Wells Fargo entered into a data exchange agreement with data platform Plaid, which will allow Wells customers to more securely share their financial data with the financial tools on Plaid’s API. read more
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
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
Cloud-based technology touches almost every aspect of our life, from consuming news and entertainment to travel to simply communicating and connecting with each other. The cloud surrounds us and serves as the connecting force between technology and our daily routines.... 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.
The American Association of Commercial Finance Brokers hosted its annual conference this past May in (viva!) Las Vegas. Paul Burnham provides a rundown of the three-day event, which offered attendees the chance to learn, network, and, in the spirit of its host city, maybe go home with an extra prize or two.