Latest news with #Lendscape
Yahoo
a day ago
- Business
- Yahoo
DF Capital implements Lendscape's asset finance platform
UK-based specialist bank DF Capital has gone live with Lendscape's asset finance platform within its operations. The move allowed the company to introduce new finance products for small and medium-sized enterprises (SMEs) and venture into the consumer finance sector for the first time. The adoption, which emphasises an API-first approach, is expected to refine DF Capital's operational efficiency. The bank anticipates that this will lead to faster decision-making processes and the implementation of "touch-free automation" to improve the lending process for its customers. Lendscape's system is claimed to act as a "product engine" that facilitates DF Capital's ability to integrate with additional tools and launch new financial products with relative ease. Lendscape technology will help DF Capital to use data and AI in its digital lending services. DF Capital chief technology officer Paul Atherton said: 'Lendscape's industry knowledge, advanced technology, and deep understanding of our needs made them the ideal partner to help us achieve our goals. 'Through this collaboration, we can better support UK businesses with flexible financing, expand our operations, and continue delivering the best experience for our customers.' Lendscape chief product officer Steve Taplin stated: 'We're committed to delivering flexible, modern technology that drives efficiency and supports the evolving needs of our clients. 'DF Capital is leveraging Lendscape's capabilities to enhance operations while meeting the rigorous requirements of the regulated banking sector. This partnership affirms the growing recognition of the value our solutions and team bring to the market.' In March, DF Capital initiated a structured finance business to bolster cash flow and funding accessibility for businesses. This new division aims to provide customised financial solutions that address specific needs related to working capital and finance opportunities, including mergers, acquisitions, business restructures, and asset purchases. The structured finance division's portfolio includes wholesale finance, stock flow finance, invoice finance, and secured short-term business loans. "DF Capital implements Lendscape's asset finance platform" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
2 days ago
- Business
- Finextra
DF Capital goes live with Lendscape
Lendscape is pleased to announce that DF Capital, a specialist bank, has successfully gone live with Lendscape's asset finance platform. 0 This milestone has enabled DF Capital to launch its asset finance offering to market; providing additional financing solutions to SMEs, as well as its first consumer finance products. By adopting Lendscape's API-first platform, DF Capital is streamlining operations, accelerating decision-making, and moving towards touch-free automation, creating an enhanced lending experience for customers. Lendscape's technology also positions DF Capital to better leverage data and harness AI, equipping them for future advancements in digital lending. DF Capital chose Lendscape as its technology partner for its deep industry expertise and highly scalable platform, designed to adapt as the bank expands. A major advantage of Lendscape's solution is its ability to act as a 'product engine', making it easy for DF Capital to innovate, connect with other tools, and launch new offerings. "We've been impressed by Lendscape's capabilities and how smoothly the project has gone," said Paul Atherton, DF Capital's Chief Technology Officer. "Lendscape's industry knowledge, advanced technology, and deep understanding of our needs made them the ideal partner to help us achieve our goals. Through this collaboration, we can better support UK businesses with flexible financing, expand our operations, and continue delivering the best experience for our customers." "We're excited that DF Capital has successfully gone live with Lendscape,' said Steve Taplin, Chief Product Officer at Lendscape. 'We're committed to delivering flexible, modern technology that drives efficiency and supports the evolving needs of our clients. DF Capital is leveraging Lendscape's capabilities to enhance operations while meeting the rigorous requirements of the regulated banking sector. This partnership affirms the growing recognition of the value our solutions and team bring to the market.' Sunny Bhachu, Regional Sales Director at Lendscape added, "Supporting DF Capital in their growth journey is truly exciting. We're proud to empower their efforts to extend support for UK customers through our solutions."
Finextra
01-07-2025
- Business
- Finextra
Lendscape integrates with Lucero AI operations assistant from Vamos
VAMOS, the specialist in applied AI for asset finance, has announced the integration of its Lucero AI operations assistant with Lendscape Asset Finance - the 100% API-first, AI-ready platform that's empowering modern lenders to innovate at speed. 0 This strategic integration enables asset finance providers to dramatically reduce processing times for customer service requests while maintaining human oversight and control over all decisions. The collaboration follows a joint workshop held in January 2025 with leading UK asset finance providers, which identified several major opportunities to drive efficiency through AI integration. The integration provides Lendscape Asset Finance customers with the ability to: • Automatically analyse incoming customer emails and identify the customer's intent • Instantly retrieve relevant customer and agreement data from the Lendscape platform • Present contextual action recommendations to operations team members • Execute approved actions directly within Lendscape via secure API integration • Generate personalised email responses based on actions taken VAMOS and Lendscape are continuing to expand the integration's capabilities to support additional use cases identified in their joint workshop, including proposal input, processing supplier invoices, and providing settlement quotes. Richard Huston, Managing Director of VAMOS said: "AI tools can only reach their full potential if they are integrated effectively with existing business systems and workflows. That's why we view partnerships with industry leaders like Lendscape as being absolutely crucial. We were extremely impressed at how quickly we were able to connect Lucero to Lendscape's modern API, allowing us to rapidly provide a range of AI-powered capabilities on top of the Lendscape platform. Steve Taplin, Chief Product Officer at Lendscape commented: "Our API-first design philosophy and AI-ready platform architecture have been validated through this partnership with VAMOS. By enabling seamless integration with AI solutions like Lucero, we're helping lenders unlock real end-to-end performance gains. In addition to the core platform productivity benefits that Lendscape offers, early data shows that AI powered tools like Lucero can improve customer service response times by over 50%. Most importantly, it also preserves a human-in-the-loop approach, ensuring no compromise on control.' The integration is expected to deliver significant benefits to asset finance providers, including enhanced accuracy in customer service delivery, improved compliance with company policies, and better customer experience through faster response times. By automating routine tasks, the solution allows customer service staff to focus more of their attention on complex customer needs that require human expertise and judgment.
