Creating Mobility-as-a-Service Models

Leasing companies are focusing on their core strengths as they adapt to meet the new mobility needs of consumers. In carving a new role in the Mobility as a Service landscape, leasing companies can excel as specialist providers of vehicles to other mobility services, including global technology platforms such as Uber, in addition to their traditional role of providing vehicles direct to end-user customers. This plays to the strengths of leasing companies as vehicle management experts, particularly when it comes to serving the complex needs of large fleets.

Creating Mobility-as-a-Service Models

Jun 01, 2020

Leasing companies are focusing on their core strengths as they adapt to meet the new mobility needs of consumers. In carving a new role in the Mobility as a Service landscape, leasing companies can excel as specialist providers of vehicles to other mobility services, including global technology platforms such as Uber, in addition to their traditional role of providing vehicles direct to end-user customers. This plays to the strengths of leasing companies as vehicle management experts, particularly when it comes to serving the complex needs of large fleets.

Invisible assets - managing the rise of servitization in asset finance

The asset finance industry is changing as customers look to fund ‘invisible assets’ that fall outside traditional product boundaries. Historically, the industry used the mantra ‘you can only finance it if it has wheels on the corner’ to identify assets that could be financed, but this is no longer the case. Growing interest in servitization means companies are looking to fund access to products and services rather than owning assets themselves.

Invisible assets - managing the rise of servitization in asset finance

Apr 28, 2020

The asset finance industry is changing as customers look to fund ‘invisible assets’ that fall outside traditional product boundaries. Historically, the industry used the mantra ‘you can only finance it if it has wheels on the corner’ to identify assets that could be financed, but this is no longer the case. Growing interest in servitization means companies are looking to fund access to products and services rather than owning assets themselves.

German Leasing Market Update Released

The German leasing sector reported a robust market ahead of the disruption caused by the Coronavirus, with growth in total volume to more than €60 billion, according to a new market report. The report has been released by White Clarke Group in association with the World Leasing Yearbook and provides an assessment of markets in the period up to mid-2019. It reveals that in 2018 the total volume of new business acquired in Germany was €60.7bn (as compared with €58.8bn in the preceding year).

German Leasing Market Update Released

Apr 27, 2020

The German leasing sector reported a robust market ahead of the disruption caused by the Coronavirus, with growth in total volume to more than €60 billion, according to a new market report. The report has been released by White Clarke Group in association with the World Leasing Yearbook and provides an assessment of markets in the period up to mid-2019. It reveals that in 2018 the total volume of new business acquired in Germany was €60.7bn (as compared with €58.8bn in the preceding year).

 

WCG Report AFIBanner Download v2

FCA partners with Amazon to deliver cars by subscription

Car manufacturers are developing innovative new finance models as customers expect to move away from ownership towards usership. Among the leading innovators is FCA Bank, which is powering a range of new services for car users, including pay per kilometre and cars by subscription through its mobility arm Leasys. Marcella Merli, head of sales and marketing for FCA Bank, said: “Mobility services are really paramount for the future of our sector and the revolution is also coming from the customer.”

FCA partners with Amazon to deliver cars by subscription

Mar 16, 2020

Car manufacturers are developing innovative new finance models as customers expect to move away from ownership towards usership. Among the leading innovators is FCA Bank, which is powering a range of new services for car users, including pay per kilometre and cars by subscription through its mobility arm Leasys. Marcella Merli, head of sales and marketing for FCA Bank, said: “Mobility services are really paramount for the future of our sector and the revolution is also coming from the customer.”

White Clarke Group partners with Solutions by Text to enhance customer communications

Global finance technology company White Clarke Group is partnering with SMS software company Solutions by Text to support better communication between lenders, dealerships and customers. The integration coordinates White Clarke Group’s existing CALMS loan origination software with Solutions by Text’s automated outbound messaging services. This enables lenders to send SMS notifications on the progress of ongoing applications.

White Clarke Group partners with Solutions by Text to enhance customer communications

Mar 16, 2020

Global finance technology company White Clarke Group is partnering with SMS software company Solutions by Text to support better communication between lenders, dealerships and customers. The integration coordinates White Clarke Group’s existing CALMS loan origination software with Solutions by Text’s automated outbound messaging services. This enables lenders to send SMS notifications on the progress of ongoing applications.

