Software-as-a-Service provider Quotevine agrees new four-year contract with 1pm plc

Quotevine, the auto, asset and consumer finance platform provider, has agreed a four year renewal for its systems with independent SME finance specialist 1pm plc. The new deal replaces a two-year rolling contract and comes after Quotevine met key targets for its Software-as-a-Service offering. The relationship between the two companies began in 2017, when 1pm plc approached Quotevine to help build a single platform to service various financial products.

Software-as-a-Service provider Quotevine agrees new four-year contract with 1pm plc

Aug 11, 2020

Quotevine, the auto, asset and consumer finance platform provider, has agreed a four year renewal for its systems with independent SME finance specialist 1pm plc. The new deal replaces a two-year rolling contract and comes after Quotevine met key targets for its Software-as-a-Service offering. The relationship between the two companies began in 2017, when 1pm plc approached Quotevine to help build a single platform to service various financial products.

NETSOL supports industry recovery with three major new contracts

NETSOL Technologies, the global provider of IT solutions for the asset finance and leasing industry, has signed three multi-million-dollar contracts as it supports the industry’s recovery from the global Coronavirus pandemic. The contracts will see deployments in the UK and North America. Executives at NETSOL say its recent success reflects its ability to adapt to change and continue to help its customers through challenging times.

NETSOL supports industry recovery with three major new contracts

Aug 10, 2020

NETSOL Technologies, the global provider of IT solutions for the asset finance and leasing industry, has signed three multi-million-dollar contracts as it supports the industry’s recovery from the global Coronavirus pandemic. The contracts will see deployments in the UK and North America. Executives at NETSOL say its recent success reflects its ability to adapt to change and continue to help its customers through challenging times.

Peapack Capital partners with LTi Technology Solutions to fuel equipment finance expansion

Equipment finance software specialist LTi Technology Solutions has deployed its ASPIRE platform with Peapack Capital to drive the finance provider's digital transformation. Using the platform, Peapack Capital has shifted its business applications to the cloud to process transactions quickly, gain real-time insights, and improve operational agility. The move will support ongoing growth at Peapack Capital, which has grown to approximately $700 million in net assets since it was founded in 2017.

Peapack Capital partners with LTi Technology Solutions to fuel equipment finance expansion

Aug 10, 2020

Equipment finance software specialist LTi Technology Solutions has deployed its ASPIRE platform with Peapack Capital to drive the finance provider's digital transformation. Using the platform, Peapack Capital has shifted its business applications to the cloud to process transactions quickly, gain real-time insights, and improve operational agility. The move will support ongoing growth at Peapack Capital, which has grown to approximately $700 million in net assets since it was founded in 2017.

Onguard introduces machine learning to predict payment behaviour

Fintech company Onguard is collaborating on a new service to be launched next year that will use machine learning to predict customer payment behaviour. The new platform will combine historical data from Onguard’s software, external debtor information from business data expert Altares Dun & Bradstreet and a machine-learning based scorecard from Quantforce, based on invoice and payment history. Debtors can be ranked in order of the risk of non-payment, which enables finance companies to introduce planning at an early stage using automated workflows.

Onguard introduces machine learning to predict payment behaviour

Dec 02, 2019

Fintech company Onguard is collaborating on a new service to be launched next year that will use machine learning to predict customer payment behaviour. The new platform will combine historical data from Onguard’s software, external debtor information from business data expert Altares Dun & Bradstreet and a machine-learning based scorecard from Quantforce, based on invoice and payment history. Debtors can be ranked in order of the risk of non-payment, which enables finance companies to introduce planning at an early stage using automated workflows.

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.

New report reveals how green asset finance is creating a new business landscape

As global economies begin the long journey to recovery from the Coronavirus crisis, campaigners are calling for governments to grasp a unique opportunity to launch a green revolution. Lobbyists argue that now is the perfect time to make progress on fundamental changes to the way economies operate, to lock-in improvements for generations to come. The potential opportunities this brings for green asset finance are assessed in a new whitepaper from TietoEVRY, a leading digital services and software company that employs around 24,000 experts globally.

New report reveals how green asset finance is creating a new business landscape

Aug 03, 2020

As global economies begin the long journey to recovery from the Coronavirus crisis, campaigners are calling for governments to grasp a unique opportunity to launch a green revolution. Lobbyists argue that now is the perfect time to make progress on fundamental changes to the way economies operate, to lock-in improvements for generations to come. The potential opportunities this brings for green asset finance are assessed in a new whitepaper from TietoEVRY, a leading digital services and software company that employs around 24,000 experts globally.

New digital payments collections solution primed to support motor finance providers, says PayPoint

Payment solutions provider PayPoint has launched a new product set to ease the collections process for lessors, as the industry enters the FCA’s forbearance extension period running until 31 October. The UK forbearance scheme has seen a great deal of action over the past few months, with all finance companies granting payment freezes to customers in some capacity. PayPoint’s new solution is designed to help businesses collect due or arrears payments, engaging with the customers who may be struggling financially as a result of the pandemic in a responsible manner.

