Roland Meyer appointed new CEO of LeasePlan Germany

Roland Meyer has been appointed as the new chief executive officer of LeasePlan Germany. He takes over from Patrick Vierveijzer, who is leaving the company after 18 years. Meyer joined LeasePlan Germany in January as commercial director.

Roland Meyer appointed new CEO of LeasePlan Germany

May 25, 2018

Roland Meyer has been appointed as the new chief executive officer of LeasePlan Germany. He takes over from Patrick Vierveijzer, who is leaving the company after 18 years. Meyer joined LeasePlan Germany in January as commercial director.

CLFP Foundation adds new members after academies at US Bank Equipment Finance and LeaseQ

The Certified Lease & Finance Professional (CLFP) Foundation board of directors has approved 38 new members. The professionals will now be able to use the designation, with the majority qualifying after internally hosted academies held at US Bank Equipment Finance and LeaseQ.

CLFP Foundation adds new members after academies at US Bank Equipment Finance and LeaseQ

May 25, 2018

The Certified Lease & Finance Professional (CLFP) Foundation board of directors has approved 38 new members. The professionals will now be able to use the designation, with the majority qualifying after internally hosted academies held at US Bank Equipment Finance and LeaseQ.

FIBA appoints Liz Syms and Andrea Juniper

The Financial Intermediary & Broker Association (FIBA) has appointed two new members to its executive committee. Liz Syms, CEO of Connect for Intermediaries (pictured above), and Andrea Juniper, director of Only Bridging, have joined the new body, which builds on the foundations created by the Association of Bridging Professionals (AOBP) and aims to attract support from intermediaries and lenders across the lending spectrum.

FIBA appoints Liz Syms and Andrea Juniper

May 25, 2018

The Financial Intermediary & Broker Association (FIBA) has appointed two new members to its executive committee. Liz Syms, CEO of Connect for Intermediaries (pictured above), and Andrea Juniper, director of Only Bridging, have joined the new body, which builds on the foundations created by the Association of Bridging Professionals (AOBP) and aims to attract support from intermediaries and lenders across the lending spectrum.

Unleash the Iron Man in your auto finance customer service team

Artificial intelligence can be used to act as a ‘virtual Iron Man’ for finance companies, augmenting customer service teams allowing them to get back to human tasks. Robert Downey Jr. is empowered by the iconic suit’s J.A.R.V.I.S AI system to become a fan favourite superhero but AI can also be used to have the same impact within business, according to Benji Stone, customer success lead at DigitalGenius. Stone said: “You can either have AI trying to replace your staff, and trying to completely take away the human work, or you can have the AI trying to augment your staff, trying to aid your staff and make them more efficient.

Unleash the Iron Man in your auto finance customer service team

May 17, 2018

Artificial intelligence can be used to act as a ‘virtual Iron Man’ for finance companies, augmenting customer service teams allowing them to get back to human tasks. Robert Downey Jr. is empowered by the iconic suit’s J.A.R.V.I.S AI system to become a fan favourite superhero but AI can also be used to have the same impact within business, according to Benji Stone, customer success lead at DigitalGenius. Stone said: “You can either have AI trying to replace your staff, and trying to completely take away the human work, or you can have the AI trying to augment your staff, trying to aid your staff and make them more efficient.

 
 

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BVRLA prepares to appoint Nina Bell as first-ever female chairman

The British Vehicle Rental and Leasing Association will appoint Nina Bell as its first-ever female chairman next year. Bell, the managing director of Avis Budget UK, has been appointed as the BVRLA’s first female vice-chairman of the committee of management and will spend the next year working with current chairman Matt Dyer before she takes over the position. She will hold the post of chairman for two years, before reverting back to vice-chairman.

BVRLA prepares to appoint Nina Bell as first-ever female chairman

May 25, 2018

The British Vehicle Rental and Leasing Association will appoint Nina Bell as its first-ever female chairman next year. Bell, the managing director of Avis Budget UK, has been appointed as the BVRLA’s first female vice-chairman of the committee of management and will spend the next year working with current chairman Matt Dyer before she takes over the position. She will hold the post of chairman for two years, before reverting back to vice-chairman.

Outsourcing in UK dominated by financial services

Financial services companies accounted for more than half of UK outsourcing contracts in the first quarter of 2018, according to new research. Outsourcing contracts worth £718 million were signed in the UK between January and March, with financial services and retail businesses the most active buyers, according to the Arvato UK Outsourcing Index. The research, compiled by business outsourcing partner Arvato and industry analyst NelsonHall, found that deals worth £363 million were signed in the financial services sector during Q1 2018.