White Clarke Group appoints Wayne Ross as group chief technical officer

White Clarke Group has appointed Wayne Ross as its group chief technical officer. Ross (pictured) has worked in engineering, technology development and business management for 25 years and will be supporting White Clarke Group’s executive board to lead the company’s strategic development of innovative technology.

White Clarke Group appoints Wayne Ross as group chief technical officer

Mar 13, 2020

White Clarke Group has appointed Wayne Ross as its group chief technical officer. Ross (pictured) has worked in engineering, technology development and business management for 25 years and will be supporting White Clarke Group’s executive board to lead the company’s strategic development of innovative technology.

White Clarke Group’s 2020 Global Leasing Report reveals nine years of continuous growth in leasing

The annual Global Leasing Report 2020, released by White Clarke Group in association with the World Leasing Yearbook, has revealed how nearly nine years of growth has shaped the market. The report, which is available for free download, is the definitive guide to the world’s top 50 leasing markets and provides detailed analysis of country trading environments and trends in auto and equipment finance. Highlights show that the global leasing industry has expanded by 131% in the past nine years, powered by Asia, North America and Europe, despite economic challenges. The three regions make up 95% of the world’s total leasing volume.

White Clarke Group’s 2020 Global Leasing Report reveals nine years of continuous growth in leasing

Mar 03, 2020

The annual Global Leasing Report 2020, released by White Clarke Group in association with the World Leasing Yearbook, has revealed how nearly nine years of growth has shaped the market. The report, which is available for free download, is the definitive guide to the world’s top 50 leasing markets and provides detailed analysis of country trading environments and trends in auto and equipment finance. Highlights show that the global leasing industry has expanded by 131% in the past nine years, powered by Asia, North America and Europe, despite economic challenges. The three regions make up 95% of the world’s total leasing volume.

Using AI to innovate and drive loyalty through remarkable customer experiences

Artificial intelligence can play a key role in improving levels of customer service and satisfaction in auto finance to increase loyalty and revenue, according to a leading industry expert. Bob Beatty, executive vice-president, customer experience, at GM Financial has revealed how AI can revolutionise how thousands of customer interactions are handled, giving team members more time to manage more complex customer enquiries. “The mandate I was given was to innovate to drive loyalty through remarkable customer experiences from the dealer front and the customer front,” Beatty said. “I looked at what our customers were telling us and instead of taking it as exactly what they were saying, when I looked at it from a different perspective, they were saying, ‘make this easy, give me my time back.’ Time has become our customers’ greatest asset now.”

Using AI to innovate and drive loyalty through remarkable customer experiences

Feb 25, 2020

Artificial intelligence can play a key role in improving levels of customer service and satisfaction in auto finance to increase loyalty and revenue, according to a leading industry expert. Bob Beatty, executive vice-president, customer experience, at GM Financial has revealed how AI can revolutionise how thousands of customer interactions are handled, giving team members more time to manage more complex customer enquiries. “The mandate I was given was to innovate to drive loyalty through remarkable customer experiences from the dealer front and the customer front,” Beatty said. “I looked at what our customers were telling us and instead of taking it as exactly what they were saying, when I looked at it from a different perspective, they were saying, ‘make this easy, give me my time back.’ Time has become our customers’ greatest asset now.”

Simply completes first deal powered by open banking technology

SME funder Simply has completed its first deal enabled through open banking technology that accelerates the funding process by providing quick, secure access to customer data. The customer was talking to Simply about a funding package and provided permission for the finance provider to electronically view banking data. Simply could then digitally access statements, removing the need for the customer to email or print them. Data was then analysed using software to speed decision-making.

Simply completes first deal powered by open banking technology

Feb 10, 2020

SME funder Simply has completed its first deal enabled through open banking technology that accelerates the funding process by providing quick, secure access to customer data. The customer was talking to Simply about a funding package and provided permission for the finance provider to electronically view banking data. Simply could then digitally access statements, removing the need for the customer to email or print them. Data was then analysed using software to speed decision-making.

