FINTECH DISRUPTION IN LEASING - The Alta Groupthealtagroup.com/wp-content/uploads/2016/09/Fintech-Disruption-in-Leasing.pdf · leasing. Mukul has held senior positions for companies
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Today’s SpeakersJohn RizziManaging Director Digital Business Advisory Practice, The Alta Group
Rizzi’s 30+ years industry experience includes executive positions at De Lage Laden, GE Capital and Heller Financial. Having led sales, operations and risk organizations, he brings a unique perspective to increasing customer service levels and maximising operational effectiveness through the use of technology
Patricia VoorheesDirector, The Alta Group
Patricia M. Voorhees, a director at The Alta Group, has over 25 years of experience in commercial finance. Her expertise focuses on forming captive financing companies, establishing vendor finance programs, and facilitating mergers and acquisitions within the commercial finance industry.
Mukul MittalEVP Product Development
Mukul has over 20 years of experience in software product development, project management and systems implementation, and has deep understanding of financial services industry, especially equipment leasing. Mukul has held senior positions for companies like Oracle, ITC Classic Finance and Bell Controls, where he successfully assisted clients across the world define the strategic and tactical roadmap, and effectively implement solutions under tight timelines. With his vast experience, Mukul is passionate about financial services applications that enable clients to simplify their processes and improve customer experience.
2. Maintaining Financial Data In The CloudIn a 2014 CIT Equipment Finance survey, it was found that many middle-market companies were investigating the
potential of cloud technology.
In fact, 82% of the respondents said their company utilized a public or private cloud in some way. With the
cost-saving benefits that cloud-based solutions offer, it is easy to see why adoption has been so widespread among
mid-sized companies that might not have robust IT budgets or departments.
5 Fintech Innovations Disrupting The Leasing Industry
● Key driver of the multi-funder Fintech business model
● Lowered the cost of entry bar for innovative entrants
➢ Leases pre-owned Harley-Davidson motorcycles, and new
Indian and Victory motorcycles
➢ Limited by their previous simple servicing solution, Chrome
Capital wanted to automate the entire lease lifecycle to
promote faster and more consistent application approvals
“With 750 dealerships across the country processing tens of thousands of lease applications annually, we need a system that enables us to service our customers at the speed of their ride.”