People's United Bank expanded its Commercial Specialty Business with the formation of a Lender Finance team. The team will be led by Patrick Lee, managing director, head of ABL Lender Finance. read more
The ELFF released the September 2019 Monthly Confidence Index for the Equipment Finance Industry. Overall, confidence in the equipment finance market is 54.7, a decrease from the August index of 58.9. read more
Tracy Kerrins joined Wells Fargo as its new chief information officer of Enterprise Functions Technology. Kerrins will report to Saul Van Beurden, head of Technology and be based in Charlotte, NC. read more
As part of its efforts to make buying equipment easier, Ritchie Bros. has created PriorityBid, which will allow buyers to make proxy bids online for items in its live auctions up to a week before the sale. read more
AI and robotics process automation are hot topics. How close is the equipment finance industry to adopting these trends and how will it affect large and small lessors? Katie Emmel: AI and robotic processes have the potential to deliver great... read more
University of Pennsylvania organizational psychology professor Adam Grant once said, “The hallmark of originality is rejecting the default and exploring whether a better option exists.” Consider the story of eyeglass company Warby Parker. As college students buried in debt and... read more
Funder and vendor partnerships have long been a staple of the financing industry, and a good partnership can benefit both parties. But unexpected changes can catch vendors flat-footed, especially if adherence to their contracts won’t allow for adapting to new circumstances. Diane Croessmann examines some of the ways these partner programs work, along with what changes can cause them to malfunction.