Ultimate Finance launches multi-asset finance offer

Specialist asset-based lender Ultimate Finance has introduced a new Structured Finance offer to release working capital for UK businesses. Introducers can offer clients multi-asset funding solutions of between £350,000 and £5 million against several assets simultaneously, such as unpaid invoices, plant and machinery, and property. Ultimate Finance aims to reduce the complexity of multi-asset finance by offering a single point of contact supported by a dedicated deal team.

Ultimate Finance launches multi-asset finance offer

Feb 21, 2020

Specialist asset-based lender Ultimate Finance has introduced a new Structured Finance offer to release working capital for UK businesses. Introducers can offer clients multi-asset funding solutions of between £350,000 and £5 million against several assets simultaneously, such as unpaid invoices, plant and machinery, and property. Ultimate Finance aims to reduce the complexity of multi-asset finance by offering a single point of contact supported by a dedicated deal team.

CIT upgrades B2B point-of-sale lending platform

The small business solutions arm of CIT Group has launched a new version of its point-of-sale lending platform. The platform is available online and on mobile devices to simplify financing for small business purchases of $2,500 or more. Business customers can shop for products, be approved for credit, select terms and receive electronic documents to secure their purchase electronically. The platform also provides real-time monthly payment quotes and automatically sends electronic documents to customers for review and e-signature.

CIT upgrades B2B point-of-sale lending platform

Feb 20, 2020

The small business solutions arm of CIT Group has launched a new version of its point-of-sale lending platform. The platform is available online and on mobile devices to simplify financing for small business purchases of $2,500 or more. Business customers can shop for products, be approved for credit, select terms and receive electronic documents to secure their purchase electronically. The platform also provides real-time monthly payment quotes and automatically sends electronic documents to customers for review and e-signature.

Brand value of world’s largest banks contracts for first time since financial crisis

The total brand value of the world’s 500 largest banks has declined for the first time since 2009. Research by independent brand valuation consultancy Brand Finance found the global brand value of the top banks fell from $1.36 trillion at the start of 2019 to $1.33 trillion for 2020. Chinese banks occupy the top four places in the Brand Finance Banking 500, with ICBC retaining first place overall. It is the country’s biggest lender with 600 million customers.

Brand value of world’s largest banks contracts for first time since financial crisis

Feb 19, 2020

The total brand value of the world’s 500 largest banks has declined for the first time since 2009. Research by independent brand valuation consultancy Brand Finance found the global brand value of the top banks fell from $1.36 trillion at the start of 2019 to $1.33 trillion for 2020. Chinese banks occupy the top four places in the Brand Finance Banking 500, with ICBC retaining first place overall. It is the country’s biggest lender with 600 million customers.

EMEA

Wesleyan Bank signs first block discounting facility with Liberty Leasing

Feb 14, 2020

Specialist commercial finance provider Wesleyan Bank has provided Liberty Leasing with a £3 million block discounting facility to fund its future growth. The facility means Liberty Leasing can meet increasing demand from UK businesses for its multiple asset and vehicle finance solutions. Wesleyan Bank’s recently launched block discounting offering is a wholesale finance facility, aimed mainly at alternative finance companies.

Americas

Marlin hits $1 billion net investment in leases and loans

Feb 18, 2020

Commercial lending solutions provider Marlin Business Services announced net income of $8.4 million in Q4 2019, a rise of 31% compared to the year before. Jeffrey Hilzinger, president and chief executive officer at Marlin, explained: “Marlin concluded 2019 with strong performance in the fourth quarter highlighted by record origination volume, disciplined expense management and excellent earnings growth. “Total origination volume of $236.5 million increased 9.3% year-over-year, driven by increasing customer demand for both our equipment finance and working capital loan products, as well as solid growth in our direct origination channel.”

Asia Pacific

Identifying growth opportunities in Islamic finance

Feb 08, 2019

Islamic finance is available in 56 countries through 1,389 sharia-compliant companies that have total assets under management (AUM) of $2.4 trillion, according to a 2018 study from Thomson Reuters. In 2017, the market grew 11% and while recent expansion has been slower in core markets, such as the Gulf and south-east Asia, future trends are significantly rosier.