Outsourcing in UK dominated by financial services

May 25, 2018

Financial services companies accounted for more than half of UK outsourcing contracts in the first quarter of 2018, according to new research. Outsourcing contracts worth £718 million were signed in the UK between January and March, with financial services and retail businesses the most active buyers, according to the Arvato UK Outsourcing Index. The research, compiled by business outsourcing partner Arvato and industry analyst NelsonHall, found that deals worth £363 million were signed in the financial services sector during Q1 2018.

Uber teams up with Wheels

Fleet leasing and management company Wheels has announced a partnership with Uber for Business, in a move designed to enable fleets to gain visibility into their ride-hailing activity. Many businesses and fleets use ride-hailing services to help control costs and drive productivity, but these savings are hard to recover if trip details and expenses are not centrally located.

Uber teams up with Wheels

May 24, 2018

Fleet leasing and management company Wheels has announced a partnership with Uber for Business, in a move designed to enable fleets to gain visibility into their ride-hailing activity. Many businesses and fleets use ride-hailing services to help control costs and drive productivity, but these savings are hard to recover if trip details and expenses are not centrally located.

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Self-driving car pilot for Texas

California-based self-driving car company Drive.ai is to pilot a program to bring an on-demand self-driving car service to Frisco, Texas. Working in cooperation with the Frisco Transportation Management Association (TMA), Drive.ai will offer rides to over 10,000 people in self-driving vehicles within a geofenced area covering retail, entertainment, and office space, starting in July.

Self-driving car pilot for Texas

May 24, 2018

California-based self-driving car company Drive.ai is to pilot a program to bring an on-demand self-driving car service to Frisco, Texas. Working in cooperation with the Frisco Transportation Management Association (TMA), Drive.ai will offer rides to over 10,000 people in self-driving vehicles within a geofenced area covering retail, entertainment, and office space, starting in July.

Dealers remain vital as appetite for online auto sales grows

Consumers are becoming increasingly confident about buying a car online, but the vast majority still want to visit a showroom during the process, according to new research. Automotive e-commerce solutions company iVendi found that 87% of consumers feel that visiting a car showroom is an important part of the car buying process, even though 79% would be confident buying online.

Dealers remain vital as appetite for online auto sales grows

May 23, 2018

Consumers are becoming increasingly confident about buying a car online, but the vast majority still want to visit a showroom during the process, according to new research. Automotive e-commerce solutions company iVendi found that 87% of consumers feel that visiting a car showroom is an important part of the car buying process, even though 79% would be confident buying online.

Strong demand for “flexible prime” PCP

A personal contract purchase product launched by Startline Motor Finance to bridge the gap between prime and sub-prime finance is seeing a 50% penetration at some UK franchise dealerships. The “flexible prime” product sits alongside traditional lending offers from prime lenders and is suggested as an alternative source of funding when applications are initially declined. The product offers interest rates and general terms that are similar to prime lenders, rather than resembling a sub-prime product.

Strong demand for “flexible prime” PCP

May 23, 2018

A personal contract purchase product launched by Startline Motor Finance to bridge the gap between prime and sub-prime finance is seeing a 50% penetration at some UK franchise dealerships. The “flexible prime” product sits alongside traditional lending offers from prime lenders and is suggested as an alternative source of funding when applications are initially declined. The product offers interest rates and general terms that are similar to prime lenders, rather than resembling a sub-prime product.

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Opportunities for auto finance as China widens market access

China’s president Xi Jinping has announced a substantial widening of its market access programme that will create growth opportunities for foreign companies, including the auto finance sector. In response to the announcement, the People's Bank of China said it was “losing no time” in translating the measures into reality.

Opportunities for auto finance as China widens market access

May 23, 2018

China’s president Xi Jinping has announced a substantial widening of its market access programme that will create growth opportunities for foreign companies, including the auto finance sector. In response to the announcement, the People's Bank of China said it was “losing no time” in translating the measures into reality.

Volvo launches online test drive bookings through Amazon Prime

Volvo is partnering with Amazon in the UK to offer online test drive booking, with cars delivered directly to customers at home or work. The ground-breaking initiative is available for a limited time for Volvo’s V40 and will be open to Amazon customers in four UK cities – London, Birmingham, Manchester and Edinburgh – on select weekends in June and July. The service will be branded Amazon Prime Now Test Drive, after the Amazon Prime Now same-day delivery service that the online retail giant offers to customers.

Volvo launches online test drive bookings through Amazon Prime

May 23, 2018

Volvo is partnering with Amazon in the UK to offer online test drive booking, with cars delivered directly to customers at home or work. The ground-breaking initiative is available for a limited time for Volvo’s V40 and will be open to Amazon customers in four UK cities – London, Birmingham, Manchester and Edinburgh – on select weekends in June and July. The service will be branded Amazon Prime Now Test Drive, after the Amazon Prime Now same-day delivery service that the online retail giant offers to customers.

