Global finance companies representing $18 trillion in assets back the circular economy

The authors of a major report on financing the circular economy are calling on finance companies to increase collaboration with businesses and governments to scale the sector. There are major opportunities for the finance industry to deliver on environmental, social and governance goals, while delivering profitable growth, it argues. The volume of investor portfolios directed towards circular economy initiatives has grown by 22 times in the past two years.

Global finance companies representing $18 trillion in assets back the circular economy

Jun 17, 2021

The authors of a major report on financing the circular economy are calling on finance companies to increase collaboration with businesses and governments to scale the sector. There are major opportunities for the finance industry to deliver on environmental, social and governance goals, while delivering profitable growth, it argues. The volume of investor portfolios directed towards circular economy initiatives has grown by 22 times in the past two years.

Used car sales fuel 20.7% net income rise for ALD

Leasing group ALD has reported a 20.7% year-on-year increase in net income (group share) in its quarter one results, totalling €155.5m. In the accompanying trading update, the firm noted “very strong” used car sales, which totalled €38.2 million from 87,000 units and average per-unit profit of €439. Leasing contract and services margins were up 1.5% to €328.1m, operating expenses increased by 1.1% and cost of risk fell by €9.1m to €8.7m.

Used car sales fuel 20.7% net income rise for ALD

Jun 16, 2021

Leasing group ALD has reported a 20.7% year-on-year increase in net income (group share) in its quarter one results, totalling €155.5m. In the accompanying trading update, the firm noted “very strong” used car sales, which totalled €38.2 million from 87,000 units and average per-unit profit of €439. Leasing contract and services margins were up 1.5% to €328.1m, operating expenses increased by 1.1% and cost of risk fell by €9.1m to €8.7m.

BNP Paribas names Sandro Pierri CEO of asset management arm

French banking group BNP Paribas has named Sandro Pierri chief executive officer of BNP Paribas Asset Management, effective from 1 July. Pierri (pictured above) will be based in Paris and report to deputy COO Renaud Dumora, who heads up the group’s investment and protection services division, which includes its asset management arm.

BNP Paribas names Sandro Pierri CEO of asset management arm

Jun 16, 2021

French banking group BNP Paribas has named Sandro Pierri chief executive officer of BNP Paribas Asset Management, effective from 1 July. Pierri (pictured above) will be based in Paris and report to deputy COO Renaud Dumora, who heads up the group’s investment and protection services division, which includes its asset management arm.

 
 

AF50 UK 2021 reveals country’s largest asset finance companies

A unique study of the UK’s asset finance industry published today reveals the vital role the sector will play in the country’s post-pandemic recovery. The exclusive 2021 Asset Finance 50 report provides in-depth analysis of the market, including expert commentary from finance company executives. The annual AF50 is the UK’s most influential survey of business and equipment lessors, which tracks the health of the market and identifies the key trends that are set to have an impact on the sector.

AF50 UK 2021 reveals country’s largest asset finance companies

May 18, 2021

A unique study of the UK’s asset finance industry published today reveals the vital role the sector will play in the country’s post-pandemic recovery. The exclusive 2021 Asset Finance 50 report provides in-depth analysis of the market, including expert commentary from finance company executives. The annual AF50 is the UK’s most influential survey of business and equipment lessors, which tracks the health of the market and identifies the key trends that are set to have an impact on the sector.

 

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White Clarke Group Global Leasing Report 2021 reveals health of industry as pandemic emerged

A detailed insight into the health of the global asset finance industry launched today reveals how flexibility and innovation helped the sector respond to the emerging Coronavirus pandemic. The White Clarke Group Global Leasing Report 2021 provides an invaluable insight into the shape of the asset finance market as it entered one of the most turbulent years in its history, when the COVID-19 crisis reshaped world markets. Exclusive research in the report shows that before the pandemic, the USA benefited from strong growth, with annual volume of $473 billion, a rise of 10.5% year-on-year.

