TSB and Vocalink announce new partnership to combat payment fraud

Retail and commercial bank TSB is implementing a new security solution to combat payment fraud. The bank is launching ‘confirmation of payee’ for its customers in partnership with payment systems provider Vocalink. The enhanced layer of security helps prevent banks’ digital customers from sending money to the wrong bank account or falling victim to payment fraud.

TSB and Vocalink announce new partnership to combat payment fraud

Oct 11, 2019

Retail and commercial bank TSB is implementing a new security solution to combat payment fraud. The bank is launching ‘confirmation of payee’ for its customers in partnership with payment systems provider Vocalink. The enhanced layer of security helps prevent banks’ digital customers from sending money to the wrong bank account or falling victim to payment fraud.

IDS acquired by software focused private equity company Thoma Bravo

IDS, the global provider of asset finance software solutions, has been acquired by Thoma Bravo, a software-focused private equity investment firm. Thoma Bravo takes over majority ownership from current investor SV Investment Partners. The new partnership is intended to accelerate growth plans at the software provider, including expansion of cloud-based services and its other core products. Thoma Bravo will partner with the existing IDS management team on strategic growth plans and product development.

IDS acquired by software focused private equity company Thoma Bravo

Oct 08, 2019

IDS, the global provider of asset finance software solutions, has been acquired by Thoma Bravo, a software-focused private equity investment firm. Thoma Bravo takes over majority ownership from current investor SV Investment Partners. The new partnership is intended to accelerate growth plans at the software provider, including expansion of cloud-based services and its other core products. Thoma Bravo will partner with the existing IDS management team on strategic growth plans and product development.

Bynx enhances user experience with latest software release

Software solutions provider Bynx has released the latest version of its flagship fleet and mobility management package. The latest update (Version 12.10) includes new features focusing on the importance of user experience, such as improved design, advanced compliance with World Harmonised Light Vehicle Test Procedure (WLTP), enhanced remarketing functionality, in-built inspections, carpooling capability, broker apps and updated reports. Gary Jefferies, sales and marketing director at Bynx, said: “Alongside fortifying Bynx in terms of its mobility management capability, we are focused on the end-user experience in this release.

Bynx enhances user experience with latest software release

Oct 07, 2019

Software solutions provider Bynx has released the latest version of its flagship fleet and mobility management package. The latest update (Version 12.10) includes new features focusing on the importance of user experience, such as improved design, advanced compliance with World Harmonised Light Vehicle Test Procedure (WLTP), enhanced remarketing functionality, in-built inspections, carpooling capability, broker apps and updated reports. Gary Jefferies, sales and marketing director at Bynx, said: “Alongside fortifying Bynx in terms of its mobility management capability, we are focused on the end-user experience in this release.

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.

Soft4Leasing plans next stage of global expansion

In 2003, a number of Scandinavian banks had broken into the Lithuanian market and were seeking well-built software to manage their leasing business. In response, a team of co-founders established the software provider Softera Baltic. With more than 15 years of experience in the IT industry and enterprise resource planning (ERP), the founders recognised the need for end-to-end leasing software that managed the complex range of assets that banks finance for their clients – ranging from vehicles and equipment to property and other assets. The result was Soft4Leasing and since its launch, the company has expanded to become a global software provider, delivering is software through partners throughout Europe, North America, Asia, Australasia, the Middle East and Africa.

Soft4Leasing plans next stage of global expansion

Oct 02, 2019

In 2003, a number of Scandinavian banks had broken into the Lithuanian market and were seeking well-built software to manage their leasing business. In response, a team of co-founders established the software provider Softera Baltic. With more than 15 years of experience in the IT industry and enterprise resource planning (ERP), the founders recognised the need for end-to-end leasing software that managed the complex range of assets that banks finance for their clients – ranging from vehicles and equipment to property and other assets. The result was Soft4Leasing and since its launch, the company has expanded to become a global software provider, delivering is software through partners throughout Europe, North America, Asia, Australasia, the Middle East and Africa.

IRIS Software Group builds international capabilities with acquisition of Innervision

IRIS Software Group has acquired Innervision, a global provider of lease accounting software, lease management consultancy and services. The deal is the latest stage in IRIS Software Group’s global expansion and is its fourth acquisition during 2019. Since July 2013, IRIS Software Group has brought 19 companies into the group from sectors including accountancy, payroll, human resources, business accounting and education.

IRIS Software Group builds international capabilities with acquisition of Innervision

Sep 16, 2019

IRIS Software Group has acquired Innervision, a global provider of lease accounting software, lease management consultancy and services. The deal is the latest stage in IRIS Software Group’s global expansion and is its fourth acquisition during 2019. Since July 2013, IRIS Software Group has brought 19 companies into the group from sectors including accountancy, payroll, human resources, business accounting and education.

Visma Finance chooses Tieto’s platform for factoring

The new finance arm of Enterprise Resource Planning (ERP) provider Visma has chosen Tieto's platform ProFinance to offer factoring to its Swedish SME customers. The platform will provide Visma Finance with a modular automated platform to improve operational efficiency and user experience. The Visma group consists of more than 200 companies across 16 countries worldwide. The structure allows the business to remain close to local markets while sharing expertise globally as it delivers software that simplifies and digitises key business processes in the private and public sector.

