The finance academic who co-founded the Leasing Foundation in 2013 has launched a fresh enterprise focusing on tech, finance, professional development, and market education.
Peter Thomas, executive director of the Leasing Foundation, has set up The Future Finance Network, a collaboration between finance industry figures, with hubs in Australia, China, Korea, Europe and the US.
‘The network has been formed with the stated intention to encourage thinking about the evolution of the financial ecosystem as new technologies change the nature of business models, value chains and the customer experience’, wrote Thomas in a release.
The Leasing Foundation has previously overseen the launch of an asset finance Masters course at Falmouth University, where Thomas is a visiting professor of Financial Innovation.
Thomas said: “We have been extraordinarily fortunate to be able to bring together a global group of highly-experienced professionals who have enormous experience of a wide range of finance companies and markets, have led their organisations through transformational change, have created market-changing fintechs, created and refined new strategy and who have practical, hands-on experience of emerging technologies and the design of customer experiences.
“Technology is the catalyst for change, and the way to support and manage change at velocity is through harnessing then thinking of a global network of highly experienced colleagues in an agile, transparent collaboration. We aim to challenge assumptions, drive new thinking and pose new questions – and to prepare for the future of technology and finance.”
Initial projects for the Future Finance Network include PowerUP LONDON, the first in a series of global pitch competitions for fintechs who aim to redefine the nature of SME, auto, fleet and equipment finance.
The Future Finance Network will also run Circle, an intensive global executive development programme for senior leaders, and Playbooks, a series of guides to the key issues facing finance organisations.
As well as Thomas, the Future Finance Networks founders include Jonathan Andrew, former global chief executive officer, commercial finance, for Siemens Financial Services, John Hooper, non-executive director at Cumberland Building Society, and Ian Smith, chief executive officer at 1pm.
The Leasing Foundation is also hosting a series of technology debates. The first was on the asset finance industry’s relationship to technology and featured James Alexander, co-founder of P2P lending company Zopa.