White Clarke Group Global Leasing Report 2021 reveals health of industry as pandemic emerged

Mar 01, 2021

A detailed insight into the health of the global asset finance industry launched today reveals how flexibility and innovation helped the sector respond to the emerging Coronavirus pandemic. The White Clarke Group Global Leasing Report 2021 provides an invaluable insight into the shape of the asset finance market as it entered one of the most turbulent years in its history, when the COVID-19 crisis reshaped world markets. Exclusive research in the report shows that before the pandemic, the USA benefited from strong growth, with annual volume of $473 billion, a rise of 10.5% year-on-year.

 
 

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Financial ecosystem for mobility services expands as BMW and RingGo launch in-car parking payment solution

BMW and parking solutions provider RingGo have launched an in-car payment solution in the latest manufacturer development of a financial ecosystem for drivers. The service is currently available to 150,000 BMW connected cars in the UK and is accessed using the car’s on-board iDrive infotainment system. The new feature will be delivered as an integrated vehicle app and installed automatically over-the-air on all BMW vehicles in the UK which have Operating System 7 and were built from July 2018. Drivers use their touchscreen to pay, eliminating the need to carry cash for parking meters or use a mobile phone app to pay.

Financial ecosystem for mobility services expands as BMW and RingGo launch in-car parking payment solution

Jun 16, 2021

BMW and parking solutions provider RingGo have launched an in-car payment solution in the latest manufacturer development of a financial ecosystem for drivers. The service is currently available to 150,000 BMW connected cars in the UK and is accessed using the car’s on-board iDrive infotainment system. The new feature will be delivered as an integrated vehicle app and installed automatically over-the-air on all BMW vehicles in the UK which have Operating System 7 and were built from July 2018. Drivers use their touchscreen to pay, eliminating the need to carry cash for parking meters or use a mobile phone app to pay.

Delivering asset finance growth in 2021 and beyond

If the global Coronavirus pandemic were to have a single lesson, it is the importance of preparing for the unexpected; as the global economy restarts, the door is opening on a much-changed world that offers a wealth of opportunities, but also new risks. The route to delivering asset finance growth in 2021 and beyond is reviewed in a new whitepaper, produced by specialist leased equipment insurance provider Acquis, which can be downloaded using the form below.

Delivering asset finance growth in 2021 and beyond

Jun 15, 2021

If the global Coronavirus pandemic were to have a single lesson, it is the importance of preparing for the unexpected; as the global economy restarts, the door is opening on a much-changed world that offers a wealth of opportunities, but also new risks. The route to delivering asset finance growth in 2021 and beyond is reviewed in a new whitepaper, produced by specialist leased equipment insurance provider Acquis, which can be downloaded using the form below.

Richmond Group launches new outsourced services to accelerate innovation in asset finance and drive efficiencies

Asset finance advisor Richmond Group is holding discussions with major finance providers following the launch of a new back office outsourcing service designed to accelerate innovation within the industry. The new Move to Improve service was created in response to industry feedback and provides outsourcing of back office staff and/or software provision. Staff outsourcing can provide wide-ranging benefits that go far beyond cost savings, according to director David Pedreno (pictured above).

Richmond Group launches new outsourced services to accelerate innovation in asset finance and drive efficiencies

Jun 15, 2021

Asset finance advisor Richmond Group is holding discussions with major finance providers following the launch of a new back office outsourcing service designed to accelerate innovation within the industry. The new Move to Improve service was created in response to industry feedback and provides outsourcing of back office staff and/or software provision. Staff outsourcing can provide wide-ranging benefits that go far beyond cost savings, according to director David Pedreno (pictured above).

 

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Avolon creates electric aircraft division as it signs $2 billion order for zero-emission planes

International aircraft leasing company Avolon is planning to invest up to $2 billion in a new electric ‘vertical take-off and landing’ aircraft that aims to revolutionise air travel. The order for 500 electric eVTOL aircraft will introduce the ultra-short-haul aircraft category to commercial aviation and will enable Avolon’s client base to operate flights with zero emissions. The VA-X4 will carry four passengers and a pilot at more than 200mph for up to 100 miles, with much lower operating costs than a helicopter.

