As on-demand streaming services like Netflix and Spotify transform the expectations of digital consumers, auto lenders will need to “respond quickly” when it comes to funding requirements, Christer Holloman, chief executive and co-founder of Divido, told attendees at the International Auto Finance Network conference in London.
“Consumers want things straightaway, they have little brand loyalty, and they are very wary about how they’re going to spend their money,” Holloman said. “I believe this is opening the floodgates for disruption.”
