Volvo Cars selects FICO to support customer onboarding for car subscription service

Volvo Cars has selected predictive analytics and data science company FICO to provide advanced technology to support customer onboarding. FICO's Decision Modeler will be used to immediately onboard customers to the manufacturer's Care by Volvo vehicle subscription service by using automated decision-making. Care by Volvo provides customers with a car through subscription as an alternative to ownership. A monthly payment covers all regular service, maintenance costs and breakdown cover.

Volvo Cars selects FICO to support customer onboarding for car subscription service

Dec 03, 2019

Volvo Cars has selected predictive analytics and data science company FICO to provide advanced technology to support customer onboarding. FICO's Decision Modeler will be used to immediately onboard customers to the manufacturer's Care by Volvo vehicle subscription service by using automated decision-making. Care by Volvo provides customers with a car through subscription as an alternative to ownership. A monthly payment covers all regular service, maintenance costs and breakdown cover.

Onguard introduces machine learning to predict payment behaviour

Fintech company Onguard is collaborating on a new service to be launched next year that will use machine learning to predict customer payment behaviour. The new platform will combine historical data from Onguard’s software, external debtor information from business data expert Altares Dun & Bradstreet and a machine-learning based scorecard from Quantforce, based on invoice and payment history. Debtors can be ranked in order of the risk of non-payment, which enables finance companies to introduce planning at an early stage using automated workflows.

Onguard introduces machine learning to predict payment behaviour

Dec 02, 2019

Fintech company Onguard is collaborating on a new service to be launched next year that will use machine learning to predict customer payment behaviour. The new platform will combine historical data from Onguard’s software, external debtor information from business data expert Altares Dun & Bradstreet and a machine-learning based scorecard from Quantforce, based on invoice and payment history. Debtors can be ranked in order of the risk of non-payment, which enables finance companies to introduce planning at an early stage using automated workflows.

Quotevine launches Luca to develop future services for lending and leasing finance businesses

Innovative fintech company Quotevine has launched Luca, a new platform ‘created with servitisation in mind’ to help lending and leasing finance businesses to modernise and streamline their operations. The solution will enhance Quotevine’s suite of existing applications and aims to seamlessly connect front and back office functions and offer unrivalled functionality. Luca joins up currently fragmented processes that exist within the front and back offices of many finance businesses.

Quotevine launches Luca to develop future services for lending and leasing finance businesses

Nov 28, 2019

Innovative fintech company Quotevine has launched Luca, a new platform ‘created with servitisation in mind’ to help lending and leasing finance businesses to modernise and streamline their operations. The solution will enhance Quotevine’s suite of existing applications and aims to seamlessly connect front and back office functions and offer unrivalled functionality. Luca joins up currently fragmented processes that exist within the front and back offices of many finance businesses.

NETSOL secures $4 million contract with UK vehicle finance company

NETSOL Technologies has signed a new multi-million-dollar contract with a large independent used vehicle finance company in the UK. The UK contract will include the implementation of NETSOL's NFS Ascent wholesale finance platform and is expected to be worth $4 million. The name of the client is not being made public.

NETSOL secures $4 million contract with UK vehicle finance company

Jul 29, 2019

NETSOL Technologies has signed a new multi-million-dollar contract with a large independent used vehicle finance company in the UK. The UK contract will include the implementation of NETSOL's NFS Ascent wholesale finance platform and is expected to be worth $4 million. The name of the client is not being made public.

Auto Finance Technology - December 2019 issue out now!

Download the December issue of Auto Finance Technology today. Simply complete the form below The latest issue of Auto Finance Technology is out now. The December issue includes a full preview of the International Asset Finance Network Conference and Awards, taking place in London on December 12.

Auto Finance Technology - December 2019 issue out now!

Nov 28, 2019

Download the December issue of Auto Finance Technology today. Simply complete the form below The latest issue of Auto Finance Technology is out now. The December issue includes a full preview of the International Asset Finance Network Conference and Awards, taking place in London on December 12.

