VIDEO INTERVIEW: David Woodroffe, VP Product Management, Risk, Credit and Lending, FIS Global explains that when companies are reviewing their technology investment strategy, there’s always a level of risk involved in the investment. According to Woodroffe, it is important for companies to understand that software investment has changed, and today software deployment has moved into a continuous integration and deployment process.

Woodroffe also discusses artificial intelligence (AI), saying that by providing open APIs to access large data sets, companies can create greater efficiencies and expect better actions from their platform.  According to Woodroffe, many organizations are currently positioning themselves to respond to changes in the future, and as a result FIS Global is seeing organizations invest in their foundational architecture – which also enables them to integrate accounting and regulatory changes as required. Ultimately, having a foundational layer is a key investment strategy, and on top of this, being able to respond to changes in the future critical. 

Equipment Finance Advisor’s Thought Leadership Videos feature interviews with subject matter experts and leaders from bank-owned equipment finance companies, leasing companies, banks, independent commercial finance companies, consultants, service and product providers and more – offering their candid thoughts in interviews broadcast via Equipment Finance Advisor’s YouTube Channel.