Sun, Dec 28, 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. Hong Kong-Shanghai stock link fails to live up to expectation so far[more]

    Komfie Manalo, Opalesque Asia: In a report, Reuters said that demand has been subdued with the bulk of activities coming from short-term speculative investors. Las

  2. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  3. North America - Why Steve Cohen, Connecticut hedge fund billionaire, gives so much in New York[more]

    From Insidephilantrophy.com: Billionaire Steve Cohen was born in Great Neck, New York before attending Wharton, working on Wall Street and then founding SAC Capital Advisors in Connecticut. Though his company (Point72) and foundation are based in Connecticut, Cohen and Alexandra are deeply connected

  4. Investing - Soros buys a highly speculative biotech in the third quarter[more]

    From Fool.com: …The Soros Fund bought 25,000 shares of the struggling small-cap biopharma Aegerion Pharmaceuticals in the third quarter. For those of you who haven't heard of this name, suffice to say that this was a surprising buy in light of the company's recent problems and poor outlook going for

  5. CFTC Revokes Registrations of Illinois Resident Aleks A. Kins and Chicago-based AlphaMetrix, LLC[more]

    Matthias Knab, Opalesque: The U.S. Commodity Futures Trading Commission (CFTC) today announced that it has revoked the registration of Aleks A. Kins of Chicago, Illinois, as an Associated Person and the registrations of AlphaMetrix, LLC (AlphaMetrix), a Delaware limited liability company with its