VGroup International rolls out automation to improve service for leasing companies

VGroup International is introducing new automation features to its online vehicle accessory ordering platform to drive efficiencies for its leasing industry customers. The company has made changes to its vLink online platform by fully automating the ordering of accessories at the time a vehicle order is placed. Until now contract hire and leasing companies would order vehicles via the appropriate supplying dealer. The dealer would then separately - following receipt of an accessory order sometimes received manually - order accessories such as number plates, car mats and other items requested by fleets that might include boot protectors, safety kits, first aid kits, travel kits and weather-related kits as well as ‘welcome’ and driver information packs, which could result in errors being made.

VGroup International rolls out automation to improve service for leasing companies

Aug 17, 2019

VGroup International is introducing new automation features to its online vehicle accessory ordering platform to drive efficiencies for its leasing industry customers. The company has made changes to its vLink online platform by fully automating the ordering of accessories at the time a vehicle order is placed. Until now contract hire and leasing companies would order vehicles via the appropriate supplying dealer. The dealer would then separately - following receipt of an accessory order sometimes received manually - order accessories such as number plates, car mats and other items requested by fleets that might include boot protectors, safety kits, first aid kits, travel kits and weather-related kits as well as ‘welcome’ and driver information packs, which could result in errors being made.

Unicaja Banco signs strategic partnership with Ebury Partners

Unicaja Banco, Spain’s seventh largest bank, has signed up to Ebury’s global transaction banking platform. The deal will see Unicaja offer international payments and cash management services to its 400,000 SME customers and three million retail customers. Unicaja’s customers can now make international payments in more than 100 currencies, collect over 40 currencies across Europe, APAC, Africa and South America. They will also be able to use dedicated currency accounts in over 20 countries and access foreign exchange risk management tools for over 130 currencies through one platform with Ebury.

Unicaja Banco signs strategic partnership with Ebury Partners

Aug 17, 2019

Unicaja Banco, Spain’s seventh largest bank, has signed up to Ebury’s global transaction banking platform. The deal will see Unicaja offer international payments and cash management services to its 400,000 SME customers and three million retail customers. Unicaja’s customers can now make international payments in more than 100 currencies, collect over 40 currencies across Europe, APAC, Africa and South America. They will also be able to use dedicated currency accounts in over 20 countries and access foreign exchange risk management tools for over 130 currencies through one platform with Ebury.

Fleetondemand acquires FleetEurope to expand reach of MaaS services

European fleet mobility technology provider Fleetondemand has acquired vehicle management company FleetEurope for an undisclosed sum. The deal was funded by Fleetondemand’s long-term investment partner BGF, which acquired a minority stake in the technology business following a £5 million investment last year. This acquisition is intended to accelerate growth of Fleetondemand’s Mobility as a Service (MaaS) solutions within the vehicle rental sector by providing its solutions to FleetEurope’s blue-chip client base. The combined business will provide a suite of Mobility-as-a-Service products for national and international customers, including the Mobilleo platform, through which customers can access almost any transport option, via desktop or smartphone app.

Fleetondemand acquires FleetEurope to expand reach of MaaS services

Aug 02, 2019

European fleet mobility technology provider Fleetondemand has acquired vehicle management company FleetEurope for an undisclosed sum. The deal was funded by Fleetondemand’s long-term investment partner BGF, which acquired a minority stake in the technology business following a £5 million investment last year. This acquisition is intended to accelerate growth of Fleetondemand’s Mobility as a Service (MaaS) solutions within the vehicle rental sector by providing its solutions to FleetEurope’s blue-chip client base. The combined business will provide a suite of Mobility-as-a-Service products for national and international customers, including the Mobilleo platform, through which customers can access almost any transport option, via desktop or smartphone app.

NETSOL secures $4 million contract with UK vehicle finance company

NETSOL Technologies has signed a new multi-million-dollar contract with a large independent used vehicle finance company in the UK. The UK contract will include the implementation of NETSOL's NFS Ascent wholesale finance platform and is expected to be worth $4 million. The name of the client is not being made public.

NETSOL secures $4 million contract with UK vehicle finance company

Jul 29, 2019

NETSOL Technologies has signed a new multi-million-dollar contract with a large independent used vehicle finance company in the UK. The UK contract will include the implementation of NETSOL's NFS Ascent wholesale finance platform and is expected to be worth $4 million. The name of the client is not being made public.

Bynx improves vehicle resale processes with major software update

Software provider Bynx has announced the update of its flagship fleet and mobility management platform. Version 12.9 of the platform provides improved design and functionality, improved customer communication and makes it easier to sell vehicles through advanced controls and monitoring functions. In addition, the company has boosted its existing online asset purchasing capability to support online auctions.

