Sell-out at third IAFN conference as top Auto Finance innovation issues are thrashed out

Over 200 delegates joined industry experts for the sell-out the third International Auto Finance Network (IAFN) conference in London to debate the key issues facing the auto finance industry as it goes through a period of major innovation which will see business models alter radically. As Keith Allen, managing director ARI Fleet (pictured above), said in his opening address: “The challenge is how we in fleet leasing embrace technology in a world which is changing rapidly and where the use of smartphones and other mobile technology is moving well ahead in the consumer space.”

Sell-out at third IAFN conference as top Auto Finance innovation issues are thrashed out

May 22, 2015

Over 200 delegates joined industry experts for the sell-out the third International Auto Finance Network (IAFN) conference in London to debate the key issues facing the auto finance industry as it goes through a period of major innovation which will see business models alter radically. As Keith Allen, managing director ARI Fleet (pictured above), said in his opening address: “The challenge is how we in fleet leasing embrace technology in a world which is changing rapidly and where the use of smartphones and other mobile technology is moving well ahead in the consumer space.”


Simon Oliphant assumes chair at UK British Vehicle Rental and Leasing Association

Simon Oliphant (pictured above on right with BVRLA chief executive Gerry Keaney) has been appointed the new chairman of the British Vehicle Rental and Leasing Association (BVRLA). He takes over from Marshall Leasing’s Peter Cakebread, who has stepped down after completing his two-year term.

Simon Oliphant assumes chair at UK British Vehicle Rental and Leasing Association

May 20, 2015

Simon Oliphant (pictured above on right with BVRLA chief executive Gerry Keaney) has been appointed the new chairman of the British Vehicle Rental and Leasing Association (BVRLA). He takes over from Marshall Leasing’s Peter Cakebread, who has stepped down after completing his two-year term.

Pedram Tadayon leads Emric on its expansion road-map

In July 2013 Pedram Tadayon joined Emric as chief executive officer. He joined a well-established software company which, with revenues of €20 million and its headquarters in Stockholm, currently has installations in 24 countries and clients totalling some 60 banks and credit companies. With a network of business operations already extending to Belgrade, Kalix (Northern Sweden) and Jakarta, Indonesia, Tadayon is setting the company on a road-map of expansion and growth.

Pedram Tadayon leads Emric on its expansion road-map

May 19, 2015

In July 2013 Pedram Tadayon joined Emric as chief executive officer. He joined a well-established software company which, with revenues of €20 million and its headquarters in Stockholm, currently has installations in 24 countries and clients totalling some 60 banks and credit companies. With a network of business operations already extending to Belgrade, Kalix (Northern Sweden) and Jakarta, Indonesia, Tadayon is setting the company on a road-map of expansion and growth.

US auto finance steps on the gas

The US auto finance market is moving ahead at full throttle, with outstanding auto loan balances hitting an all-time high of $886 billion at the end of last year, and all the signs are that lending is powering ahead in 2015. This is the conclusion of CHP Consulting’s latest US auto finance market report which takes an in-depth look at the key trends in one of the biggest markets for leasing. Data from Experian Automotive shows that one in four new vehicles are purchased via a lease.

US auto finance steps on the gas

May 19, 2015

The US auto finance market is moving ahead at full throttle, with outstanding auto loan balances hitting an all-time high of $886 billion at the end of last year, and all the signs are that lending is powering ahead in 2015. This is the conclusion of CHP Consulting’s latest US auto finance market report which takes an in-depth look at the key trends in one of the biggest markets for leasing. Data from Experian Automotive shows that one in four new vehicles are purchased via a lease.

Prestige Fleet Servicing set to expand by 30% - including fleet leasing sector

Prestige Fleet Servicing (Prestige), the provider of vehicle servicing, maintenance and repair work to leasing companies, fleet management providers and corporate fleets, is to expand its UK network of independent fleet Service Centres by 30% by the end of 2015. The East Midlands-based operation currently has a network of 230 independent outlets providing low-cost, added-value servicing to fleet operators, including some of the UK’s largest leasing companies.

Prestige Fleet Servicing set to expand by 30% - including fleet leasing sector

May 20, 2015

Prestige Fleet Servicing (Prestige), the provider of vehicle servicing, maintenance and repair work to leasing companies, fleet management providers and corporate fleets, is to expand its UK network of independent fleet Service Centres by 30% by the end of 2015. The East Midlands-based operation currently has a network of 230 independent outlets providing low-cost, added-value servicing to fleet operators, including some of the UK’s largest leasing companies.

