(4 February 2025 – Global) What are the current major trends influencing asset finance?
The asset finance industry is currently witnessing a transformation driven by several influential trends. One significant change is the expansion into adjacent markets, allowing companies to offer a wider range of services and products.
Additionally, the integration of telematics technology is revolutionising vehicle financing by providing real-time data for better vehicle management and financing decisions.
Generative AI is revolutionising how financial institutions manage operations, enhance customer experiences and optimise product offerings. These technologies enable predictive analytics for risk assessment, automate decision-making processes and personalise customer interactions, driving efficiency and innovation across the asset finance landscape.
The rise of sustainable finance and the increasing emphasis on environmental, social and governance (ESG) criteria are significantly influencing asset financing strategies. Financial institutions and investors are now prioritising assets and projects that demonstrate a positive impact on the environment and society, aligning financial decisions with broader sustainability goals.
FIS’ Automated Finance solutions portfolio offers comprehensive receivables, payables and revenue optimisation tools that can help transform how the office of the CFO operates.
“Rising digital expectations, cost pressures and manual process errors all fuel friction within the finance function. CFOs need to focus on finance, not friction. We have a strong position as a proven technology partner that helps eliminate friction and transform the office of the CFO from a cost centre to a revenue centre” stated FIS Group President of Automated Finance, Seamus Smith.