Alfa, provider of Alfa Systems, announced its latest piece of thought leadership in Digital Directions 3.

Bringing a conclusion to a series that began in 2017, Digital Directions 3: Building a digital ecosystem for asset finance draws on industry experts’ input to understand a future in which technology’s power is channeled not by individual operators, but by many participants, who collaborate on delivering new value that exceeds the sum of its parts.

Andrew Flegg, Alfa’s Chief Technology Officer, said: “Where technology providers would once equip their customers with proprietary, standalone, end-to-end platforms, these days it’s much more likely to be discrete, modular applications that interact seamlessly with others. The goal for today’s customers - and providers - is to embed all technology in a wider digital ecosystem; an ecosystem that provides cutting-edge capabilities and can be developed by the provider, its clients, or specialist third parties.

“Digital Directions 3 offers insight into the emerging role of technology providers as ecosystems enablers, and discusses the current opportunities to deploy these ecosystems in a way that meets the needs of the auto and equipment finance industry,” he said.

The first Digital Directions report explored leading industry opinion on how digitalization was changing asset finance. Digital Directions 2 looked specifically at how the retail, fleet and equipment finance sectors were responding to those changes. Then the pandemic put digitalization top of the agenda for companies around the world.

Digital Directions 3 was produced in partnership with Asset Finance Connect. Read more at alfasystems.com/dd3.