New digital payments collections solution primed to support motor finance providers, says PayPoint

Jul 30, 2020

Payment solutions provider PayPoint has launched a new product set to ease the collections process for lessors, as the industry enters the FCA’s forbearance extension period running until 31 October. The UK forbearance scheme has seen a great deal of action over the past few months, with all finance companies granting payment freezes to customers in some capacity. PayPoint’s new solution is designed to help businesses collect due or arrears payments, engaging with the customers who may be struggling financially as a result of the pandemic in a responsible manner.

As global business volumes plummet, “as-a-service” and digital solutions could lead the way, reveals new report

The latest edition of the quarterly World Leasing Review revealed a common willingness to embrace changing business models, new markets and innovative technology across equipment leasing and finance companies across the world. As the industry – and indeed, the world – faces a COVID-fuelled economic fallout, the report highlighted the importance of forbearance during the initial stages of the lockdown. In the three months up to June this year, forbearance was the sector’s primary focus, with most leasing businesses in France offering three- or six-month rental deferrals, re-amortising the transactions with the same end-date, capitalising interest during the deferral term and issuing revised payment schedules with significantly higher rentals.

As global business volumes plummet, “as-a-service” and digital solutions could lead the way, reveals new report

Jul 23, 2020

The latest edition of the quarterly World Leasing Review revealed a common willingness to embrace changing business models, new markets and innovative technology across equipment leasing and finance companies across the world. As the industry – and indeed, the world – faces a COVID-fuelled economic fallout, the report highlighted the importance of forbearance during the initial stages of the lockdown. In the three months up to June this year, forbearance was the sector’s primary focus, with most leasing businesses in France offering three- or six-month rental deferrals, re-amortising the transactions with the same end-date, capitalising interest during the deferral term and issuing revised payment schedules with significantly higher rentals.

Auto dealers scramble for technology to pull them through mass-furloughing

Auto dealer software provider iVendi has observed that dealership managers are increasingly looking to technology suppliers to help them create the new operational models needed to restart sales while many employees remain furloughed. James Tew (pictured above), chief executive officer of iVendi, said: “People running dealerships have found themselves in a position where they need to design and engineer processes needed to operate reserve-and-collect and home delivery models in, often, a matter of days or weeks. They’ve been trying to achieve this while large numbers of their staff have been furloughed and so have often been forced to look to technology suppliers to help them solve problems. “The big problem to solve, for the majority of dealers, has been lining up online and physical processes. You can set up an online sales process relatively easily but there needs to be real world fulfilment to run in parallel."

Auto dealers scramble for technology to pull them through mass-furloughing

Jul 17, 2020

Auto dealer software provider iVendi has observed that dealership managers are increasingly looking to technology suppliers to help them create the new operational models needed to restart sales while many employees remain furloughed. James Tew (pictured above), chief executive officer of iVendi, said: “People running dealerships have found themselves in a position where they need to design and engineer processes needed to operate reserve-and-collect and home delivery models in, often, a matter of days or weeks. They’ve been trying to achieve this while large numbers of their staff have been furloughed and so have often been forced to look to technology suppliers to help them solve problems. “The big problem to solve, for the majority of dealers, has been lining up online and physical processes. You can set up an online sales process relatively easily but there needs to be real world fulfilment to run in parallel."

Meridian Bank’s new equipment finance subsidiary adopts ASPIRE platform to accelerate growth

Meridian Equipment Finance (Meridian) has announced its decision to integrate a new software platform to provide complete front- and back-end management of its equipment finance portfolio. The platform in question is ASPIRE, from LTi Technology Solutions which provides equipment finance software solutions to streamline the lease and loan transaction lifecycle and scale up the customer’s business. As ever, it remains critical to keep up with the latest technology in the industry, especially given how companies taking the pandemic as an opportunity to invest in digitalization are speculated to come out the other side ahead of the competition. This is the reason that Meridian gave for upgrading its technology to a cloud-based ecosystem such as ASPIRE.

Meridian Bank’s new equipment finance subsidiary adopts ASPIRE platform to accelerate growth

Jul 14, 2020

Meridian Equipment Finance (Meridian) has announced its decision to integrate a new software platform to provide complete front- and back-end management of its equipment finance portfolio. The platform in question is ASPIRE, from LTi Technology Solutions which provides equipment finance software solutions to streamline the lease and loan transaction lifecycle and scale up the customer’s business. As ever, it remains critical to keep up with the latest technology in the industry, especially given how companies taking the pandemic as an opportunity to invest in digitalization are speculated to come out the other side ahead of the competition. This is the reason that Meridian gave for upgrading its technology to a cloud-based ecosystem such as ASPIRE.

