The Bank of England has warned that the recent resurgence of the pandemic could tip the economy back into recession.
Ben Broadbent (pictured above), deputy governor for monetary policy at the Bank of England, explained: “The UK is in the grip of a double-dip recession. GDP is likely to have ended 2020 at around 10% lower than at the end of 2019, marking the sharpest decline, through any calendar year, at least since 1920.
Jan 13, 2021
The Bank of England has warned that the recent resurgence of the pandemic could tip the economy back into recession.
Ben Broadbent (pictured above), deputy governor for monetary policy at the Bank of England, explained: “The UK is in the grip of a double-dip recession. GDP is likely to have ended 2020 at around 10% lower than at the end of 2019, marking the sharpest decline, through any calendar year, at least since 1920.
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The asset finance industry has seen fundamental change during the past year of the Coronavirus crisis, with an accelerated focus on digitalisation and growing use of cloud-based services.
Now, as the international roll-out of vaccines suggests the worst could soon be over for the global economy, digital partnerships are set to drive business growth in asset finance while delivering improved service levels to customers.
A new whitepaper from NETSOL Technologies reveals how technologies such as artificial intelligence and machine learning are enabling more efficient processes, with the workforce reorganised around added-value responsibilities, including providing personalised support for the ‘digitally excluded’ or those with specific needs.
Jan 12, 2021
The asset finance industry has seen fundamental change during the past year of the Coronavirus crisis, with an accelerated focus on digitalisation and growing use of cloud-based services.
Now, as the international roll-out of vaccines suggests the worst could soon be over for the global economy, digital partnerships are set to drive business growth in asset finance while delivering improved service levels to customers.
A new whitepaper from NETSOL Technologies reveals how technologies such as artificial intelligence and machine learning are enabling more efficient processes, with the workforce reorganised around added-value responsibilities, including providing personalised support for the ‘digitally excluded’ or those with specific needs.
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Asset Finance International, alongside his friends and colleagues in the auto finance industry, was much saddened to learn of the death of Peter Landers, director of strategic partnerships at MotoNovo Finance.
Following the challenge of ill health going back to 2018, Peter faced a new battle with Covid-19 during December 2020 and finally succumbed in the early hours of New Year’s Day.
Peter was an auto-finance man to the core, and learnt his trade up through the ranks of the industry starting with United Dominions Trust (UDT) where he worked from 1982 to 1989.
Jan 11, 2021
Asset Finance International, alongside his friends and colleagues in the auto finance industry, was much saddened to learn of the death of Peter Landers, director of strategic partnerships at MotoNovo Finance.
Following the challenge of ill health going back to 2018, Peter faced a new battle with Covid-19 during December 2020 and finally succumbed in the early hours of New Year’s Day.
Peter was an auto-finance man to the core, and learnt his trade up through the ranks of the industry starting with United Dominions Trust (UDT) where he worked from 1982 to 1989.
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Lex Autolease is set to introduce a range of connected vehicle technology solutions and services to its UK fleet of cars and LCVs following the announcement of a partnership with Masternaut.
Incorporating Masternaut’s range of fleet management solutions, the key focus of the collaboration will be to provide Lex’s customers with a leasing offer including connected fleet management services.
The connected fleet technology is also set to support Lex in managing its assets. For example, it is able to provide maintenance data collected directly from vehicles, and also from a smart vehicle check application that enables drivers to report the condition of their vehicles and track defects.
Jan 11, 2021
Lex Autolease is set to introduce a range of connected vehicle technology solutions and services to its UK fleet of cars and LCVs following the announcement of a partnership with Masternaut.
Incorporating Masternaut’s range of fleet management solutions, the key focus of the collaboration will be to provide Lex’s customers with a leasing offer including connected fleet management services.
The connected fleet technology is also set to support Lex in managing its assets. For example, it is able to provide maintenance data collected directly from vehicles, and also from a smart vehicle check application that enables drivers to report the condition of their vehicles and track defects.
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COVID-19 has resulted in a need to accelerate the transformation of many asset finance company systems environments.
Systems providers have been extremely active innovating and bringing new functionality and new solutions to market in recent years and months.
New demands continue to arise, and new solution opportunities are emerging continuously providing even more aspects for businesses to assess and evaluate.
Jan 11, 2021
COVID-19 has resulted in a need to accelerate the transformation of many asset finance company systems environments.
Systems providers have been extremely active innovating and bringing new functionality and new solutions to market in recent years and months.
New demands continue to arise, and new solution opportunities are emerging continuously providing even more aspects for businesses to assess and evaluate.
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Volkswagen Financial Services (VWFS) is set to launch an electric vehicle (EV) finance package designed to keep car retailers as an integral part of the retail auto market.
According to the captive, the new approach will protect the car by offering customers a minimum of a 2-year lease from new, and then reselling as an approved vehicle, all while being maintained and serviced by the retailer’s aftersales team.
By doing this, car retailers will be able to keep in touch with customers when they come in for servicing, which is hoped to establish lasting relationships and inspire brand loyalty.
Jan 08, 2021
Volkswagen Financial Services (VWFS) is set to launch an electric vehicle (EV) finance package designed to keep car retailers as an integral part of the retail auto market.
According to the captive, the new approach will protect the car by offering customers a minimum of a 2-year lease from new, and then reselling as an approved vehicle, all while being maintained and serviced by the retailer’s aftersales team.
By doing this, car retailers will be able to keep in touch with customers when they come in for servicing, which is hoped to establish lasting relationships and inspire brand loyalty.
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Personal Data post-Brexit: Kate Brimsted explains how the UK is allowed “third country” status for up to six months
UK Financial Services face anxious wait for trading to commence following Brexit deal uncertainty
Alphabet launches new PCH platform to exploit surging demand for personal leasing 
A Rollercoaster Year: The biggest events and trends in a year of turmoil