Avolon creates electric aircraft division as it signs $2 billion order for zero-emission planes

Jun 14, 2021

International aircraft leasing company Avolon is planning to invest up to $2 billion in a new electric ‘vertical take-off and landing’ aircraft that aims to revolutionise air travel. The order for 500 electric eVTOL aircraft will introduce the ultra-short-haul aircraft category to commercial aviation and will enable Avolon’s client base to operate flights with zero emissions. The VA-X4 will carry four passengers and a pilot at more than 200mph for up to 100 miles, with much lower operating costs than a helicopter.

FCA launches consultation on new ‘Consumer Duty’ rules for retail financial markets

The UK’s Financial Conduct Authority has revealed plans for a new Consumer Duty, which will set a higher level of consumer protection in retail financial markets. The Consumer Duty, which firms will have to follow or face action including enforcement investigations, will have 3 key elements:

FCA launches consultation on new ‘Consumer Duty’ rules for retail financial markets

Jun 14, 2021

The UK’s Financial Conduct Authority has revealed plans for a new Consumer Duty, which will set a higher level of consumer protection in retail financial markets. The Consumer Duty, which firms will have to follow or face action including enforcement investigations, will have 3 key elements:

VW and Mercedes push for switch from franchise to agency model

Mercedes and the Volkswagen Group are reportedly pushing to change their UK dealer networks from franchise to agency models. Such a move allows manufacturers greater control over the sales process, including the adoption of non-negotiable pricing with retailers paid a handling fee for sales. Typically, demonstrators are the only stock assigned to the dealer under an agency model, and the manufacturer holds most of its vehicles at separate sites.

VW and Mercedes push for switch from franchise to agency model

Jun 14, 2021

Mercedes and the Volkswagen Group are reportedly pushing to change their UK dealer networks from franchise to agency models. Such a move allows manufacturers greater control over the sales process, including the adoption of non-negotiable pricing with retailers paid a handling fee for sales. Typically, demonstrators are the only stock assigned to the dealer under an agency model, and the manufacturer holds most of its vehicles at separate sites.

 

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Vertex integrates tax automation solution with Alfa Start

Tax technology solutions provider, Vertex, has announced the integration of its Lease Tax O Series with Alfa Start, a cloud-based system for auto leasing operations. This marks the latest development in the relationship between the two companies, as they seek to better facilitate tax management and ease the complexities on lease and rental transactions for customers.

Vertex integrates tax automation solution with Alfa Start

Jun 10, 2021

Tax technology solutions provider, Vertex, has announced the integration of its Lease Tax O Series with Alfa Start, a cloud-based system for auto leasing operations. This marks the latest development in the relationship between the two companies, as they seek to better facilitate tax management and ease the complexities on lease and rental transactions for customers.

New CEO to drive “compelling strategy” at Time Finance

Ed Rimmer has been appointed as the permanent chief executive officer of Time Finance (formerly 1pm plc), after having taken on the role on an interim basis in April 2021. With more than 25 years of experience in the financial services sector, Rimmer has worked in a variety of senior positions including UK chief executive of Bibby Financial Services in 2007. He held this role for the next five years, during which time client numbers grew by more than 50% to 4,000, profitability doubled from £16 million to £32 million and market share increased by 50%.

New CEO to drive “compelling strategy” at Time Finance

Jun 10, 2021

Ed Rimmer has been appointed as the permanent chief executive officer of Time Finance (formerly 1pm plc), after having taken on the role on an interim basis in April 2021. With more than 25 years of experience in the financial services sector, Rimmer has worked in a variety of senior positions including UK chief executive of Bibby Financial Services in 2007. He held this role for the next five years, during which time client numbers grew by more than 50% to 4,000, profitability doubled from £16 million to £32 million and market share increased by 50%.

