The credit business remains affected by increasing globalisation and pressure on margins. Added to this are legal requirements which have come about, such as Basel III, the new tasks in retaining profitability and the financial institutes’ credit business strategies.

Current challenges in the lending landscape are varied: topping the list of most financial institutions are lowering costs without restricting services, alternative refinancing options in addition to increasing yield in sales. Apart from that, the overriding challenge of adapting and managing the longterm change process quickly and efficiently needs to be faced in order that regulatory and strategic requirements are always attained.

Credit experts at Firstwaters boast many years of experience in having worked in a bank or building society prior to at Firstwaters, for retail clients as well as corporate.