BDK launches innovative German used car marketplace powered by iVendi

A new online used car marketplace from Société Générale subsidiary Bank Deutsches Kraftfahrzeuggewerbe has gone live for 4,500 dealers in Germany. Called JuhuAuto, it was created by automotive e-commerce solutions provider iVendi in its first major international deal. The marketplace delivers personalised car search results and uses BDK to pre-assess customers for motor finance to enhance their online experience.

BDK launches innovative German used car marketplace powered by iVendi

Nov 21, 2019

A new online used car marketplace from Société Générale subsidiary Bank Deutsches Kraftfahrzeuggewerbe has gone live for 4,500 dealers in Germany. Called JuhuAuto, it was created by automotive e-commerce solutions provider iVendi in its first major international deal. The marketplace delivers personalised car search results and uses BDK to pre-assess customers for motor finance to enhance their online experience.

NETSOL Technologies signs first North American customer for NFS Ascent

Canadian-based national automotive leasing company SCI Lease Corp has become the first North American customer for NFS Ascent, the contract management system from global asset finance platform specialist NETSOL Technologies. The cloud-based system will be provided through a ‘Software-as-a-Service’ agreement following the launch of a new, subscription-based pricing option for all NETSOL's cloud-based products and services, which is offered as an alternative to its traditional license model. Subscription-based pricing is offered on a monthly, quarterly or annual basis to decrease initial buy-in costs for new customers and provide an alternative to current customers seeking lower software usage and maintenance costs.

NETSOL Technologies signs first North American customer for NFS Ascent

Nov 19, 2019

Canadian-based national automotive leasing company SCI Lease Corp has become the first North American customer for NFS Ascent, the contract management system from global asset finance platform specialist NETSOL Technologies. The cloud-based system will be provided through a ‘Software-as-a-Service’ agreement following the launch of a new, subscription-based pricing option for all NETSOL's cloud-based products and services, which is offered as an alternative to its traditional license model. Subscription-based pricing is offered on a monthly, quarterly or annual basis to decrease initial buy-in costs for new customers and provide an alternative to current customers seeking lower software usage and maintenance costs.

In-car connectivity powers new financial ecosystem

The rise of the connected car has opened new horizons for the finance industry; cars can be turned into payment cards, while drivers and passengers offer a valuable captive audience that can be offered innovative new services. John Maslen reports.

In-car connectivity powers new financial ecosystem

Nov 05, 2019

The rise of the connected car has opened new horizons for the finance industry; cars can be turned into payment cards, while drivers and passengers offer a valuable captive audience that can be offered innovative new services. John Maslen reports.

Growing cyber threat concerns in the banking and automotive industries

At the forefront of cyber security and in the face of growing cyber threats, software security company Cyber Risk Aware (CRA) has recently been awarded the highest level of training accreditation from the industry by the Chartered Institute of Information Security Professionals (CIISec). CRA offers a variety of cybercrime protective services such as running simulated phishing attacks and undertaking cyber knowledge assessments to determine where the risks lie in a business – the user, department, office, or country. To boost the efficiency of this service, CRA also provides training and reporting so that companies can meet their legal and regulatory compliance requirements in protecting data, systems and finances.

Growing cyber threat concerns in the banking and automotive industries

Nov 01, 2019

At the forefront of cyber security and in the face of growing cyber threats, software security company Cyber Risk Aware (CRA) has recently been awarded the highest level of training accreditation from the industry by the Chartered Institute of Information Security Professionals (CIISec). CRA offers a variety of cybercrime protective services such as running simulated phishing attacks and undertaking cyber knowledge assessments to determine where the risks lie in a business – the user, department, office, or country. To boost the efficiency of this service, CRA also provides training and reporting so that companies can meet their legal and regulatory compliance requirements in protecting data, systems and finances.