Future of asset finance in focus during IAFN debate with Richard Jones, Lloyds Banking Group’s motor finance and leasing MD

An in-depth discussion with Richard Jones, managing director of motor finance and leasing at Lloyds Banking Group, has revealed six key trends in asset finance that could shape the industry's future development. You can download a detailed summary of the debate using the form below. During the discussion, hosted by the International Asset Finance Network, in association with global asset finance software specialist White Clarke Group (an IDS company), he provided insights on issues including the future of subscription services, how growing demand for plug-in cars may affect the used car market and why a co-ordinated approach is vital to achieving a review of the Consumer Credit Act.

Future of asset finance in focus during IAFN debate with Richard Jones, Lloyds Banking Group’s motor finance and leasing MD

Jun 09, 2021

An in-depth discussion with Richard Jones, managing director of motor finance and leasing at Lloyds Banking Group, has revealed six key trends in asset finance that could shape the industry's future development. You can download a detailed summary of the debate using the form below. During the discussion, hosted by the International Asset Finance Network, in association with global asset finance software specialist White Clarke Group (an IDS company), he provided insights on issues including the future of subscription services, how growing demand for plug-in cars may affect the used car market and why a co-ordinated approach is vital to achieving a review of the Consumer Credit Act.

Fitch revises rating on trio of equipment rental companies

Fitch Ratings has upwardly revised the Outlook ratings on three European equipment rental companies, with Ashtead Group, Boels Topholding and Modulaire Investments all moving from Negative to Stable, while their Issuer Default Ratings were affirmed at the current levels.

Fitch revises rating on trio of equipment rental companies

Jun 08, 2021

Fitch Ratings has upwardly revised the Outlook ratings on three European equipment rental companies, with Ashtead Group, Boels Topholding and Modulaire Investments all moving from Negative to Stable, while their Issuer Default Ratings were affirmed at the current levels.

Otoz premieres digital retail platform in partnership with tier one automotive brand

Mobility solutions technology provider, Otoz, has unveiled a new digital retailing solution for car dealerships. The new platform enables automotive companies to provide consumers with an end-to-end digital shopping experience, including leasing and finance transactions. According to Otoz, when the new platform is launched, both customers and dealers will have access to personalized portals by accessing a mobile app.

Otoz premieres digital retail platform in partnership with tier one automotive brand

Jun 08, 2021

Mobility solutions technology provider, Otoz, has unveiled a new digital retailing solution for car dealerships. The new platform enables automotive companies to provide consumers with an end-to-end digital shopping experience, including leasing and finance transactions. According to Otoz, when the new platform is launched, both customers and dealers will have access to personalized portals by accessing a mobile app.

IDS celebrates win as latest fintech solution providers are revealed

As a result of the ongoing technological transformation of the finance sector, thousands of fintech companies have sprung to life highlighting the comprehensive integration of technology in finance management. Furthermore, the establishment of fintech has also spelled the creation of many new services to replace legacy systems and replenished the structure of long-standing financial institutions, giving them a more simplified configuration. In an effort to locate the top fintech solution providers from across the globe, business insight provider Enterprise Viewpoint established the Top 20 FinTech Solution Providers 2021 ranking.

IDS celebrates win as latest fintech solution providers are revealed

May 25, 2021

As a result of the ongoing technological transformation of the finance sector, thousands of fintech companies have sprung to life highlighting the comprehensive integration of technology in finance management. Furthermore, the establishment of fintech has also spelled the creation of many new services to replace legacy systems and replenished the structure of long-standing financial institutions, giving them a more simplified configuration. In an effort to locate the top fintech solution providers from across the globe, business insight provider Enterprise Viewpoint established the Top 20 FinTech Solution Providers 2021 ranking.

 

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Asset Alliance Group secures future in latest acquisition

The acquisition of Asset Alliance Group by private and commercial bank Arbuthnot Latham & Co h...

Asset Alliance Group secures future in latest acquisition

May 26, 2021

Brendan Gleeson appointed chief strategy officer to drive innovation at IDS

Secured finance software provider, IDS, has announced the appointment of Brendan Gleeson (pictured...

Brendan Gleeson appointed chief strategy officer to drive innovation at IDS

Jun 03, 2021

 

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