Bynx improves vehicle resale processes with major software update

Jul 25, 2019

Software provider Bynx has announced the update of its flagship fleet and mobility management platform. Version 12.9 of the platform provides improved design and functionality, improved customer communication and makes it easier to sell vehicles through advanced controls and monitoring functions. In addition, the company has boosted its existing online asset purchasing capability to support online auctions.

How to succeed in a digital asset finance landscape

The world of asset finance is changing – it’s reinventing itself digitally. It has to do so, as customer expectations for better experiences are increasing while the pressure on operational costs continues to be high. How to compete and win in this ‘brave new’ digital landscape isn’t always straightforward. Innovative new digital technologies now provide asset finance solutions that are quick, simple and seamless, with reduced paperwork, faster delivery of funds and enhanced customer service delivery that is highly personalised. In new research Cloud Lending commissioned Asset Finance International (AFI) to evaluate the role of digital technologies in driving digital transformation. To explore this topic, we developed a qualitative survey of global asset finance professionals who have influence over digital transformation strategy in their organisations.

How to succeed in a digital asset finance landscape

Jul 24, 2019

The world of asset finance is changing – it’s reinventing itself digitally. It has to do so, as customer expectations for better experiences are increasing while the pressure on operational costs continues to be high. How to compete and win in this ‘brave new’ digital landscape isn’t always straightforward. Innovative new digital technologies now provide asset finance solutions that are quick, simple and seamless, with reduced paperwork, faster delivery of funds and enhanced customer service delivery that is highly personalised. In new research Cloud Lending commissioned Asset Finance International (AFI) to evaluate the role of digital technologies in driving digital transformation. To explore this topic, we developed a qualitative survey of global asset finance professionals who have influence over digital transformation strategy in their organisations.

Software to play critical role in managing complex automotive landscape

Software will play a key role in managing the increasing complex European leasing, finance, fleet and mobility markets as the travel requirements of fleet and private customers converge, according to industry experts. Amid growth in private leasing and value-added services, leasing companies are having to serve their traditional business-to-business (B2B) customer base alongside a growing business-to-consumer (B2C) market, while also managing growth of hybrid schemes, such as business-to-business-to-employee (B2B2E) services, which include mobility budgets that can cover private and business travel. In addition, customers are demanding more flexible services, with requirements ranging from vehicle hire by the hour to long-term leases.

Software to play critical role in managing complex automotive landscape

Jul 23, 2019

Software will play a key role in managing the increasing complex European leasing, finance, fleet and mobility markets as the travel requirements of fleet and private customers converge, according to industry experts. Amid growth in private leasing and value-added services, leasing companies are having to serve their traditional business-to-business (B2B) customer base alongside a growing business-to-consumer (B2C) market, while also managing growth of hybrid schemes, such as business-to-business-to-employee (B2B2E) services, which include mobility budgets that can cover private and business travel. In addition, customers are demanding more flexible services, with requirements ranging from vehicle hire by the hour to long-term leases.

NETSOL completes acquisition of Virtual Lease Services

Software solutions provider NETSOL Technologies has completed its acquisition of portfolio and risk management service company Virtual Lease Services (VLS). NETSOL has acquired the final 49% of the business after initially investing in a 51% stake in 2011, as part of a joint venture with banking and asset management group, Investec. VLS is a UK-based portfolio and risk management servicing partner for a range of business and consumer finance providers in the industry. It provides a back-office solution supporting complex, middle and large ticket leases, SME instalment credit, and consumer loans, with nearly £500 million receivables under management.

NETSOL completes acquisition of Virtual Lease Services

Jul 12, 2019

Software solutions provider NETSOL Technologies has completed its acquisition of portfolio and risk management service company Virtual Lease Services (VLS). NETSOL has acquired the final 49% of the business after initially investing in a 51% stake in 2011, as part of a joint venture with banking and asset management group, Investec. VLS is a UK-based portfolio and risk management servicing partner for a range of business and consumer finance providers in the industry. It provides a back-office solution supporting complex, middle and large ticket leases, SME instalment credit, and consumer loans, with nearly £500 million receivables under management.

Charity Bank replaces legacy core banking system with Apak Group software

Ethical banking organisation Charity Bank has announced a new partnership with financial software provider Apak Group to implement its Aurius platform. The system will replace Charity Bank’s legacy core banking system and will go live before the end of 2019. Aurius is a banking platform that also manages online applications for accounts and provides an in-built workflow management system to streamline processes.

Charity Bank replaces legacy core banking system with Apak Group software

Jul 15, 2019

Ethical banking organisation Charity Bank has announced a new partnership with financial software provider Apak Group to implement its Aurius platform. The system will replace Charity Bank’s legacy core banking system and will go live before the end of 2019. Aurius is a banking platform that also manages online applications for accounts and provides an in-built workflow management system to streamline processes.

