Digital transformation in UK healthcare will require £4bn investment

The priority investment areas for digital transformation in UK healthcare will require nearly £4 billion of capital investment in the next three years, according to new research. Although the investment will generate efficiencies and improvements in healthcare that more than justify the costs, it is likely external finance will be needed to avoid budgets for frontline services being affected, experts say. Siemens Financial Services interviewed a range of experts, including specialist management consultants, academic commentators, national health departments, medical associations and care providers to understand the strategies needed to deliver change.

Digital transformation in UK healthcare will require £4bn investment

Jan 21, 2020

The priority investment areas for digital transformation in UK healthcare will require nearly £4 billion of capital investment in the next three years, according to new research. Although the investment will generate efficiencies and improvements in healthcare that more than justify the costs, it is likely external finance will be needed to avoid budgets for frontline services being affected, experts say. Siemens Financial Services interviewed a range of experts, including specialist management consultants, academic commentators, national health departments, medical associations and care providers to understand the strategies needed to deliver change.

Simply launches Simply Market to sell third-party assets

SME funder Simply is expanding the range of vehicles and machinery offered to potential buyers through its site by listing third-party assets. Simply Market is an extension of Simply Stock, where the finance company sells its own used assets. The new site will offer a selection of carefully curated equipment to help existing customers and partners sell equipment they no longer need.

Simply launches Simply Market to sell third-party assets

Jan 20, 2020

SME funder Simply is expanding the range of vehicles and machinery offered to potential buyers through its site by listing third-party assets. Simply Market is an extension of Simply Stock, where the finance company sells its own used assets. The new site will offer a selection of carefully curated equipment to help existing customers and partners sell equipment they no longer need.

US equipment finance market outlook positive

The early 2020 outlook for the US equipment leasing market is upbeat, according to data from the Equipment Leasing and Finance Foundation, which says business confidence is on the rise for the third month in a row. The Foundation’s January monthly confidence index for the equipment finance industry (MCI-EFI) hit 59.9, an increase from the December index of 56.2. When asked about the outlook for the future, MCI-EFI survey respondent David Normandin, president and chief executive officer of Wintrust Specialty Finance said: “Demand for leasing in the segments we are involved in has remained strong with huge demand in Q4 2019. Credit quality has remained solid, and pull through has been good. Unemployment remains low and we see small business customers remaining optimistic.”

US equipment finance market outlook positive

Jan 20, 2020

The early 2020 outlook for the US equipment leasing market is upbeat, according to data from the Equipment Leasing and Finance Foundation, which says business confidence is on the rise for the third month in a row. The Foundation’s January monthly confidence index for the equipment finance industry (MCI-EFI) hit 59.9, an increase from the December index of 56.2. When asked about the outlook for the future, MCI-EFI survey respondent David Normandin, president and chief executive officer of Wintrust Specialty Finance said: “Demand for leasing in the segments we are involved in has remained strong with huge demand in Q4 2019. Credit quality has remained solid, and pull through has been good. Unemployment remains low and we see small business customers remaining optimistic.”

Americas

Ally Financial recruits digital leader

Jan 20, 2020

Ally Financial has announced that Sathish Muthukrishnan has joined the company as chief information, data and digital officer, to lead its technology, data and digital transformation teams, with a focus on advanced technical capabilities including cyber security. Muthukrishnan has held a number of senior technology leadership roles, most recently as the chief digital and information officer for Honeywell Aerospace. Before that, he spent 10 years at American Express leading their digital transformation efforts.

Asia Pacific

Identifying growth opportunities in Islamic finance

Feb 08, 2019

Islamic finance is available in 56 countries through 1,389 sharia-compliant companies that have total assets under management (AUM) of $2.4 trillion, according to a 2018 study from Thomson Reuters. In 2017, the market grew 11% and while recent expansion has been slower in core markets, such as the Gulf and south-east Asia, future trends are significantly rosier.