Visma Finance chooses Tieto’s platform for factoring

Sep 13, 2019

The new finance arm of Enterprise Resource Planning (ERP) provider Visma has chosen Tieto's platform ProFinance to offer factoring to its Swedish SME customers. The platform will provide Visma Finance with a modular automated platform to improve operational efficiency and user experience. The Visma group consists of more than 200 companies across 16 countries worldwide. The structure allows the business to remain close to local markets while sharing expertise globally as it delivers software that simplifies and digitises key business processes in the private and public sector.

Electric aircraft development is slowly taking off

The fledgling manned electric aircraft industry is in need of patient investors and asset financing as companies start on the road to developing new technology, according to IDTechEx. The emerging technology research company said those companies that have started off with simple applications are seeing some success with Bye Aerospace attracting $165 million in business in one year. Another company, Ampaire has advanced electric aircraft technology available but it has started with a relatively straightforward replacement of one engine in a small Cessna propellor plane to create hybrid electric versions. Raghu Das, IDTechEx chief executive, said the pure electric aviation industry needs patient investors as it will take time for larger commercial applications.

Electric aircraft development is slowly taking off

Aug 22, 2019

The fledgling manned electric aircraft industry is in need of patient investors and asset financing as companies start on the road to developing new technology, according to IDTechEx. The emerging technology research company said those companies that have started off with simple applications are seeing some success with Bye Aerospace attracting $165 million in business in one year. Another company, Ampaire has advanced electric aircraft technology available but it has started with a relatively straightforward replacement of one engine in a small Cessna propellor plane to create hybrid electric versions. Raghu Das, IDTechEx chief executive, said the pure electric aviation industry needs patient investors as it will take time for larger commercial applications.

High Street banks at the bottom of the pack for convenience for young people

A survey of Generation Z people in the UK has revealed that tech-based brands are three times more popular than traditional banks when it comes down to who they think will be looking after their finances in the future. Generation Z are the people born between the late 1990s and early 2000s and while it may sound obvious that younger people will be more tech-focussed, it highlights how much work the High Street banks need to do to play catch up. The survey was of a nationally representative sample of 2,051 under 25-year olds in the UK commissioned by IT company ThoughtWorks in June. At a time when the majority of Britons prefer to shop online, ThoughtWorks asked its panel of under 25 year-olds which type of companies they thought would offer them the most advanced, real-time services that would make money management a simple and easy everyday task.

High Street banks at the bottom of the pack for convenience for young people

Aug 21, 2019

A survey of Generation Z people in the UK has revealed that tech-based brands are three times more popular than traditional banks when it comes down to who they think will be looking after their finances in the future. Generation Z are the people born between the late 1990s and early 2000s and while it may sound obvious that younger people will be more tech-focussed, it highlights how much work the High Street banks need to do to play catch up. The survey was of a nationally representative sample of 2,051 under 25-year olds in the UK commissioned by IT company ThoughtWorks in June. At a time when the majority of Britons prefer to shop online, ThoughtWorks asked its panel of under 25 year-olds which type of companies they thought would offer them the most advanced, real-time services that would make money management a simple and easy everyday task.

Uber partners with Fair.com to reward drivers with payment discounts

Uber Technologies has expanded its rewards programme for US drivers so they can earn up to $40 a month in credits to redeem against Fair.com vehicle payments. Drivers can increase their Fair credit based on their Uber Pro tier: partner, gold, platinum and diamond. Gold equates to $10 in Fair Credits, Platinum is $20 and Diamond is $40. In order to qualify for Uber Pro, drivers must maintain a rating of 4.85 or above.

Uber partners with Fair.com to reward drivers with payment discounts

Aug 21, 2019

Uber Technologies has expanded its rewards programme for US drivers so they can earn up to $40 a month in credits to redeem against Fair.com vehicle payments. Drivers can increase their Fair credit based on their Uber Pro tier: partner, gold, platinum and diamond. Gold equates to $10 in Fair Credits, Platinum is $20 and Diamond is $40. In order to qualify for Uber Pro, drivers must maintain a rating of 4.85 or above.

Allegiance Financial Group upgrades to InfoLease 10 with IDS

Allegiance Financial Group (AFG), the equipment finance specialist, has continued its partnership with IDS to upgrade to its latest InfoLease 10 portfolio management tool. IDS InfoLease is a cloud-based portfolio management platform that supports contract structures, including tax and non-tax leases, leveraged leases, loans, conditional sales contracts, floating rate and revolving accounts. Allegiance has been working with IDS since 2003 and so the business was already familiar with the InfoLease platform.

Allegiance Financial Group upgrades to InfoLease 10 with IDS

Aug 21, 2019

Allegiance Financial Group (AFG), the equipment finance specialist, has continued its partnership with IDS to upgrade to its latest InfoLease 10 portfolio management tool. IDS InfoLease is a cloud-based portfolio management platform that supports contract structures, including tax and non-tax leases, leveraged leases, loans, conditional sales contracts, floating rate and revolving accounts. Allegiance has been working with IDS since 2003 and so the business was already familiar with the InfoLease platform.

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.