An in-depth look at the effects of rate for risk on the US market as an indicator of the likely effect of its introduction in the UK. The second in a two session series of webcasts sponsored by NETSOL Technologies.
According to a 2017 study of 2.4 million auto loans by 326 different financial institutions in 50 states, 54% of auto loan borrowers did not get the lowest interest available to them!
In a world of rate for risk, David Betteley, Head of Auto Finance Community for Asset Finance Connect talks to industry leader Peter Minshall, Executive Vice President, North America at NETSOL Technologies who, after 30+ years in the industry, shares his honest insights on the future of rate for risk, how the rise of new technology may mean customers get the upper-hand and what does the future hold for the UK market?
Topics to be covered include:
- Will the new online traders like Cazoo and Cinch transform the traditional brick and mortar auto dealership market?
- What are customers looking for today and how can the industry pivot, remain competitive and relevant, to continue to meet and exceed customer expectations?
- How can new technology drive transparency, industry-wide standardisation on credit scoring and fairness in its execution for the borrowers?