Auto Finance by far is the first business retail banks were involved with!
Nothing much has changed in the last thirty years in either the business acquisition model or portfolio management except:
In addition to the Auto Finance Business, SBL International strategic partnership with a UK based company. We are in a position to offer the latest and significantly tested Physical Asset Management and Control Systems that can work with multiple approved Tracking Devices.
This system is being successfully run by leasing companies, large fleet owners e.g. huge retailers, Taxies and Railway company.
Is an interesting Digital innovation in the automotive finance industry
Automotive as we all recognize is a huge retail segment in the market(moving away from the usual repeated payments technology)
The system designed to secure assets and build profitability, an Independently managed digital platform, Fintech in true sense.
Confidently, this piece of innovation sets the stage in the retail banking for enormous growth venues