Industry experts debate digital future of automotive financing sector at Motor Finance Europe 2022
Updated: Oct 23, 2022
The Motor Finance Europe Conference & Awards 2022 took place yesterday at The Rit—Carlton in Berlin. The event bought together leading experts from all over Europe to discuss the latest regulatory landscape, technological innovation and strategic developments facing the automotive financing sector.
In attendance were industry leaders and C-Level executives from FCA Bank, Close Brothers Asset Finance, QV Systems, Lloyds Banking Group, KMPG and many more.
During the day, panels and presentations took place, with key topics of discussions including the changing future of the motor finance industry in an uncertain economy, delivered by Christopher Ley from Berylls Strategy Advisors, the evolving relationship between financial services and the real economy, from Klaus Entenmann for Mercedes-Benz Auto Finance Ltd., and the future of digitalisation in the motor finance industry, led by Ian Plummer of Auto Trader.
Other key panel discussions throughout the day explored the opportunities and challenges of delivering electric vehicles to customers via new means.
After the main conference, the Motor Finance Europe Awards Ceremony took place, with FCA Bank, KPMG WPG AG and AutoTrader walking away as big winners.
Speaking from the event, Daniel Layne, CEO of QV Systems, said: “The widespread digitalisation of consumer facing services, particularly post-pandemic, has had a knock-on effect across all industries; and in the automotive leasing and finance sector, there is demand for a new kind of digital journey to that traditionally on offer. Cloud-enabled apps and ‘always-on’ customer services are natural upgrades to leasing and finance services, but we are now also seeing a shift in new business models, via car subscriptions, for example.
“Automotive financing companies will have to adapt to these changes, juggle the management of their existing products and models whilst introducing a new wave of solutions; and of course maintaining profitability.”