IDS asset finance technology supports customer service development at Diversified Financial Services

US equipment finance provider Diversified Financial Services (DFS) has introduced two asset finance solutions from global technology provider IDS to support business growth. DFS selected the IDS InfoLease portfolio management system and the IDS Rapport origination platform. Headquartered in Nebraska, DFS provides retail financing, leasing, and insurance programs for the agricultural industry.

IDS asset finance technology supports customer service development at Diversified Financial Services

Jul 02, 2019

US equipment finance provider Diversified Financial Services (DFS) has introduced two asset finance solutions from global technology provider IDS to support business growth. DFS selected the IDS InfoLease portfolio management system and the IDS Rapport origination platform. Headquartered in Nebraska, DFS provides retail financing, leasing, and insurance programs for the agricultural industry.

US car-buying platform Roadster expands into UK

Roadster, the US e-commerce solutions provider for dealerships, has expanded into the UK market, with pilot programmes already underway with dealers. Asset Finance International's Miles Rogerson spoke to Rob Abrahams, UK lead for Roadster, to find out more about the company’s expansion plans and how it took inspiration from the fashion industry for its development.

US car-buying platform Roadster expands into UK

Jun 12, 2019

Roadster, the US e-commerce solutions provider for dealerships, has expanded into the UK market, with pilot programmes already underway with dealers. Asset Finance International's Miles Rogerson spoke to Rob Abrahams, UK lead for Roadster, to find out more about the company’s expansion plans and how it took inspiration from the fashion industry for its development.

Chinese consumers embrace technology to power finance boom

Technologies that offer immediate access to buy-now-pay-later services are leading to a boom in demand for consumer finance in China as buyers maximise their spending power. For example, Wang Qianqian, a high school administrator in Shanghai, earns CHY6,000 ($871) a month, but still owns the new iPhone XS, which retails at around $1,000. Qianqian is a regular user of Huabei, a consumer credit service, that is spreading the cost of the phone over 24 monthly instalments. Qianqian’s views on borrowing reflect the changing attitudes of Chinese consumers: “Borrowing money is no longer a matter of survival but the financial awareness to enjoy life in advance. If you can get a loan, just get it."

Chinese consumers embrace technology to power finance boom

Jun 10, 2019

Technologies that offer immediate access to buy-now-pay-later services are leading to a boom in demand for consumer finance in China as buyers maximise their spending power. For example, Wang Qianqian, a high school administrator in Shanghai, earns CHY6,000 ($871) a month, but still owns the new iPhone XS, which retails at around $1,000. Qianqian is a regular user of Huabei, a consumer credit service, that is spreading the cost of the phone over 24 monthly instalments. Qianqian’s views on borrowing reflect the changing attitudes of Chinese consumers: “Borrowing money is no longer a matter of survival but the financial awareness to enjoy life in advance. If you can get a loan, just get it."

NFS Ascent Goes Live in Japan

Global finance software solutions provider NETSOL Technologies has implemented its NFS Ascent wholesale finance system in Japan for a leading German auto captive. The launch marks the seventh country where it has successfully deployed the next-generation NFS Ascent system as part of a $110 Million, 12-country contract, originally signed in 2015. The contract includes implementations, licenses, maintenance, services and expected customisation fees for the deployment, which represents the largest contract in NETSOL’s history.

NFS Ascent Goes Live in Japan

May 21, 2019

Global finance software solutions provider NETSOL Technologies has implemented its NFS Ascent wholesale finance system in Japan for a leading German auto captive. The launch marks the seventh country where it has successfully deployed the next-generation NFS Ascent system as part of a $110 Million, 12-country contract, originally signed in 2015. The contract includes implementations, licenses, maintenance, services and expected customisation fees for the deployment, which represents the largest contract in NETSOL’s history.

NVM Private Equity invests £2.2m in Quotevine

Quotevine, the provider of Software-as-a-Service solutions for the asset and automotive finance industries, has received £2.2 million in funding from private-equity firm, NVM. The UK based investors’ backing of Quotevine will support UK growth over the next three years and will be used to invest in developer and operations workforces as it expands. Quotevine helps asset and automotive finance companies modernise operations and create opportunities from disruptive technologies such as the Internet of Things and artificial intelligence.

NVM Private Equity invests £2.2m in Quotevine

May 16, 2019

Quotevine, the provider of Software-as-a-Service solutions for the asset and automotive finance industries, has received £2.2 million in funding from private-equity firm, NVM. The UK based investors’ backing of Quotevine will support UK growth over the next three years and will be used to invest in developer and operations workforces as it expands. Quotevine helps asset and automotive finance companies modernise operations and create opportunities from disruptive technologies such as the Internet of Things and artificial intelligence.