Ransomware gangs increase raids as car parts company Gedia becomes latest cyber-attack victim

German car parts manufacturer Gedia has shut down its IT systems after a cyber-attack. Industry experts are blaming the attack on the same hackers who crippled global travel money giant Travelex, which is still offline nearly a month after it was hit. The car parts manufacturer said it couldn’t comment on the source of the attack and said it had called in the police, while an emergency plan has been put in place to maintain deliveries. Gedia Automotive Group employs 4,300 people in seven countries and initially warned the attack could have far-reaching consequences.

Ransomware gangs increase raids as car parts company Gedia becomes latest cyber-attack victim

Jan 28, 2020

German car parts manufacturer Gedia has shut down its IT systems after a cyber-attack. Industry experts are blaming the attack on the same hackers who crippled global travel money giant Travelex, which is still offline nearly a month after it was hit. The car parts manufacturer said it couldn’t comment on the source of the attack and said it had called in the police, while an emergency plan has been put in place to maintain deliveries. Gedia Automotive Group employs 4,300 people in seven countries and initially warned the attack could have far-reaching consequences.

UK strengthens role as fintech leader

The UK has strengthened its role as a European leader in fintech through a flexible regulatory regime, supportive government policy and strong investment, new research reveals. As a European hub of the fintech ecosystem, it received total funding of $3.9 billion 2018, out of total investment of $6.9 billion across Europe. A new study by Accenture Strategy and Assifact, the Italian Factoring Association, analysed more than 250 companies in seven countries, with the aim of identifying the most innovative solutions and business models in supply chain finance.

UK strengthens role as fintech leader

Jan 27, 2020

The UK has strengthened its role as a European leader in fintech through a flexible regulatory regime, supportive government policy and strong investment, new research reveals. As a European hub of the fintech ecosystem, it received total funding of $3.9 billion 2018, out of total investment of $6.9 billion across Europe. A new study by Accenture Strategy and Assifact, the Italian Factoring Association, analysed more than 250 companies in seven countries, with the aim of identifying the most innovative solutions and business models in supply chain finance.

V12 Vehicle Finance partners with Click Dealer to create seamless sales and finance process for dealers

V12 Vehicle Finance and Click Dealer have launched a major partnership to streamline the way cars are sold and financed. It will banish key ‘pain points’ for dealers by integrating the process of sourcing, financing and selling vehicles into a single integrated platform. David Mercer (pictured top), managing director of V12 Vehicle Finance, said: “Our joint vision is to take friction out of all dealer processes to provide confidence and value to dealers, as well as benefit the consumer customer journey.“Our partnership will help address the challenge of locating and buying used stock more efficiently and then converting the car into a retail sale, whatever a customers’ credit profile, whilst working within FCA compliance regulations.”

V12 Vehicle Finance partners with Click Dealer to create seamless sales and finance process for dealers

Jan 21, 2020

V12 Vehicle Finance and Click Dealer have launched a major partnership to streamline the way cars are sold and financed. It will banish key ‘pain points’ for dealers by integrating the process of sourcing, financing and selling vehicles into a single integrated platform. David Mercer (pictured top), managing director of V12 Vehicle Finance, said: “Our joint vision is to take friction out of all dealer processes to provide confidence and value to dealers, as well as benefit the consumer customer journey.“Our partnership will help address the challenge of locating and buying used stock more efficiently and then converting the car into a retail sale, whatever a customers’ credit profile, whilst working within FCA compliance regulations.”

Nordea offers carbon footprint summaries to 3 million digital banking customers

Leading Nordic bank Nordea is using its digital banking services to offer customers an individual summary of their carbon footprint. The new service gives an insight into the environmental impact of daily consumption behaviour when using a payment card, to help customers make greener choices.

Nordea offers carbon footprint summaries to 3 million digital banking customers

Jan 20, 2020

Leading Nordic bank Nordea is using its digital banking services to offer customers an individual summary of their carbon footprint. The new service gives an insight into the environmental impact of daily consumption behaviour when using a payment card, to help customers make greener choices.

