Brexit brings major uncertainties for UK asset and auto finance providers

The UK's vote to leave the EU brings with it great uncertainty for the business world, writes Andy Thompson, Legal and Regulatory Editor of Asset Finance International. It is expected to cause significant shock effects on financial markets and a likely jolt to business confidence across the board.

Brexit brings major uncertainties for UK asset and auto finance providers

Jun 24, 2016

The UK's vote to leave the EU brings with it great uncertainty for the business world, writes Andy Thompson, Legal and Regulatory Editor of Asset Finance International. It is expected to cause significant shock effects on financial markets and a likely jolt to business confidence across the board.

UK lessors: is your post-Brexit plan in place?

With UK voting out in the EU referendum, Autovista Intelligence is urging auto finance companies and others in the sector to plan ahead, warning this could spark weeks of market turmoil. The data analysis specialist, part of EurotaxGlass's Group (ETG), says there are practical steps that automotive companies can take now to protect their new and used car sales while the future direction of the economy becomes clear.

UK lessors: is your post-Brexit plan in place?

Jun 23, 2016

With UK voting out in the EU referendum, Autovista Intelligence is urging auto finance companies and others in the sector to plan ahead, warning this could spark weeks of market turmoil. The data analysis specialist, part of EurotaxGlass's Group (ETG), says there are practical steps that automotive companies can take now to protect their new and used car sales while the future direction of the economy becomes clear.

European Commission to assess new leasing standard

The European Commission has started work on an assessment of whether the new international lease accounting standard, IFRS 16, will be conducive to the European public good, in a move which has been welcomed by Leaseurope, the trade body representing the European leasing and automotive rental industry.

European Commission to assess new leasing standard

Jun 23, 2016

The European Commission has started work on an assessment of whether the new international lease accounting standard, IFRS 16, will be conducive to the European public good, in a move which has been welcomed by Leaseurope, the trade body representing the European leasing and automotive rental industry.

Nick Brownrigg named as new UK CEO of Alphabet

Industry veteran Nick Brownrigg has been named as the new chief executive officer at business mobility and leasing company Alphabet UK, joining on 1 July 2016 from the Dubai-based ALJ Group. He succeeds Richard Schooling, whose appointment to the new role of chief commercial officer for Alphabet International, based in Munich, was announced earlier this week.

Nick Brownrigg named as new UK CEO of Alphabet

Jun 22, 2016

Industry veteran Nick Brownrigg has been named as the new chief executive officer at business mobility and leasing company Alphabet UK, joining on 1 July 2016 from the Dubai-based ALJ Group. He succeeds Richard Schooling, whose appointment to the new role of chief commercial officer for Alphabet International, based in Munich, was announced earlier this week.


Using innovation labs to drive change in manufacturer captives

Important new case study from BMW Financial Services It is just a few months ago that it seemed like finance companies would inevitably lose their businesses to technology savvy new entrants entering our market as disruptors. These new entrants would focus hard on customer needs, understand where the weaknesses are in existing sales models, and use their techy skills to better serve auto finance customers and thereby outcompete the more traditional, slow moving market incumbents. At this May’s International Auto Finance Network conference in London, however, delegates were given a glimpse of a potentially different outcome – one in which tiny fintech start-ups and mighty manufacturer captives could work together to solve problems on the road to a digital auto finance future.

Using innovation labs to drive change in manufacturer captives

Jun 07, 2016

Important new case study from BMW Financial Services It is just a few months ago that it seemed like finance companies would inevitably lose their businesses to technology savvy new entrants entering our market as disruptors. These new entrants would focus hard on customer needs, understand where the weaknesses are in existing sales models, and use their techy skills to better serve auto finance customers and thereby outcompete the more traditional, slow moving market incumbents. At this May’s International Auto Finance Network conference in London, however, delegates were given a glimpse of a potentially different outcome – one in which tiny fintech start-ups and mighty manufacturer captives could work together to solve problems on the road to a digital auto finance future.

International Auto Finance Network Conference, May 2016


Video sponsored by White Clarke Group

Richard Schooling takes new role at Alphabet International

Richard Schooling has been named as the chief commercial officer at business mobility solutions provider Alphabet International, a new position created following a management reorganisation after Ed Frederiks’ retirement at the end of last year. In this newly defined position from 1st May, he will have responsibility for the strategic coordination and development of all 18 Alphabet markets.

