As new ways to monitor risk become
more in demand, technology will continue to be a core element of
lessors’ needs in 2010.
Also, today’s major software systems now have
multi-currency, multi-language and multi-GAAP capabilities in place
which are expected to attract increasing interest from lessors
across Europe and beyond.
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Besides these investments in systems geared to
improving efficiency, there is also a greater focus on real-time
data to help detect signs of default more quickly and increase a
lessor’s ability to detect fraud.
Many lawyers predict that levels of fraud will
not decrease in 2010, and therefore lessors might also want to look
into implementing automated fraud detection systems to help
intercept fraudulent applicants and fraudulent matches at every
stage of the process.
A number of lease software companies are also
expanding as they look for further opportunities in 2010.
CHP Consulting has announced it will open
three new offices in Frankfurt, Paris and Stockholm to serve
Europe’s major leasing markets with its recently developed ALFA v5
system.
White Clarke Group (WCG), on the other hand,
opened a new office in Turkey in the final quarter of 2009, and
expects to be able to close a number of deals with local players by
early 2010.
Peter Kainradl, MD of WCG Europe, said the
Turkish office will provide a bridge to the Mediterranean
market.
NetSol Technology, too, is forming a
wholly-owned subsidiary in China, and it expects the new unit to
contribute a quarter of total NetSol revenue in 2010.
Antonio Fabrizio