BMW Group Financial Services launches US collaboration lab for tech entrepreneurs

BMW Group Financial Services in the US has launched a new program to partner with entrepreneurs, start-ups and small businesses in fintech to develop innovative mobility solutions and products. The BMW Financial Services Collaboration Lab 2018 will be run in partnership with L Marks, the corporate innovation specialists and investment fund. Applications are open to take part in one of five categories: Digitising the customer journey; Data analytics and insights; Building a blockchain strategy; Lease returns and lifecycle management; and a Wildcard category for all other proposals.

BMW Group Financial Services launches US collaboration lab for tech entrepreneurs

May 23, 2018

BMW Group Financial Services in the US has launched a new program to partner with entrepreneurs, start-ups and small businesses in fintech to develop innovative mobility solutions and products. The BMW Financial Services Collaboration Lab 2018 will be run in partnership with L Marks, the corporate innovation specialists and investment fund. Applications are open to take part in one of five categories: Digitising the customer journey; Data analytics and insights; Building a blockchain strategy; Lease returns and lifecycle management; and a Wildcard category for all other proposals.

Open architecture trend accelerates in equipment finance

The movement toward open architecture software systems is accelerating in equipment finance. Companies increasingly prefer open architecture platforms when evaluating systems for planned upgrades or building their own software. The trend has become more evident in recent interactions with equipment lessors and software vendors.

Open architecture trend accelerates in equipment finance

May 23, 2018

The movement toward open architecture software systems is accelerating in equipment finance. Companies increasingly prefer open architecture platforms when evaluating systems for planned upgrades or building their own software. The trend has become more evident in recent interactions with equipment lessors and software vendors.

CIT point-of-sale digital platform wins global award

A point-of-sale platform from US-based CIT that allows business customers to finance their purchases in as little as five minutes has received a major award. The platform has been named Best Small Business Lending Solution by FinTech Breakthrough, an independent organisation that recognises the top companies, technologies and products in the global financial technology market. The FinTech Breakthrough Awards recognise fintech innovators, leaders and visionaries from around the world in a range of categories, including personal finance, lending, payments, investments, regtech, insurtech and other sectors.

CIT point-of-sale digital platform wins global award

May 22, 2018

A point-of-sale platform from US-based CIT that allows business customers to finance their purchases in as little as five minutes has received a major award. The platform has been named Best Small Business Lending Solution by FinTech Breakthrough, an independent organisation that recognises the top companies, technologies and products in the global financial technology market. The FinTech Breakthrough Awards recognise fintech innovators, leaders and visionaries from around the world in a range of categories, including personal finance, lending, payments, investments, regtech, insurtech and other sectors.

Digital transformation powers finance innovation in manufacturing sector

Digital transformation is driving change in manufacturing with equipment financing playing a key role in developments, according to a new report. Research from Siemens Financial Services (SFS) argues that finance has to adapt to the developing needs of the manufacturing sector, as it responds to the fundamental changes brought about by what experts are calling the fourth industrial revolution, or Industry 4.0.

Digital transformation powers finance innovation in manufacturing sector

May 22, 2018

Digital transformation is driving change in manufacturing with equipment financing playing a key role in developments, according to a new report. Research from Siemens Financial Services (SFS) argues that finance has to adapt to the developing needs of the manufacturing sector, as it responds to the fundamental changes brought about by what experts are calling the fourth industrial revolution, or Industry 4.0.

Safeguarding data is vital for sustainable digital financial services

The speed and scale of digitalisation in the financial services sector is contributing to the emergence of new non-financial risks, a new report has revealed. Sustainable Financial Services in the Digital Age, a joint report from UK Finance and Parker Fitzgerald, comes only days before the introduction of the European Union's General Data Privacy Regulation (GDPR) and highlights the need for firms to consider their exposure to risk and operational resilience in today’s digital age.

Safeguarding data is vital for sustainable digital financial services

May 21, 2018

The speed and scale of digitalisation in the financial services sector is contributing to the emergence of new non-financial risks, a new report has revealed. Sustainable Financial Services in the Digital Age, a joint report from UK Finance and Parker Fitzgerald, comes only days before the introduction of the European Union's General Data Privacy Regulation (GDPR) and highlights the need for firms to consider their exposure to risk and operational resilience in today’s digital age.

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Former senior Tesla executive Diarmuid O’Connell joins Fair to lead expansion

Former senior Tesla executive Diarmuid O'Connell has joined used car subscription app Fair as chie...

UK’s Bonfield to be CFO Caterpillar FS

Caterpillar financial services has hired a senior British executive, Andrew Bonfield, to be its ne...

New York dealership launches car subscription service

Keeler Motor Car Company, a New York state auto dealership, has moved into the vehicle subscriptio...

Women’s Leadership Forum fosters increased diversity in equipment finance

The first-ever Women’s Leadership Forum organised by the Equipment Leasing and Financing Associati...