Finance
Vero and Soda Capital Partner to Drive Innovation in Floorplan Finance
Written by
Vero Finance Technologies
Vero expands internationally with its first Australian client, bringing next-generation systems to support the expansion of Soda Capital’s wholesale financing platform.
NEW YORK, NY AND BRISBANE, AUSTRALIA / ACCESS Newswire / November 12, 2025 / Vero, a leading provider of technology systems for the asset finance industry, is excited to announce its strategic partnership with Soda Capital, Australia and New Zealand’s fastest-growing non-bank lender specializing in floorplan and distribution finance. This marks Vero’s first international expansion, as the company continues to pursue opportunities across EMEA and Asia-Pacific to transform asset finance through automation and technology.
The system went live at the beginning of the month after a comprehensive migration and delivery process supported by both teams.
Driving Smarter, More Efficient Floorplan Finance
Soda Capital has built a strong reputation for providing fast, flexible, and transparent financing solutions for manufacturers, distributors, and dealer networks. As it scales, the company is investing in best-in-class technology to optimize its lending operations. By integrating Vero’s innovative platform, Soda Capital will:
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Automate key workflows in loan origination, servicing, and portfolio management.
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Enhance risk monitoring with real-time data insights and asset-level tracking.
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Accelerate decision-making to streamline dealer funding and improve operational efficiency.
Empowering Growth Through Embedded Finance
Floorplan financing is evolving rapidly, requiring data-driven decision-making and seamless integration into the broader ecosystem of manufacturers, suppliers, and dealers. Through this partnership, Vero’s end-to-end lending platform will enable Soda Capital to:
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Provide more self-service tools for their dealer clients, ensuring real-time visibility into asset performance.
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Optimize credit risk management, proactively identifying potential exposures and reducing inefficiencies.
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Introduce more dynamic program structures, ensuring they can meet the ever-evolving needs of their vendor and dealer partners.
A Shared Vision for the Future of Asset Finance
Both Vero and Soda Capital are technology-first, agile, and forward-thinking organizations that are reshaping the landscape of wholesale financing. With this partnership, Vero will continue to serve as an extension of Soda Capital’s IT team, ensuring continuous innovation, automation, and operational enhancements as its platform scales.
“Expanding globally has always been part of our vision, and Soda Capital represents the perfect partner for us to enter APAC market. Their commitment to leveraging technology as a differentiator aligns seamlessly with Vero’s mission to modernize floorplan lending, and we’re thrilled to support their next phase of growth.”
– John Mizzi, CEO, Vero
“Our business is built on speed, transparency, and technology, and Vero’s platform allows us to take that to the next level. With Vero’s expertise in purpose-built solutions for our industry, with a focus on automation and the user experience, we’re confident that we can scale more efficiently while continuing to provide best-in-class financing solutions to our partners and clients.”
– Jordan Edwards, CEO, Soda Capital
About Vero
Vero provides an end-to-end SaaS and servicing platform designed to streamline wholesale, supply chain, rental and fleet financing. The modular platform supports every function across a lenders organization with process automation, analytics, and workflow management systems. Vero enables lenders to grow efficiently, reduce manual work, and enhance borrower experiences.
For more information, visit www.vero-technologies.com.
About Soda Capital
Soda Capital is a non-bank lender specializing in floorplan and distribution finance for manufacturers, distributors, and dealer networks. By offering fast, flexible, and innovative financing solutions, Soda Capital empowers businesses to scale efficiently and access the capital they need to succeed.
For more information, visit www.sodacapital.com.
Contact: Jason Bartz, info@vero-technologies.com, 404-383-7048
SOURCE: Vero Finance Technologies
View the original press release on ACCESS Newswire
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Finance
Low-income Chinese girl aces gaokao, inspires live-streamers offering help
A girl from a disadvantaged rural family in central China topped this year’s gaokao, attracting numerous live-streamers eager to finance her education, which she declined.
The home of 18-year-old secondary school graduate Han Yaping in a Henan province village was recently bustling with live-streamers.
This attention came after Han achieved an impressive score of 699 out of 750 in the gaokao, China’s national college entrance exam.