Finance industry warned to take action after Travelex cyber attack

As a cyber attack continues to cause severe disruption to global currency dealer Travelex, chief executives and CIOs in the finance industry face a stark question in 2020 – will we be next? In a special report, John Maslen talks to industry experts about what business leaders must do to prevent successful attacks.

Finance industry warned to take action after Travelex cyber attack

Jan 13, 2020

As a cyber attack continues to cause severe disruption to global currency dealer Travelex, chief executives and CIOs in the finance industry face a stark question in 2020 – will we be next? In a special report, John Maslen talks to industry experts about what business leaders must do to prevent successful attacks.

Why companies need to embrace digital transformation to drive competitive advantage

Companies should take a “think big, start small, scale fast” approach as they incorporate the Internet of Things into their operations, says Anthony Casciano, president and chief executive officer of Siemens Financial Services. He explains why this involves driving IoT from a business case, not pushing a technology into operations simply because of its fascinating potential.

Why companies need to embrace digital transformation to drive competitive advantage

Jan 13, 2020

Companies should take a “think big, start small, scale fast” approach as they incorporate the Internet of Things into their operations, says Anthony Casciano, president and chief executive officer of Siemens Financial Services. He explains why this involves driving IoT from a business case, not pushing a technology into operations simply because of its fascinating potential.

Blockchain innovation in mobility - how smart contracts can power the new mobility economy

Blockchain technology has the potential to revolutionise the way mobility solutions are delivered and financed, drastically reducing the cost of providing services. Vehicle-based services such as ride-hailing could have their finance processing costs slashed to a fraction of their current level using the technology and it could transform the type of payments being made, according to Chris Ballinger, chief executive officer and founder of the Mobility Open Blockchain Initiative. MOBI is a global consortium that works with companies throughout the industry to establish common standards for the use of blockchain in the mobility industry. It aims to build a worldwide network of cities, infrastructure providers, consumers, and producers of mobility services in order to accelerate the adoption of the technology.

Blockchain innovation in mobility - how smart contracts can power the new mobility economy

Apr 08, 2019

Blockchain technology has the potential to revolutionise the way mobility solutions are delivered and financed, drastically reducing the cost of providing services. Vehicle-based services such as ride-hailing could have their finance processing costs slashed to a fraction of their current level using the technology and it could transform the type of payments being made, according to Chris Ballinger, chief executive officer and founder of the Mobility Open Blockchain Initiative. MOBI is a global consortium that works with companies throughout the industry to establish common standards for the use of blockchain in the mobility industry. It aims to build a worldwide network of cities, infrastructure providers, consumers, and producers of mobility services in order to accelerate the adoption of the technology.

Tomorrow’s Journey partners with LeasePlan UK ahead of mobility pilot

Global mobility start-up Tomorrow’s Journey has announced a partnership with LeasePlan UK to deliver a ground-breaking trial of its technology to maximise fleet utilisation. The company’s JRNY platform supports the use of shared assets, including fleet vehicles, to spread the benefits of new mobility options. The UK arm of LeasePlan, one of the world’s biggest leasing companies, has become the first partner in a live trial of the company’s technology by supplying vehicles for the pilot.

Tomorrow’s Journey partners with LeasePlan UK ahead of mobility pilot

Apr 05, 2019

Global mobility start-up Tomorrow’s Journey has announced a partnership with LeasePlan UK to deliver a ground-breaking trial of its technology to maximise fleet utilisation. The company’s JRNY platform supports the use of shared assets, including fleet vehicles, to spread the benefits of new mobility options. The UK arm of LeasePlan, one of the world’s biggest leasing companies, has become the first partner in a live trial of the company’s technology by supplying vehicles for the pilot.

Drivers to be offered mobility credits to give up cars in local authority scheme

Drivers in a UK trial are to be offered thousands of pounds in ‘mobility credits’ in return for giving up their cars to help tackle congestion and pollution. The scheme is part of a wide-ranging Future Mobility programme approved by West Midlands Combined Authority (WMCA) last week. Transport for West Midlands (TfWM), part of the WMCA, aims to encourage drivers to give up their private vehicles and opt for on-demand mobility solutions, such as car sharing, public transport and electric vehicle hire schemes.

