Asset finance providers are losing the battle
It’s well documented that loans are becoming an increasing important part of an asset finance broker’s arsenal. Established lenders are missing out.
Last week, one observer suggested to me that over the last few years, the ratio of asset finance to loans in the market has moved from 90/10 to 60/40. In response, a growing number of asset finance providers have looked to offer loans as an add-on to their HP and leasing proposition.
Typically, these asset finance providers have failed to achieve full volume potential, losing out to specialist loans companies who have embraced technology, offering a more streamlined customer journey.
That’s why a significant challenger bank turned to ConnectedFi to develop its loan journey, both through the broker channel and direct to end customers.
Whatever type of loan you provide, thanks to our super-flexible workflow the customer journey can be tailored to the specific nuances of your business and fully integrated with any bank systems or data sources you require.
And of course, ConnectedFi gives you access to a network of over 160 brokers who regularly use the platform to send proposals to lenders.
If loans is an area for growth for you, or you’re concerned that you’re not achieving your volume potential, let’s arrange an initial call to see if we can assist you.
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