Resimac Targets Aggressive Asset Finance Expansion
(30 August 2023 – Australia) Non-bank lender Resimac is aiming for A$1 billion in asset finance settlements in the 2024 financial year by advancing the group’s digital transformation strategy and enhancing operational efficiency.
The ambitious target represents more than twice the group’s previous financial year total of A$482 million, up 19 percent year-on-year. Resimac reported that the firm was “extremely resilient” amid a challenging macroeconomic environment since 2022.
The non-bank is seeking to streamline operational efficiencies with lower expenses by advancing its expansive digital transformation journey.
“Our growth aspirations for asset finance remain high, we’re targeting to double our asset finance settlements in FY24, underpinned by a wider broker reach and a significantly improved digital experience for our broker partners and customers: commented Resimac CEO Scott McWilliam.
“Our cost management will continue to be a major focus for the business in FY24, I’m pleased to say that our investment in operational efficiency processes and core technologies over the last few years should help us to drive a lower operating expense in FY24” McWilliam added.
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