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Lender Operations

Gen AI to boost customer loyalty, Forrester says

byVaidik Trivedi

October 8, 2024

Financial services providers are exploring generative AI uses for coding, customer service and document automation and FIs are looking to...

Office buildings under construction in the Poblenou district of Barcelona, Spain, on Friday, Aug. 23, 2024. European office space take-up rose 9% in the second quarter from a year earlier, partly driven by the finance and insurance sector and the enforcement of return-to-work mandates. Equipment financiers

Lender Operations

Specialty equipment financiers see mixed results

byJohnnie Martinez II

October 3, 2024

Equipment financiers saw a mixed quarter as the lending environment remained tight. Many equipment financiers await the possibility of a...

Attendees and traders fill the trading floor as Volkwagen AG's Traton SE truck unit makes its initial public offering (IPO) at the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Friday, June 28, 2019. Volkswagen raised 1.55 billion euros ($1.8 billion) selling a stake in its trucks business, but only after pricing the offer at the low end of a target range to attract investors to one of Europes biggest initial public offerings this year.

Lender Operations

Traton Group revamping financial offerings

byJohnnie Martinez II

October 2, 2024

Transportation equipment manufacturer Traton Group is upgrading financial services across its truck and bus brands to meet consumer needs. Traton...

Tourists wait to watch the water fountain show from the Souk Al Baher, outside the Dubai Mall, in Dubai, United Arab Emirates, on Saturday, Nov. 7, 2015. Home prices in the emirate dropped 12 percent in the 12 months through June, the biggest decline among 56 residential markets tracked by broker Frank Knight LLP.

Lender Operations

Tougher regulations can aid ‘good’ brokers

byJohnnie Martinez II

October 1, 2024

Equipment finance brokers are facing increasing scrutiny as bad brokers attract regulators’ attention, but regulations can benefit good brokers. Equipment...

An apartment complex under construction in Atlanta, Georgia, US, on Wednesday, Sept. 18, 2024. Inflation rates fell under 2% in Atlanta for the first time in almost four years and dropped significantly across the South, providing some relief to consumers, and potential voters, in regions that will be key to the outcome of the US presidential election.

Lender Operations

9 equipment finance executives to watch in 2025

byJohnnie Martinez II

September 27, 2024

Dealers, lenders and manufacturers are advancing the equipment industry as opportunities, procedures and technologies emerge in equipment finance and operations. ...

Lender Operations

Many in equipment finance waiting for 2nd rate cut

byQuinn Donoghue

September 25, 2024

The equipment finance sector was stuck in neutral last month as many businesses waited for the Federal Reserve’s decision on...

A systems check area at a Lenovo Group Ltd. research lab with a focus on artificial intelligence in Bengaluru, India, on Tuesday, Sept. 17, 2024. Lenovo started building AI servers in Indias south, the latest boon for the rapidly growing country's push to become a high-tech powerhouse.

Lender Operations

Efficiency a ‘North Star’ for tech adoption

byJohnnie Martinez II

September 25, 2024

Identifying and following one target area is key for equipment finance firms looking to successfully increase their technology adoption. “As...

A pickup truck drives past an Arvest Bank branch on the square in Bentonville, Arkansas, U.S., on Thursday, May 28, 2020. The annual Walmart Inc. shareholder celebration attracts a varied crowd who pour money into the hotels, bars and restaurants in and around the retailer's hometown of Bentonville, Arkansas. The Covid-19 pandemic forced Walmart to pivot to a virtual gathering on June 3.

Lender Operations

4 lending trends to look for in the next year

byJohnnie Martinez II

September 24, 2024

LAS VEGAS — Equipment financiers and other small business executives foresee trends such as regulations and consolidation affecting the lending...

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