Sat, Sep 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Risk management and innovation are the priorities for credit institutions in 2013

Thursday, January 17, 2013

Beverly Chandler, Opalesque London: Global solutions provider Linedata has published the results of its second survey of the lending and asset finance industry on the priorities and challenges facing the lending and asset finance sector.

The firm found that compliance is still a major concern, but risk management now outranks it as the crucial issue for 2013. Cited as the top priority for 2013 by over 68% of survey respondents, and even more within the consumer credit and vehicle leasing sectors, risk management also reflects the concern amongst companies to conform to new regulations and continue investing heavily in their back office systems.

New innovation lay at the heart of a strategic focus for firms who wished to broaden their commercial offer with new financial products. Cutting costs were the main priorities for credit institutions in 2012. The firm believes that in 2013, the development of front office tools - an essential component in any distribution channel - is still vitally important, particularly when it comes to consumer credit, and extending the range of financial products and services offered is still a major challenge, notably within the leasing sector.

In 2013, credit establishments will focus less on their global expansion and more on growth via product innovation. Cost optimization also remains a constant concern that will continue to compel companies to streamline their processes and IT ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e