Auto finance companies asked ‘why compete if you don’t have to?’

Auto finance companies need to ‘aim for the blue ocean’ when it comes to establishing their future strategy, to develop uncontested market space. Instead of fighting an increasingly costly battle for market share in current markets, more effort should be focused on identifying and servicing new business areas. Tim Porter, managing director of Lex Autolease, the UK’s biggest vehicle leasing company, said the industry could learn from leading professors at INSEAD business school. He made the comments during a presentation to delegates at the International Auto Finance Network Conference, in London. You can watch key points from his presentation below in a video presentation provided courtesy of White Clarke Group.

Auto finance companies asked ‘why compete if you don’t have to?’

Jul 27, 2017

Auto finance companies need to ‘aim for the blue ocean’ when it comes to establishing their future strategy, to develop uncontested market space. Instead of fighting an increasingly costly battle for market share in current markets, more effort should be focused on identifying and servicing new business areas. Tim Porter, managing director of Lex Autolease, the UK’s biggest vehicle leasing company, said the industry could learn from leading professors at INSEAD business school. He made the comments during a presentation to delegates at the International Auto Finance Network Conference, in London. You can watch key points from his presentation below in a video presentation provided courtesy of White Clarke Group.

Mobile technology leads fight against finance fraud

A new mobile technology has been designed to halt sophisticated digital identity fraud by going beyond passwords.

Mobile technology leads fight against finance fraud

Jul 27, 2017

A new mobile technology has been designed to halt sophisticated digital identity fraud by going beyond passwords.

UK clean air drive could boost asset finance demand

A UK government drive to end the sale of conventional petrol and diesel cars and vans by 2040 will require billions of pounds in manufacturing and infrastructure investment that could lead to greater demand for asset finance.

UK clean air drive could boost asset finance demand

Jul 27, 2017

A UK government drive to end the sale of conventional petrol and diesel cars and vans by 2040 will require billions of pounds in manufacturing and infrastructure investment that could lead to greater demand for asset finance.

New conduct rules proposed for UK financial sector

The UK’s Financial Conduct Authority (FCA) has published proposals to extend the senior managers and certification regime to all financial services sectors. The new regime will effectively replace the approved persons regime, with the intention of reducing harm to consumers and strengthening market integrity by making individuals more accountable for their conduct and competence.

New conduct rules proposed for UK financial sector

Jul 27, 2017

The UK’s Financial Conduct Authority (FCA) has published proposals to extend the senior managers and certification regime to all financial services sectors. The new regime will effectively replace the approved persons regime, with the intention of reducing harm to consumers and strengthening market integrity by making individuals more accountable for their conduct and competence.

Industry leaders join Leasing Foundation board

Eight new board directors have been appointed to the Leasing Foundation to drive a change in how the organisation supports the leasing and asset finance industry and UK businesses.

Industry leaders join Leasing Foundation board

Jul 27, 2017

Eight new board directors have been appointed to the Leasing Foundation to drive a change in how the organisation supports the leasing and asset finance industry and UK businesses.

Thousands of finance leads wasted, research finds

Vehicle dealers are missing online sales opportunities by failing to engage with potential customers who abandon their enquiry part way through the data collection or application process.

Thousands of finance leads wasted, research finds

Jul 27, 2017

Vehicle dealers are missing online sales opportunities by failing to engage with potential customers who abandon their enquiry part way through the data collection or application process.

Nick Ockwell joins White Clarke Group to drive US growth

White Clarke Group, the global provider of loan origination and servicing software solutions, has appointed Nick Ockwell as executive vice president of operations for the Americas.

Nick Ockwell joins White Clarke Group to drive US growth

Jul 26, 2017

White Clarke Group, the global provider of loan origination and servicing software solutions, has appointed Nick Ockwell as executive vice president of operations for the Americas.

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Bank of England changes tone on car finance

In a speech this week, Alex Brazier, executive director of financial stability at the Bank of England, and a member of the Bank’s Financial Policy Committee, set out a list of facts about the car finance market.

Bank of England changes tone on car finance

Jul 26, 2017

In a speech this week, Alex Brazier, executive director of financial stability at the Bank of England, and a member of the Bank’s Financial Policy Committee, set out a list of facts about the car finance market.

Wesleyan Bank targets SMEs with £50m asset finance initiative

Wesleyan Bank has launched an asset finance funding initiative as part of its drive to help small and medium sized UK firms grow and compete against larger, more established competitors.

