acquis and Odessa announce software integration