Risk management and innovation are the top priorities for leasing companies in 2013, according to a survey by global solutions provider Linedata of general management, IT, finance and sales & marketing departments from 60 credit and leasing firms.
More than two-thirds (68%) of those surveyed put risk management as their top priority for 2013, with the number even higher within the consumer credit and vehicle leasing sectors.
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The results also suggested lending firms will focus less on global expansion and more on growth through product innovation, such as the development of front office tools and extending the range of financial products and services offered. The latter was identified as a major challenge particularly within the leasing sector.
Finally, the survey, which was carried out between mid-October and the end of November 2012 to identify the challenges and strategic changes lending firms confronted in 2012 and the main priorities that lie ahead for in 2013, found cost optimisation remained a constant concern.
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