Wesleyan Bank targets SMEs with £50m asset finance initiative

Jul 26, 2017

Wesleyan Bank has launched an asset finance funding initiative as part of its drive to help small and medium sized UK firms grow and compete against larger, more established competitors.

Bibby forecasts strong H2 following 50% leap in prospects

Bibby Financial Services (BFS) in America is forecasting a strong second half of 2017 after seeing increases in funding lines provided across all business segments and successful client retention in the first half of the year.

Bibby forecasts strong H2 following 50% leap in prospects

Jul 21, 2017

Bibby Financial Services (BFS) in America is forecasting a strong second half of 2017 after seeing increases in funding lines provided across all business segments and successful client retention in the first half of the year.

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Amicus Commercial Finance funds growth for Star Wars logistics company

Amicus Commercial Finance has agreed an invoice discounting package with global logistics company DMS International. DMS International is based out of three strategic locations, with two around the main London airports of Heathrow and Gatwick and another in Los Angeles. Its services include supply chain management, warehousing, fulfillment, distribution and global transportation.

Amicus Commercial Finance funds growth for Star Wars logistics company

Jul 21, 2017

Amicus Commercial Finance has agreed an invoice discounting package with global logistics company DMS International. DMS International is based out of three strategic locations, with two around the main London airports of Heathrow and Gatwick and another in Los Angeles. Its services include supply chain management, warehousing, fulfillment, distribution and global transportation.

Nordea steps into sustainable finance market with green bond

Nordea has issued its first-ever green bond, worth €500 million, which commits to use funds to invest in supporting environmentally-friendly projects.

Nordea steps into sustainable finance market with green bond

Jul 20, 2017

Nordea has issued its first-ever green bond, worth €500 million, which commits to use funds to invest in supporting environmentally-friendly projects.

Key Equipment Finance funds major solar energy scheme

Key Equipment Finance, one of the USA’s largest bank-held equipment finance companies, has provided financing for 16 community solar projects across Massachusetts.

Key Equipment Finance funds major solar energy scheme

Jul 20, 2017

Key Equipment Finance, one of the USA’s largest bank-held equipment finance companies, has provided financing for 16 community solar projects across Massachusetts.

Auto finance industry ‘will miss GDPR compliance deadline’

Most companies will not be compliant by next year’s deadline for the EU General Data Protection Regulation (GDPR) because of the complexities involved in adapting to new standards, an industry expert has warned.

Auto finance industry ‘will miss GDPR compliance deadline’

Jul 19, 2017

Most companies will not be compliant by next year’s deadline for the EU General Data Protection Regulation (GDPR) because of the complexities involved in adapting to new standards, an industry expert has warned.

Manheim acquisition in Brazil to drive regional growth

Global vehicle remarketing company Manheim has acquired Pacto São Paulo in Brazil as part of a regional development plan.

Manheim acquisition in Brazil to drive regional growth

Jul 19, 2017

Global vehicle remarketing company Manheim has acquired Pacto São Paulo in Brazil as part of a regional development plan.

British Business Bank builds SME awareness of new finance choices

The British Business Bank has increased its total business funding to £9.2 billion and helped create a more diverse finance market for SMEs, its annual report reveals.

British Business Bank builds SME awareness of new finance choices

Jul 19, 2017

The British Business Bank has increased its total business funding to £9.2 billion and helped create a more diverse finance market for SMEs, its annual report reveals.

EIB and Santander help Spanish business growth

The European Investment Bank (EIB) and Banco Santander have signed two agreements to provide financing for Spanish SMEs and help develop investment in renewable energy.

EIB and Santander help Spanish business growth

Jul 19, 2017

The European Investment Bank (EIB) and Banco Santander have signed two agreements to provide financing for Spanish SMEs and help develop investment in renewable energy.

Lessor chooses suppliers as it launches aviation leasing business

Tibet Financial Leasing has signed Memorandums of Understanding with Boeing and Airbus for new air...

Green assets to drive future fleet investment

More than half of UK fleets have introduced alternative fuels or plan to do so in the next three y...

Dianrong acquires asset-origination operations of Quark Finance

Fintech lender Dianrong has acquired Quark Finance’s asset-origination operations to expand its ex...

Adapting finance for the 21st century

For millions of people around the country, it is our contactless cards we reach for to pick up a c...