Richard Schooling takes new role at Alphabet International

Jun 21, 2016

Richard Schooling has been named as the chief commercial officer at business mobility solutions provider Alphabet International, a new position created following a management reorganisation after Ed Frederiks’ retirement at the end of last year. In this newly defined position from 1st May, he will have responsibility for the strategic coordination and development of all 18 Alphabet markets.

Monoliths, microservices and modularity: some of CHP’s key technology takeaways from Devoxx UK 2016

At CHP Consulting we work in an agile way to develop our asset finance software platform, ALFA Systems, a web application built in Java. We work iteratively, release often, practise continuous integration and test-driven development, and communicate a lot. It’s this way of working that takes us to some of the world’s top technology conferences (in not inconsiderable numbers), such as QCon, JavaOne and most recently Devoxx UK 2016, the Java community conference they like to say is by developers, for developers.

Monoliths, microservices and modularity: some of CHP’s key technology takeaways from Devoxx UK 2016

Jun 16, 2016

At CHP Consulting we work in an agile way to develop our asset finance software platform, ALFA Systems, a web application built in Java. We work iteratively, release often, practise continuous integration and test-driven development, and communicate a lot. It’s this way of working that takes us to some of the world’s top technology conferences (in not inconsiderable numbers), such as QCon, JavaOne and most recently Devoxx UK 2016, the Java community conference they like to say is by developers, for developers.

UK manufacturers in surprise Brexit poll as bankers hunker down for roller-coaster EU Referendum

While polls show the UK’s Brexit vote poised on a knife’s edge, the world's biggest banks including Citi and Goldman Sachs are planning to draft in senior traders to work through the night following the UK’s referendum on European Union (EU) membership – which is predicted to be among the most volatile 24 hours for markets in a quarter of a century.

UK manufacturers in surprise Brexit poll as bankers hunker down for roller-coaster EU Referendum

Jun 15, 2016

While polls show the UK’s Brexit vote poised on a knife’s edge, the world's biggest banks including Citi and Goldman Sachs are planning to draft in senior traders to work through the night following the UK’s referendum on European Union (EU) membership – which is predicted to be among the most volatile 24 hours for markets in a quarter of a century.

Online auto finance: applicant quality “good & improving”

iVendi reports that currently 39% of all online auto finance applicants are approved by prime lenders. CEO James Tew stressed: “the quality of applicants for online auto finance on used vehicles is ‘good and improving’.

Online auto finance: applicant quality “good & improving”

Jun 15, 2016

iVendi reports that currently 39% of all online auto finance applicants are approved by prime lenders. CEO James Tew stressed: “the quality of applicants for online auto finance on used vehicles is ‘good and improving’.

CHP Consulting’s success with “Top Employer and Excellent Company” accolades continue into 2016

CHP Consulting, the global supplier of asset and automotive finance software and consultancy services, has achieved five key awards in the first five months of 2016. Overall, the company has been recognised continually by various influential organisations and publications as an outstanding company in which to work, particularly in the area of graduate recruitment.

CHP Consulting’s success with “Top Employer and Excellent Company” accolades continue into 2016

Jun 14, 2016

CHP Consulting, the global supplier of asset and automotive finance software and consultancy services, has achieved five key awards in the first five months of 2016. Overall, the company has been recognised continually by various influential organisations and publications as an outstanding company in which to work, particularly in the area of graduate recruitment.

James Powell argues that there is far more to wholesale floorplan stocking than “just funding”

An effective wholesale stocking plan is good not only to enhance dealer loyalty and sales volumes for retail finance, it can also help to generate a deeper and more valuable relationship by using the data available.

James Powell argues that there is far more to wholesale floorplan stocking than “just funding”

Jun 14, 2016

An effective wholesale stocking plan is good not only to enhance dealer loyalty and sales volumes for retail finance, it can also help to generate a deeper and more valuable relationship by using the data available.


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The Alta Group reveals new head for its Digital Business Advisory Service - and welcomes back captive/vendor specialist

Firstly, John D. Rizzi has joined the Alta Group as managing director and practice leader for its new Digital Business Advisory Practice.  This practice provides digital business transformation services to the equipment leasing and asset finance industry.

