Author Bio

Rita Garwood

Managing Editor of Monitor

Rita E. Garwood is managing editor of Monitor and ABF Journal.

Posts by Rita Garwood

Innovate or Die: Lenders Must Partner with Tech Providers… or Face Disruption

What will financial services look like in the future? Speakers and attendees tackled this question at the 2018 Commercial Equipment Marketplace Council (CEMC) FinTech Innovation Summit, held at the Ritz-Carlton Laguna Niguel in June. “It was amazing to see so... read more

The Age of Omnichannel: Utilizing Technology to Meet Customers Where They Are

MONITOR: AI and robotics process automation are hot topics. How close is the equipment finance industry to adoption of these trends and how will it affect large and small lessors? GHAURI: With tens of millions of customers holding loans worth... read more

ELFA Women’s Leadership Forum: Accelerating Empowerment in Equipment Finance

Interest in the Equipment Leasing and Finance Association’s inaugural Women’s Leadership Forum was so strong the association had to turn women away. The two-day event, hosted by DLL at its Wayne, PA headquarters and presented by the ELFA Women’s Council,... read more

Innovation Finance: Verhelle Designs a Disruptive Model Built on Trust, Purpose & Humility

Bill Verhelle was having dinner with a friend in Naples, FL in late 2017 when inspiration struck. “We were talking about life and happiness,” Verhelle says. “I shared how fortunate I felt that I’d been in both my work and... read more

ELFA/IMN Investors’ Conference: Equipment ABS Market ‘Strong at All Levels’

Although the 17th Annual Equipment Leasing and Finance Association (ELFA) and Information Management Network (IMN) Investors’ Conference on Equipment Finance was scheduled for the first day of spring, it certainly felt like winter in New York City on March 22.... read more

On-Demand Vendor Finance: Creating Innovative Solutions to Exceed Customer Expectations

MONITOR: On a scale of one to 10, with 10 being the best year you could imagine, please rate 2017 and provide an explanation of your rating. What were the primary takeaways for the industry? Which trends and obstacles emerged?... read more

Top Five Private Independents: Each Creates a Unique Blueprint for Success

Monitor’s Top 25 Independents fared well in 2017, reaching a new record of $6.5 billion, thanks to a 12% year-over-year increase. But even the best years come with challenges. “Ascentium Capital’s growth has been very rapid over the last six... read more

The Worst Loans Are Made in the Best Times: Credit Managers Lead the Fight Against Complacency

In November, the National Association of Credit Management’s Credit Managers’ Index reported a combined CMI of 56.6, and its index of favorable factors jumped to the highest reading in several years (65.7). However, in December, the combined CMI took a... read more

Safety and Technology First: GAMA Eyes Customer Expectations as Flight Hours Soar

Today’s general aviation customers are similar to most consumers — they want access to the latest technology, and they expect products to adhere to safety standards. The top agenda items of the General Aviation Manufacturers Association make it clear that... read more

Commitment to Digital Business Sparks Sales: 2017 Best Year on Record Since Recession

With $3.5 trillion in global IT spending projected, 2017 is expected to be the “best year on record” since the Great Recession, according to John D. Lovelock, research vice president at Gartner. And according to its Q3/17 Worldwide IT Spending... read more

Evolving with ‘Servitization’: The Days of Buying Equipment Are Numbered

Most of us enjoy the benefits of servitization (also known as managed services or managed solutions) every day. In fact, you may be holding a piece of equipment that includes bundled services in your palm as you read this article.... read more

Evolving With Customer Expectations: Banks Remain Predominant Players in Equipment Finance

This year’s Bank 50 set new records for both collective net assets and new business volume. Of the group, 46% registered net gains in portfolio size. Our panelists, the leaders of three of these U.S. bank affiliates, share how they... read more

The Next Big Trend: Equipment Finance is Ready for a Platform

                MONITOR: According to a survey cited in ELFA’s 2016/2017 Business Technology Performance Index, 58% of respondents reported their companies as “conservative” or “beginner” in the CRM space, indicating a deliberately slow adoption... read more

Sweet Relief for the Middle Market: Monroe Credit Advisors Navigate the Credit Markets

A decade ago, if the CFO of a middle market company needed debt capital, it was as simple as picking up the phone and calling his friendly local banker. Then the Great Recession struck and banks squeezed many small to... read more

Changing the Conversation: Perry and Regions Equipment Finance Put Community First

When GE Capital veteran William Perry was looking for a career change, he interviewed with several financial institutions, but Regions Bank and its equipment finance platform stood out above the rest. “It’s a tremendous place to work, with unlimited opportunity.... read more

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