Consumer duty regulations – understanding price/value assessments and its impact on the finance ecosystemNew wide-ranging consumer duty regulations to be announced by the FCA in June 2022 and planned to be implemented in April 2023 will have a wide-ranging effect on both regulated and unregulated organisations. Jo Davis, founder of Auxillias will present a “primer” on the new rules, followed by a panel discussion with experts including Adrian Dally, head of auto at the FLA, Toby Poston director of consumer affairs, BVRLA; and Paul Parkinson, CEO of Synergy Car Leasing. Session will be led by David Betteley, head of content at Asset Finance Connect.
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Harnessing data allows AI and analytics to drive growth for the auto industryOEMs and their finance captives have never had a better opportunity to harness data and use it to drive growth in the auto finance industry, but they risk missing out unless they develop a better understanding of what AI and machine learning is, and where it can most usefully be applied. This is one finding from a new research report Operationalizing Servitized Auto Finance that is due to be released by Genpact, a global professional services firm, at the International Asset Finance Network on December 12th, 2019 in London.
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Auto finance captives have the advantage in developing servitized auto finance. But are they using it?Auto finance captives and their OEMS are grappling with a range of challenges which are stretching their development resources to the limit and are having the effect of putting the brakes on development of servitized auto finance. If they allow investment in connected cars, electrification and autonomy to divert their attention away from servitized auto finance then they risk missing out on income streams projected to grow to nearly half of finance providers total revenue by 2030. This is one finding from a new research report Gearing up for servitization in auto finance that is due to be released by Genpact, a global professional services firm, at the International Asset Finance Network on December 12th, 2019 in London.
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Electric vehicles may accelerate the transition to servitized auto financeAuto finance companies currently expect the transition to servitized auto finance to happen gradually over the next 10 years, but connectivity and electrification may accelerate the changeover. This is one finding from a new research report Gearing up for servitization in auto finance that is due to be released by Genpact, a global professional services firm, at the International Asset Finance Network on December 12th, 2019 in London.
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Georg Bauer to report on progress of fair.com at IAFN ConferenceGeorg Bauer will report on the progress of fintech start-up fair.com, a business he co-founded this year with TrueCar pioneer Scott Painter. Bauer will be speaking at the International Auto Finance Network conference in January 2018 in London. Fair.com’s business model has grown out of the founders’ belief that modern consumers find problems with the current car buying process. Confrontational experiences with dealership salespeople and the long-term commitments required for purchases, leases and loan agreements are all out of step with purchasing patterns in most other sectors, where consumers increasingly favour pay on use and subscription arrangements, they argue.
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Consumer duty regulations – understanding price/value assessments and its impact on the finance ecosystem
Harnessing data allows AI and analytics to drive growth for the auto industry
Auto finance captives have the advantage in developing servitized auto finance. But are they using it?
Electric vehicles may accelerate the transition to servitized auto finance
Georg Bauer to report on progress of fair.com at IAFN Conference 