Changing modes of expenses and lack of real-time data leave lenders without adequate cashflow control, says Soldo

Some 62% of finance teams are not using real-time data within their finance departments, details a new report from spend management platform Soldo. At a time in the industry when the pandemic has rendered the majority of historical data obsolete, the focus appears to be shifting to the benefits of real-time data in business decision making, predicting profitability and forecasting necessary spending. Taking into account the views of more than 100 finance executives across the UK, the research also found that only 22% of finance departments currently have access to real-time data and 13% expect to implement it this year despite the benefits.

Changing modes of expenses and lack of real-time data leave lenders without adequate cashflow control, says Soldo

Jul 13, 2020

Some 62% of finance teams are not using real-time data within their finance departments, details a new report from spend management platform Soldo. At a time in the industry when the pandemic has rendered the majority of historical data obsolete, the focus appears to be shifting to the benefits of real-time data in business decision making, predicting profitability and forecasting necessary spending. Taking into account the views of more than 100 finance executives across the UK, the research also found that only 22% of finance departments currently have access to real-time data and 13% expect to implement it this year despite the benefits.

Launching in Germany, BNP Paribas 3 Step IT continues it’s global expansion

Circular economy and device-as-a-service solution provider BNP Paribas 3 Step IT, has announced its operational expansion into Germany. The joint venture between 3stepIT and BNP Paribas Leasing Solutions has already expanded to France, Italy and the UK despite only being founded in 2019. Aiming its service at mid-market, enterprise and public sector organisations, the company aims to simplify the acquisition, management and refresh of business technology in a sustainable way by deploying its software that manages the lifecycle of business technology including smartphones, laptops, desktops and servers to entire data centres and complex networks.

Launching in Germany, BNP Paribas 3 Step IT continues it’s global expansion

Jul 13, 2020

Circular economy and device-as-a-service solution provider BNP Paribas 3 Step IT, has announced its operational expansion into Germany. The joint venture between 3stepIT and BNP Paribas Leasing Solutions has already expanded to France, Italy and the UK despite only being founded in 2019. Aiming its service at mid-market, enterprise and public sector organisations, the company aims to simplify the acquisition, management and refresh of business technology in a sustainable way by deploying its software that manages the lifecycle of business technology including smartphones, laptops, desktops and servers to entire data centres and complex networks.

Rabobank invests in Ageras to develop financial services for SMEs

Dutch banking giant Rabobank has invested in online accounting and bookkeeping marketplace Ageras. The bank’s investment arm Rabo Frontier Ventures led the deal. The companies now plan to jointly develop accounting and financial services for the SME market, including integrated banking, credit cards, business accounts and financing. Part of the deal includes Ageras Group acquiring accountancy software provider Tellow.

Rabobank invests in Ageras to develop financial services for SMEs

Jul 08, 2020

Dutch banking giant Rabobank has invested in online accounting and bookkeeping marketplace Ageras. The bank’s investment arm Rabo Frontier Ventures led the deal. The companies now plan to jointly develop accounting and financial services for the SME market, including integrated banking, credit cards, business accounts and financing. Part of the deal includes Ageras Group acquiring accountancy software provider Tellow.

Quotevine launches new loan solution in response to urgent calls for support from SMEs

UK-based fintech cloud solutions provider Quotevine has developed a business process management package to help asset finance brokers respond to the heightened demand in the marketplace. Although High Street banks were able to pump £2 billion into the economy in just 24 hours at the start of the crisis to support big business, it became clear to Quotevine that the volume of applications from SMEs could overwhelm their systems, leading to applications being declined in error or payments delayed.

Quotevine launches new loan solution in response to urgent calls for support from SMEs

Jul 02, 2020

UK-based fintech cloud solutions provider Quotevine has developed a business process management package to help asset finance brokers respond to the heightened demand in the marketplace. Although High Street banks were able to pump £2 billion into the economy in just 24 hours at the start of the crisis to support big business, it became clear to Quotevine that the volume of applications from SMEs could overwhelm their systems, leading to applications being declined in error or payments delayed.

Bynx aims to drive increased productivity & new revenue opportunities for its customers with release 12.12

Bynx has launched release 12.12 of its flagship fleet, leasing and mobility management platform Bynx, which will be available to both existing and new customers as of July 2020. The new version builds on the industry’s drive away from data-centric paradigms to process oriented systems that deliver greater efficiency, productivity, flexibility and superior customer experience.

Bynx aims to drive increased productivity & new revenue opportunities for its customers with release 12.12

Jul 01, 2020

Bynx has launched release 12.12 of its flagship fleet, leasing and mobility management platform Bynx, which will be available to both existing and new customers as of July 2020. The new version builds on the industry’s drive away from data-centric paradigms to process oriented systems that deliver greater efficiency, productivity, flexibility and superior customer experience.