Drivers to be offered mobility credits to give up cars in local authority scheme

Mar 28, 2019

Drivers in a UK trial are to be offered thousands of pounds in ‘mobility credits’ in return for giving up their cars to help tackle congestion and pollution. The scheme is part of a wide-ranging Future Mobility programme approved by West Midlands Combined Authority (WMCA) last week. Transport for West Midlands (TfWM), part of the WMCA, aims to encourage drivers to give up their private vehicles and opt for on-demand mobility solutions, such as car sharing, public transport and electric vehicle hire schemes.

Making finance sourcing as simple as booking a flight

Innovative finance company iwoca is bringing radical change to the way small businesses source funding with its new digital platform. The tech-enabled lender was developed by chief executive officer Christoph Rieche after he saw how much SME’s struggled to obtain finance when they needed it because banks were reluctant to lend or tied them up in paperwork. In response, iwoca used digitalisation and new technology to drastically reduce the administration involved in sourcing finance, so now an SME can obtain a loan using a digital device in a matter of minutes. Rieche said: “Part of our mission is to make it as simple as booking a flight ticket, which really brings us to the DNA of the company; we see ourselves much more as a technology company than a bank or finance company.” You can see how the process works in this exclusive video, provided courtesy of global automotive, consumer and equipment finance software company White Clarke Group.

Making finance sourcing as simple as booking a flight

Mar 19, 2019

Innovative finance company iwoca is bringing radical change to the way small businesses source funding with its new digital platform. The tech-enabled lender was developed by chief executive officer Christoph Rieche after he saw how much SME’s struggled to obtain finance when they needed it because banks were reluctant to lend or tied them up in paperwork. In response, iwoca used digitalisation and new technology to drastically reduce the administration involved in sourcing finance, so now an SME can obtain a loan using a digital device in a matter of minutes. Rieche said: “Part of our mission is to make it as simple as booking a flight ticket, which really brings us to the DNA of the company; we see ourselves much more as a technology company than a bank or finance company.” You can see how the process works in this exclusive video, provided courtesy of global automotive, consumer and equipment finance software company White Clarke Group.

Sixt launches global mobility strategy powered by new smartphone app

Sixt has launched a new smartphone app offering vehicle rental, car sharing and taxi/transfer services on a single platform as part of its strategic expansion to become a global mobility services provider. Sixt claims the app, called One, is the first integrated mobility platform in the world and can be used to book its services along with a range of affiliated partners, so customers have access to 240,000 vehicles, 1,500 mobility suppliers and more than one million drivers. In a key development, Sixt’s own connected car fleet will become multi-use, so vehicles can be used either for car sharing or rental.

Sixt launches global mobility strategy powered by new smartphone app

Mar 12, 2019

Sixt has launched a new smartphone app offering vehicle rental, car sharing and taxi/transfer services on a single platform as part of its strategic expansion to become a global mobility services provider. Sixt claims the app, called One, is the first integrated mobility platform in the world and can be used to book its services along with a range of affiliated partners, so customers have access to 240,000 vehicles, 1,500 mobility suppliers and more than one million drivers. In a key development, Sixt’s own connected car fleet will become multi-use, so vehicles can be used either for car sharing or rental.

Volkswagen reveals progress on strategic partnership with Microsoft as it aims to transform into software-driven mobility provider

Volkswagen will extend the reach of its major Automotive Cloud project to China and the US as part of its partnership with Microsoft, as the manufacturer transforms into a software-driven mobility provider. Initially, the project was focused on Europe, but the expansion reflects Volkswagen’s ambition to reinvent the business on a global scale. It also reflects the chosen markets for the future full-electric, fully connected ID. model family.

Volkswagen reveals progress on strategic partnership with Microsoft as it aims to transform into software-driven mobility provider

Mar 06, 2019

Volkswagen will extend the reach of its major Automotive Cloud project to China and the US as part of its partnership with Microsoft, as the manufacturer transforms into a software-driven mobility provider. Initially, the project was focused on Europe, but the expansion reflects Volkswagen’s ambition to reinvent the business on a global scale. It also reflects the chosen markets for the future full-electric, fully connected ID. model family.