The Alta Group reveals new head for its Digital Business Advisory Service - and welcomes back captive/vendor specialist

Jun 13, 2016

Firstly, John D. Rizzi has joined the Alta Group as managing director and practice leader for its new Digital Business Advisory Practice.  This practice provides digital business transformation services to the equipment leasing and asset finance industry.

China's auto industry warned it lags behind in intelligent technology investment

The Chinese government and stakeholders have called on domestic carmakers to “push the pedal to the metal” in concerted efforts in new technologies - as leading global automakers accelerate their intelligent technology investment.

China's auto industry warned it lags behind in intelligent technology investment

Jun 13, 2016

The Chinese government and stakeholders have called on domestic carmakers to “push the pedal to the metal” in concerted efforts in new technologies - as leading global automakers accelerate their intelligent technology investment.

More expansion planned as Close Bros recruits further for its UK Technology Services division

Close Brothers Technology Services has appointed five further industry specialists to enhance the division’s offering and drive future business growth. This augments the appointments of three new staff in February 2016.

More expansion planned as Close Bros recruits further for its UK Technology Services division

Jun 13, 2016

Close Brothers Technology Services has appointed five further industry specialists to enhance the division’s offering and drive future business growth. This augments the appointments of three new staff in February 2016.

Volkswagen in new UK joint venture with Zipcar

Volkswagen is partnering with Zipcar, to form Zipwagen, and launch the ultra-low emission Golf GTE in London. Zipwagen is a new demonstration of how Volkswagen is offering not only cutting-edge technology in its cars, but also in its predictions regarding the way people will use cars in future.

Volkswagen in new UK joint venture with Zipcar

Jun 13, 2016

Volkswagen is partnering with Zipcar, to form Zipwagen, and launch the ultra-low emission Golf GTE in London. Zipwagen is a new demonstration of how Volkswagen is offering not only cutting-edge technology in its cars, but also in its predictions regarding the way people will use cars in future.

Point-of-sale new car finance volumes up 12% in April as UK buyers continue to go for attractive finance deals

UK Finance & Leasing Association (FLA) members report that the point-of-sale (PoS) consumer new car finance market grew 17% by value and 12% by volume in April, compared with the same month last year. The percentage of private new car sales financed by FLA members through the PoS reached 83.6% in the 12 months to April, up from 82.7% in the 12 months to March.

Point-of-sale new car finance volumes up 12% in April as UK buyers continue to go for attractive finance deals

Jun 13, 2016

UK Finance & Leasing Association (FLA) members report that the point-of-sale (PoS) consumer new car finance market grew 17% by value and 12% by volume in April, compared with the same month last year. The percentage of private new car sales financed by FLA members through the PoS reached 83.6% in the 12 months to April, up from 82.7% in the 12 months to March.

Carl D’Ammassa appointed UK Leasing Foundation’s new chairman

Carl D’Ammassa, group managing director of business finance at Aldermore has been appointed chair of the board of directors at the UK Leasing Foundation. D’Ammassa, who joined Aldermore from Hitachi in 2013, said: “I am delighted to take up the role of chair of the Leasing Foundation. I see the Foundation as driving towards more effective development of the industry - not just in terms of diversity, but in terms of more successful careers for all in the industry.

Carl D’Ammassa appointed UK Leasing Foundation’s new chairman

Jun 13, 2016

Carl D’Ammassa, group managing director of business finance at Aldermore has been appointed chair of the board of directors at the UK Leasing Foundation. D’Ammassa, who joined Aldermore from Hitachi in 2013, said: “I am delighted to take up the role of chair of the Leasing Foundation. I see the Foundation as driving towards more effective development of the industry - not just in terms of diversity, but in terms of more successful careers for all in the industry.

 

FleetEurope appoints Matt Lenton as marketing director

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Ian Isaac, Head of Lombard, elected chairman of the FLA’s Asset Finance Division

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Henk Uunk tells of the arrival of “Anomaleases”

Let’s fully embrace the new International Financial Reporting Standard (IFRS) 16 for leases! (Not...

US forecast to lead the way as autonomous cars head for 43% compound annual growth

Global sales of autonomous vehicles are predicted to reach 21 million by 2035 – with US leading th...