2024 Secured Finance Industry Technology Survey – Limited Report
by Secured Research and Data Solutions
Secured Research and Data Solutions, a Monitor/ABF Journal joint venture, is pleased to present the 2024 Secured Finance Industry Technology Survey, sponsored by Solifi. We invite you to review the limited release of this research below and to access the full report with your Monitor Suite membership.
Survey Highlights
734 executive leaders, 216 firms, 53 of the Monitor 100 and 27 of the top 50 asset-based lenders recently participated in the survey to reveal key insights on recent technology trends.
According to the survey, less than 20% of equipment finance leaders and 25% of ABL leaders see their firms leveraging emerging technologies.
Based on survey responses, the second largest obstacle to adopting new breakthrough technologies across the secured finance industry is “resistance to change.”
In the research, we measure responses, offer drill-downs and deliver key takeaways in the following areas:
Organizational commitment to digital innovation
What functional areas will technology advancements be needed most urgently
If, how and where companies are investing in emerging technologies
Promising areas of growth and innovation
(Equipment Finance Only) As-a-service, usage-based and consumption model trends
And 13 additional critical topics!
A free limited version of the report is available now. The full report is available with your Suite membership. Become a Suite member here.
Patrick Gaskins,
Senior Vice President Fleet Solutions,
Corcentric Capital Equipment Solutions
July 2024
Though a traditional broker relationship is beneficial, it comes with a cost that is often too significant for small fleet owner-operators. Digital freight marketplaces, known as no broker freight load boards, can eliminate these broker fees and put more money into small fleets’ pockets.
Looking to grow its commercial and industrial banking segment, leaders of Alerus Financial launched an equipment finance vertical in June 2024, representing the first, full-service equipment finance division in the bank’s history. Brian Scott, who is leading the vertical, has short- and long-term goals in place to establish its value proposition both within the bank and the broader equipment finance sector.