Yahoo
19-06-2025
- Business
- Yahoo
Simply Asset Finance's loan origination surpasses £1.75bn milestone
UK's Simply Asset Finance has announced that its total loan originations have exceeded the £1.75bn ($2.35bn) mark. The specialist lender company recorded pre-tax profits of £8.5m for the financial year ending 31 December 2024 (FY24), alongside revenues of £60.4m, marking a 13% increase year-on-year. Additionally, Simply Asset Finance expanded its gross loan book to £505m during 2024. Since its inception in 2017, Simply Asset Finance has grown its customer base to over 11,000 businesses and facilitated more than 22,000 agreements. The company stated that its results highlight a persistent market demand for customised lending solutions, as UK small and medium-sized businesses (SMEs), facing limited financial backing, pursue more dependable and adaptable funding options. Simply Asset Finance CEO Mike Randall said: 'FY2024 has been a year of milestone achievements, and only further underscores the strength of our platform and the demand we are seeing for flexible, SME-first finance. 'These results also reflect the successful execution of our strategy to expand our reach through multi-channel operations, building on a proven, profitable foundation and deepening integration with key partners. 'UK businesses showed remarkable resilience last year – even amid ongoing economic uncertainty and policy shifts like the announcement of changes to National Insurance and minimum wage. It is in this environment, SMEs need more than just funding – but a partner that understands their challenges and can offer practical support to fuel long-term growth.' The group's financial performance last year was bolstered by investments in operational scalability, strategic partnerships, and regional growth. In May 2024, the company migrated its loan book to Lendscape's cloud-native platform to support scaling. Furthermore, the addition of a new facility loan from Bank of America and an expanded commitment from the British Business Bank's ENABLE programme broadened the company's funding base. Simply Asset Finance said its regional strategy also yielded 'strong' results, supported by a growing national team of over 180 employees. In Northern Ireland, the Belfast office surpassed £100m in total loan origination, supporting more than 700 local SMEs since its launch in 2019. "Simply Asset Finance's loan origination surpasses £1.75bn milestone" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
02-06-2025
- Business
- Finextra
Allica chooses Lendscape for asset finance operations
Challenger bank Allica has selected Lendscape, the leading provider of commercial lending technology, as the core platform for its asset finance operations. 0 Following a year of exceptional growth, Allica - the only bank built for established SMEs and Europe's fastest-growing fintech - has positioned itself as a major force in business banking and continues to scale at pace. Allica selected Lendscape's asset finance platform to support that momentum following a successful trial in a sandbox environment. 'Our growth shows just how strong the demand is for a better kind of business banking,' said Niv Subramanian, Deputy CEO at Allica. 'We've invested heavily in our digital infrastructure so we can scale quickly and keep delivering the support SMEs need to thrive. That means using technology that's flexible, intuitive, and fits seamlessly into our ecosystem, and Lendscape proved from day one that they could deliver all three.' Lendscape's API-first platform will enable Allica to scale, integrate easily with other systems, and innovate, enabling rapid change to market demands. 'We share Allica's commitment to improving SME finance and making it easier for businesses to access the funding they need to grow," said Steve Taplin, Chief Product Officer at Lendscape. 'As a company, we've made a long-term investment in asset finance technology and innovation - and we back it up with transparency, trust, and a deep understanding of the market. Giving Allica early sandbox access was part of that approach: letting them see first-hand how easily our platform integrates, performs, and adapts.' 'One of the things that stood out about Lendscape was their openness and clarity,' said Conrad Ford, Chief Product & Strategy Officer at Allica. 'In our earliest conversations, they were upfront about where they were on the then, we've seen the strength of their technological foundations, the quality of the team, and the alignment in our ambitions. Their API-first platform gives us the flexibility and speed we need to keep evolving our ecosystem and stay ahead of customers' expectations.' 'Working with Allica has been a perfect fit; they're bold, fast-moving, and customer-centric,' said Sunny Bhachu, Regional Commercial Director at Lendscape. 'We're proud to be part of their journey and excited to help them scale with confidence.'
