Oxbotica partners with NEVS to build fleet of shared, self-driving, all-electric vehicles

Oxford University technology spin-out Oxbotica and shared mobility innovator NEVS have signed a long-term strategic partnership to develop a fleet of self-driving, all-electric vehicles to be deployed on public roads by the end of 2023. Oxbotica will integrate its Oxbotica Driver autonomy system with the NEVS “Sango” vehicle.

Oxbotica partners with NEVS to build fleet of shared, self-driving, all-electric vehicles

May 13, 2022

Oxford University technology spin-out Oxbotica and shared mobility innovator NEVS have signed a long-term strategic partnership to develop a fleet of self-driving, all-electric vehicles to be deployed on public roads by the end of 2023. Oxbotica will integrate its Oxbotica Driver autonomy system with the NEVS “Sango” vehicle.

Synectics Solutions’ national police unit partnership bolsters anti-fraud measures

Data analysis specialist Synectics Solutions is partnering with the National Vehicle Crime Intelligence Service (NaVCIS) to make intelligence reports on suspicious activity more widely available in a bid to help the motor finance and insurance industries better guard against fraud. Alerts from NaVCIS investigations will now be integrated into Synectics National SIRA solution, which the company says is the UK’s largest syndicated database of cross-sector customer risk intelligence.

Synectics Solutions’ national police unit partnership bolsters anti-fraud measures

May 05, 2022

Data analysis specialist Synectics Solutions is partnering with the National Vehicle Crime Intelligence Service (NaVCIS) to make intelligence reports on suspicious activity more widely available in a bid to help the motor finance and insurance industries better guard against fraud. Alerts from NaVCIS investigations will now be integrated into Synectics National SIRA solution, which the company says is the UK’s largest syndicated database of cross-sector customer risk intelligence.

Acquis to launch industry-wide register of asset finance borrowing

Acquis Data Services is to launch a register of asset finance borrowing designed to provide a clear insight into a customer’s lending exposure, alerting lenders to possible fraudulent activity. Called Acquis Lumia, it will be available to lenders in the leasing industry for a modest subscription fee, with no charge during 2022 and until the platform has sufficient reach to deliver real value.

Acquis to launch industry-wide register of asset finance borrowing

May 03, 2022

Acquis Data Services is to launch a register of asset finance borrowing designed to provide a clear insight into a customer’s lending exposure, alerting lenders to possible fraudulent activity. Called Acquis Lumia, it will be available to lenders in the leasing industry for a modest subscription fee, with no charge during 2022 and until the platform has sufficient reach to deliver real value.

Highway Code updated for autonomous vehicles

The government has confirmed planned changes to the Highway Code ahead of the introduction of self-driving vehicles. These specify that while travelling in self-driving mode, motorists must be ready to resume control in a timely way if they are prompted to – such as when they approach motorway exits. The plans also include a change to current regulation, allowing drivers to view content that is not related to driving on built-in display screens, while the self-driving vehicle is in control.

Highway Code updated for autonomous vehicles

Apr 21, 2022

The government has confirmed planned changes to the Highway Code ahead of the introduction of self-driving vehicles. These specify that while travelling in self-driving mode, motorists must be ready to resume control in a timely way if they are prompted to – such as when they approach motorway exits. The plans also include a change to current regulation, allowing drivers to view content that is not related to driving on built-in display screens, while the self-driving vehicle is in control.

Arnold Clark streamlines licence checking

Arnold Clark Automobiles is reporting huge savings in time and administrative effort by using Glasgow-based DriverCheck, part of the Ebbon Group, to handle licence checking and legal compliance for over 10,000 drivers. The retailer used to handle requirements internally using the DVLA’s licence check facility, but found this was becoming impractical from a sheer scale, effort and time point of view. Arnold Clark operates 193 dealerships across the country, as well as 160 service centres, 17 accident repair centres and 14 parts centres. It handles sales of around 300,000 vehicles per annum and turnover in 2021 was £4.7bn.

Arnold Clark streamlines licence checking

Apr 21, 2022

Arnold Clark Automobiles is reporting huge savings in time and administrative effort by using Glasgow-based DriverCheck, part of the Ebbon Group, to handle licence checking and legal compliance for over 10,000 drivers. The retailer used to handle requirements internally using the DVLA’s licence check facility, but found this was becoming impractical from a sheer scale, effort and time point of view. Arnold Clark operates 193 dealerships across the country, as well as 160 service centres, 17 accident repair centres and 14 parts centres. It handles sales of around 300,000 vehicles per annum and turnover in 2021 was £4.7bn.

New report reveals how finance partnerships can deliver sales growth for manufacturers

Finance offers developed with expert partners will be a vital tool for manufacturers to release pent-up demand among customers, a new report released today reveals. The whitepaper, from leading technology company Tietoevry, argues that manufacturers need to broaden their horizons when it comes to their product offerings so that customers find it easier to source equipment.

New report reveals how finance partnerships can deliver sales growth for manufacturers

Apr 11, 2022

Finance offers developed with expert partners will be a vital tool for manufacturers to release pent-up demand among customers, a new report released today reveals. The whitepaper, from leading technology company Tietoevry, argues that manufacturers need to broaden their horizons when it comes to their product offerings so that customers find it easier to source equipment.