Circular economy changes fashion industry as single-life clothing goes out of style

Consumers are moving from measuring their waists to measuring waste as they consider the carbon footprint in their clothing amid widespread warnings of a global climate emergency. As John Maslen reports, growing awareness is accelerating a global trend towards a circular economy in a range of business sectors, where funding from the asset finance industry has a key role to play.

Circular economy changes fashion industry as single-life clothing goes out of style

Oct 29, 2019

Consumers are moving from measuring their waists to measuring waste as they consider the carbon footprint in their clothing amid widespread warnings of a global climate emergency. As John Maslen reports, growing awareness is accelerating a global trend towards a circular economy in a range of business sectors, where funding from the asset finance industry has a key role to play.

Dealers plan digital drive to create omnichannel finance experience

The majority of UK dealers plan to invest in online finance capabilities in the next year to improve customer service, according to new research. By enabling customers to source finance quotes online, and potentially purchase vehicles, dealers aim to close a key gap in the customer journey which many believe puts them behind other business sectors. Online services would need to link seamlessly to the showroom experience to create a smooth customer journey, as both dealers and consumers agree that a showroom visit is a vital part of the buying experience for most buyers. Around 7 out of 10 car buyers would be happy arranging car finance online.

Dealers plan digital drive to create omnichannel finance experience

Oct 25, 2019

The majority of UK dealers plan to invest in online finance capabilities in the next year to improve customer service, according to new research. By enabling customers to source finance quotes online, and potentially purchase vehicles, dealers aim to close a key gap in the customer journey which many believe puts them behind other business sectors. Online services would need to link seamlessly to the showroom experience to create a smooth customer journey, as both dealers and consumers agree that a showroom visit is a vital part of the buying experience for most buyers. Around 7 out of 10 car buyers would be happy arranging car finance online.

New artificial intelligence research aims to transform the fight against financial crime

A major research project aims to revolutionise due diligence by developing new screening systems to combat financial crime. Neotas, a specialist in online due diligence for the financial services sector, has received a £200,000 grant to work with artificial intelligence experts at the University of Essex, England, to develop next-generation software. The company uses powerful search techniques to analyse a company’s or an individual’s ‘digital footprint’, providing advanced insights on risk without invading privacy.

New artificial intelligence research aims to transform the fight against financial crime

Oct 24, 2019

A major research project aims to revolutionise due diligence by developing new screening systems to combat financial crime. Neotas, a specialist in online due diligence for the financial services sector, has received a £200,000 grant to work with artificial intelligence experts at the University of Essex, England, to develop next-generation software. The company uses powerful search techniques to analyse a company’s or an individual’s ‘digital footprint’, providing advanced insights on risk without invading privacy.

Hitachi Capital America extends its relationship with long-term software partner White Clarke Group

Hitachi Capital America has extended its software partnership with global automotive, consumer and equipment finance software company White Clarke Group. The finance provider will continue its use of the CALMS Compass software solution to manage its floorplan and wholesale finance business.

Hitachi Capital America extends its relationship with long-term software partner White Clarke Group

Oct 22, 2019

Hitachi Capital America has extended its software partnership with global automotive, consumer and equipment finance software company White Clarke Group. The finance provider will continue its use of the CALMS Compass software solution to manage its floorplan and wholesale finance business.

CPU Group partners with Great American Insurance Group to target European growth

CPU Group, a leading provider of technology device insurance, has agreed a long-term partnership with Great American Insurance Group’s European division. CPU Group is a specialist technology and asset protection provider that provides B2B insurance schemes for electronic equipment including laptops, smartphones and tablets. The agreement with Great American will support pan-European growth for both companies.

CPU Group partners with Great American Insurance Group to target European growth

Oct 22, 2019

CPU Group, a leading provider of technology device insurance, has agreed a long-term partnership with Great American Insurance Group’s European division. CPU Group is a specialist technology and asset protection provider that provides B2B insurance schemes for electronic equipment including laptops, smartphones and tablets. The agreement with Great American will support pan-European growth for both companies.