Jul 17, 2018
The UK asset finance market is mature and generally stable. Some might even say it’s slightly boring (but we don’t listen to them). So, after the Financial Times ran a feature article, ‘Banks warn about overheating UK asset finance market’, reporting a view that rising competition in the UK’s asset finance market is “pushing down profit margins and encouraging increasingly risky practices in the loosely regulated sector”, it seems worth taking a step back to consider the claims.
Jul 03, 2018
UK independent commercial finance company IGF has announced the appointment of Paul Edmeades as asset-based lending (ABL) director for the Midlands. Edmeades, who moves from a leading role in the underwriting team, has more than 20 years’ experience in the ABL industry, both in risk and commercial roles, holding senior positions at NMB Heller, GE Commercial Finance, and Shawbrook Business Credit. IGF’s ABL offering is targeted at customers with a funding requirement of between £1-10 million.
Mar 21, 2017
Currently the lion’s share of communications from auto financiers, in concert with their brand partners and franchised retailer networks, is delivered by conventional methods. Very often this communication is one way and doesn't promote interaction ‘in the moment’. For example, traditional posted mail and outbound telephone calls from retailers or contact centres are very much alive and kicking. Whilst these efforts are laudable, the old conventional methods are fast running out of road and they are not in sync with the habits of the 21st century consumer.