LeaseTeam and eOriginal’s new partnership aims for radical step-change in medical, dental and veterinary sectors

LeaseTeam, Inc., a premier solution provider in the equipment and finance marketplace, and eOriginal, Inc., the digital transaction provider, are collaborating to deliver a fully digital transaction management (DTM) solution for OnePlace Capital. OnePlace Capital is an equipment financing company servicing US medical, dental and veterinary practitioners. The joint solution aims to provide OnePlace Capital with increased efficiency and control of their business processes to decrease costs and better serve their vendors.

LeaseTeam and eOriginal’s new partnership aims for radical step-change in medical, dental and veterinary sectors

May 20, 2015

LeaseTeam, Inc., a premier solution provider in the equipment and finance marketplace, and eOriginal, Inc., the digital transaction provider, are collaborating to deliver a fully digital transaction management (DTM) solution for OnePlace Capital. OnePlace Capital is an equipment financing company servicing US medical, dental and veterinary practitioners. The joint solution aims to provide OnePlace Capital with increased efficiency and control of their business processes to decrease costs and better serve their vendors.

Poland’s fleet leasing sector reveals opportunities for new players - and growing pains

In the 1990s many businesses, including the vehicle sector, saw Poland as an investment opportunity – only to pause when confronted by constraints such as the proliferation of red tape and lack of modernisation. However, Paul Gogolinski, CEO of Total Fleet Solutions Poland (pictured), told delegates at the latest conference of the International Auto Finance Network (IAFN) in London that now is the time to renew interest.  “The market is dynamic,” he said, “It’s in pretty fine fettle at the moment, and it’s going to get better.”

Poland’s fleet leasing sector reveals opportunities for new players - and growing pains

May 19, 2015

In the 1990s many businesses, including the vehicle sector, saw Poland as an investment opportunity – only to pause when confronted by constraints such as the proliferation of red tape and lack of modernisation. However, Paul Gogolinski, CEO of Total Fleet Solutions Poland (pictured), told delegates at the latest conference of the International Auto Finance Network (IAFN) in London that now is the time to renew interest.  “The market is dynamic,” he said, “It’s in pretty fine fettle at the moment, and it’s going to get better.”

Captive finance companies forecast to face “normal” levels of operation as headwinds build

Many major US captive finance companies are expected to continue to slowly revert to more normal levels of operation (reducing asset quality and profitability)  driven by higher competitive pressures, moderately eased underwriting standards and higher regulatory and compliance costs. Despite the expectation of continued performance “normalization”, Fitch Ratings sees captives likely maintaining solid performance overall, while continuing to benefit from diversified funding sources and less asset encumbrance relative to pre-2008. These factors, along with continued stable and/or improving financial conditions for parent companies supports the current ratings assigned to US captive finance companies (fincos).

Captive finance companies forecast to face “normal” levels of operation as headwinds build

May 18, 2015

Many major US captive finance companies are expected to continue to slowly revert to more normal levels of operation (reducing asset quality and profitability)  driven by higher competitive pressures, moderately eased underwriting standards and higher regulatory and compliance costs. Despite the expectation of continued performance “normalization”, Fitch Ratings sees captives likely maintaining solid performance overall, while continuing to benefit from diversified funding sources and less asset encumbrance relative to pre-2008. These factors, along with continued stable and/or improving financial conditions for parent companies supports the current ratings assigned to US captive finance companies (fincos).

Experian’s data analytics assess credit affordability for when storm clouds loom

Everyone is aware of Big Data and the principle behind it, but what can vehicle lessors do to make the best use of it? At the recent conference of the International Auto Finance Network (IAFN), Innovation in the Auto Finance Industry: Technology, Big Data and Business Improvement, held in the heart of London’s Docklands financial district, Dr Paul Russell, director of analytical solutions at Experian, brought to the delegates’ attention the value of using predictive data analytics in credit assessment.

Experian’s data analytics assess credit affordability for when storm clouds loom

May 18, 2015

Everyone is aware of Big Data and the principle behind it, but what can vehicle lessors do to make the best use of it? At the recent conference of the International Auto Finance Network (IAFN), Innovation in the Auto Finance Industry: Technology, Big Data and Business Improvement, held in the heart of London’s Docklands financial district, Dr Paul Russell, director of analytical solutions at Experian, brought to the delegates’ attention the value of using predictive data analytics in credit assessment.

White Clarke Group opens new office in Stuttgart, Germany

White Clarke Group has announced the opening of a new office in Stuttgart, Germany.

White Clarke Group opens new office in Stuttgart, Germany

May 19, 2015

White Clarke Group has announced the opening of a new office in Stuttgart, Germany.

 
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Julian Rose explains why Lease Accounting changes are still not a “done deal”

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Macquarie in major transportation acquisition

Macquarie Group has acquired Advantage Funding Management Inc (Advantage Funding) from Marubeni Amer...

 
 
 
 
 
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