HPD Lendscape targets underserved mid-tier lenders as it seeks to demonstrate its asset finance offering

HPD Lendscape’s celebration of the launch of its lending solution, delayed by COVID-19, went ahead last week at the Groucho Club with asset finance lenders attending in force. The launch event not only publicly announces the company's interest in the asset finance market but reveals their intention to differentiate from the incumbents with a modern, progressive back-end solution.”

HPD Lendscape targets underserved mid-tier lenders as it seeks to demonstrate its asset finance offering

Apr 01, 2022

HPD Lendscape’s celebration of the launch of its lending solution, delayed by COVID-19, went ahead last week at the Groucho Club with asset finance lenders attending in force. The launch event not only publicly announces the company's interest in the asset finance market but reveals their intention to differentiate from the incumbents with a modern, progressive back-end solution.”

AssetWorks provides Redcar & Cleveland Borough Council with digital fleet solution

Fleet management technology specialist AssetWorks is supporting Redcar & Cleveland Borough Council in its bid to digitise its operations. The local authority is implementing a cloud-based solution designed to deliver an integrated, flexible and cost effective system for managing its fleet. The new system replaces legacy software which had limited functionality for fleet operators, which meant only some parts of the business used it effectively, and processes and operational workflow were fragmented.

AssetWorks provides Redcar & Cleveland Borough Council with digital fleet solution

Apr 01, 2022

Fleet management technology specialist AssetWorks is supporting Redcar & Cleveland Borough Council in its bid to digitise its operations. The local authority is implementing a cloud-based solution designed to deliver an integrated, flexible and cost effective system for managing its fleet. The new system replaces legacy software which had limited functionality for fleet operators, which meant only some parts of the business used it effectively, and processes and operational workflow were fragmented.

Haydock Finance selects Odessa to help drive growth

Haydock Finance has chosen asset finance technology provider Odessa to help scale its rapidly growing business and better serve its SME customers and panel of approved brokers. With more than 40 years of experience in providing flexible funding solutions to the UK business market, the lender is planning a digital transformation which will see Haydock scale processes, eliminate information silos, and streamline systems as it seeks to ensure the highest quality of customer service.

Haydock Finance selects Odessa to help drive growth

Mar 31, 2022

Haydock Finance has chosen asset finance technology provider Odessa to help scale its rapidly growing business and better serve its SME customers and panel of approved brokers. With more than 40 years of experience in providing flexible funding solutions to the UK business market, the lender is planning a digital transformation which will see Haydock scale processes, eliminate information silos, and streamline systems as it seeks to ensure the highest quality of customer service.

Bynx - Fleet Future Issue 4

A new report released today provides in-depth insights on grey fleet and the future use of private vehicles on company business. The Fleet Future report, powered by Bynx, is now available for download and reveals how the global Coronavirus pandemic is reshaping business transport around the world, including the role private vehicles play in corporate travel.

Bynx - Fleet Future Issue 4

Mar 22, 2022

A new report released today provides in-depth insights on grey fleet and the future use of private vehicles on company business. The Fleet Future report, powered by Bynx, is now available for download and reveals how the global Coronavirus pandemic is reshaping business transport around the world, including the role private vehicles play in corporate travel.

CGI deploy cyber escape room to raise profile of cyber security

Asset Finance Connect joined teams from across the auto and equipment finance team to try out CGI’s escape room designed to raise awareness of cybersecurity.

CGI deploy cyber escape room to raise profile of cyber security

Mar 07, 2022

Asset Finance Connect joined teams from across the auto and equipment finance team to try out CGI’s escape room designed to raise awareness of cybersecurity.

Rivers Leasing and LTi Technology Solutions announce partnership

Independent asset finance funder Rivers Leasing, and lease, loan and asset finance software solutions provider LTi Technology Solutions (LTi), have announced a partnership designed to provide small lenders with a platform that enables them to book deals and scale their businesses effectively. The partnership will allow clients to begin booking deals, using the dedicated platform, within 45 days of implementation, and businesses can scale as they grow without re-platforming.

Rivers Leasing and LTi Technology Solutions announce partnership

Mar 04, 2022

Independent asset finance funder Rivers Leasing, and lease, loan and asset finance software solutions provider LTi Technology Solutions (LTi), have announced a partnership designed to provide small lenders with a platform that enables them to book deals and scale their businesses effectively. The partnership will allow clients to begin booking deals, using the dedicated platform, within 45 days of implementation, and businesses can scale as they grow without re-platforming.

Open Banking “game changers” include variable recurring payments

Last year saw 26.6 million Open Banking payments - an increase of 500% in just 12 months, according to data published by Open Banking Excellence (OBE). The industry group says in the four years since major retail banks were mandated to share customer and transaction data, and connect lenders, third parties and technology providers, Open Banking adoption and innovation has accelerated and there has been an explosion in the number of use cases.

Open Banking “game changers” include variable recurring payments

Feb 21, 2022

Last year saw 26.6 million Open Banking payments - an increase of 500% in just 12 months, according to data published by Open Banking Excellence (OBE). The industry group says in the four years since major retail banks were mandated to share customer and transaction data, and connect lenders, third parties and technology providers, Open Banking adoption and innovation has accelerated and there has been an explosion in the number of use cases.