Both auto and equipment financiers are seeing the impacts of digital transformation, such as the growth of artificial intelligence, connected vehicles in auto and regulatory changes leading to increased system reliance in equipment. As our Technology Vision 2020 report finds, customers are demanding more flexible ownership models, such as pay-per-use. Financiers must adapt.
Catching up with this transformation is a challenge for incumbents running on disparate legacy systems. We have partnered with key ecosystem players such as Alfa to help auto and equipment financiers meet the digital demands of today’s customers. We’re excited about our collaboration with Alfa, whose software platform can help clients improve systems and increase speed, efficiency and accuracy with technologies such as artificial intelligence, cloud and automation.
Alfa Systems is used by some of the world’s largest asset finance companies. It can bring a client’s systems together on one single platform or clients can choose to enable specific services. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multi-jurisdictional basis, including leases/loans, originations and servicing.
Our partnership marks an evolution in how auto and equipment finance companies operate and serve their customers. If you would like to learn more, please contact us using the links in our profiles.