She has received offers from China’s two leading universities, Tsinghua University and Peking University.
Han’s accomplishment is particularly remarkable given her family’s impoverished circumstances.
Her mother suffers from ankylosing spondylitis, an inflammatory arthritis affecting the spine, preventing her from working. Her father, who earns a living through farming and odd jobs, serves as the family’s sole provider. Han also has a younger sister.
Finance
UK financial regulator publishes landmark AI review
The UK’s Financial Conduct Authority (FCA) published a landmark review on Monday that proposes recommendations to regulate the impact of artificial intelligence (AI) on the financial decisions made by consumers.
The review, titled the Mills Review, anticipates that both consumers and firms will start delegating “more financial decision-making to AI systems,” including for agreements, initiating transactions, and executing decisions “within agreed parameters.” One of the key findings of the review outlined that while AI can help bridge advice gaps and “support growth,” there remain risks “associated with fraud, cyber security, and consumer harm.” Conducting the review, Sheldon Mills highlighted that “AI can also amplify risks: bias, discrimination, exclusion, opaque decision-making (particularly when multiple AI models interact), misleading or hallucinatory advice and erosion of consumer trust.”
The review stated that presently, one in five adults in the UK are “already open to AI making decisions for them,” particularly when decisions feel “complex or high stakes.” It found that roughly 26 percent of the population “trust general-purpose tools such as ChatGPT, Claude or Gemini for financial advice” with little awareness that such platforms provide no “formal routes to recourse” or protections.
Overall, the Mills Review identified four areas that it anticipates will be impacted by AI in the financial sector: “the transformation of firms,” “new consumer journeys,” “a reshaped competition landscape,” and “amplified financial crime and cyber risk.” The FCA projected the shift in how consumers and firms consult AI to take place by 2030.
The Mills Review put forth seven “priority” recommendations to be considered by the FCA Board. It recommended that any transitions to autonomous AI models be monitored and that regulatory frameworks and perimeters be adapted and secured. The review called for the strengthening of “system-wide coordination and oversight,” the scaling up of the FCA’s AI Lab to enable it to support AI models and innovation for agentic finance, and an “AI-enabled agentic supervisory model” to be built and adopted. Finally, it recommended that a trusted “public-interest AI-enabled financial capability service” be developed.
The FCA announced, in the press release, that it will launch an AI “good and poor practice publication” in late 2026.
Finance
Fayette County Public Schools Board of Education approves audit contract, new finance director position
LEXINGTON, Ky. (WKYT) – The Fayette County Public Schools Board of Education approved a one-year audit contract capped at $131,750 plus $225 per hour during a virtual meeting Monday, along with a new finance director job description.
The contract is with Mauldin & Jenkins Certified Public Accountants, an Atlanta-based firm, and covers the 2025-26 fiscal year and the restatement of the 2024-25 fiscal year and ancillary services through FY 2029-2030. The work is set to be completed by Nov. 15.
The board approved the contract in a 5-0 vote.
Audit contract details
Interim Chief Financial Officer Kyna Koch said the cost is already accounted for in the district’s budget.
“And is actually less than we expected given our current situation — we were thrilled with the bid,” Koch said.
Koch said she believes this is Mauldin & Jenkins’ first school district audit in Kentucky, but that the firm works with school districts of more than 100,000 students throughout the Southeast.
“Quite frankly when I spoke to the folks at KDE they were thrilled because we’re running kind of short of auditors who want to do school district audits — so all around I think this was a win-win for everyone,” Koch said.
New finance director position
The board also approved a new job description for the position of Director of Finance. Acting Superintendent Dr. Bill Bradford said the title will replace two associate director positions.
“Which will not only save the school district money but it’s also going to streamline our work and align internal controls to make room for a more efficient unit,” Bradford said.
Koch said the position will be posted as soon as possible following the board’s approval.
Closed session
The board went into closed session for more than an hour to discuss pending investigations that could lead to employee discipline. When the board returned, it took no action and adjourned the meeting.
Copyright 2026 WKYT. All rights reserved.
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