APPLICATIONS NOW OPEN - JADE FINANCE TERTIARY STUDIES SCHOLARSHIP 2022-23 - Up-to $5000 (AUS) TO BE AWARDED
Supporting Australian students. Advancing innovative ideas and insights in financial services delivery.
As part of our community support program, Jade Finance Australia is awarding $5000 academic scholarship to empower an undergraduate or masters student advance their studies in the fields of finance, business and commerce. The Jade Finance Scholarship will be awarded to the applicant, selected by our expert panel, who has been judged to have submitted the most outstanding response to our selection criteria theme: Trends, changes and impacts on the finance lending sector.
Some ideas on what you might want to write about:
In preparing your written response, here’s a few ideas to consider:- the long-term effects of changes to the way consumers shop as a result of the coronavirus pandemic and how motor vehicle dealers and lenders adapted the way they connected with buyers; the rise of fintechs and how that may permanently change traditional delivery of lending car finance services; the shift to electric vehicles and how this may impact lending; changes to consumer credit laws and how lenders may need to adapt to meet the implications of such changes; and how global climate targets for 2050 may impact the number of vehicle sales and how that may flow through to the motor vehicle lending sector.
We’ve prepared a few ideas which may assist you to shape your written response:- what changes should lenders make to their business model to cater for the increase in boat ownership due to travel restrictions imposed due to coronavirus; how should traditional lenders and particularly brokers adapt their approach to compete with manufacturer and dealer finance which is presented as a convenience to boat buyers; and does the lending sector need to develop more innovative consumer loan products to suit the increasing high prices of luxury cruisers.
To assist you in preparing your written response, we offer a few ideas for your consideration:- the sales of caravan surged during the COVID-19 pandemic as more consumers looked to caravanning as an alternative to other forms of travel. How should the lending market adapt its consumer product ranges to suit the growth in the recreational and leisure market? Are current consumer loan products meeting the demands of consumers? How will the rise of fintechs impact the current lending landscape in regard to caravan finance loans? How should banks, lenders and brokers adapt to address the growth of the ‘buy-now-pay-later’ sector?
In preparing your written response here are a few ideas to consider:- the current historic low interest rates combined with COVID-19 stimulus measures have made buying new trucks very attractive, is this sustainable moving forward; how should lenders adapt to ensure they can maintain the momentum of 2022/23; with the increasing shift to self-employment and owner/operator/contractor/sole trader borrowers, are the current commercial lending facilities and traditional lenders meeting the needs of this truck finance sector; what changes to lending are required in response to changes in truck technology; should lenders adopt a greater climate change-consciousness to be in line with truck emissions technology; what changes to their business model should lenders adopt to safeguard against impacts from international economic outcomes.
We’ve prepared a selection of ideas to spark your own thoughts in shaping your written response. Asset acquisition has been a key area of interest during 2022/23 with low interest rates and government support measures motivating businesses to invest in new equipment. But is the traditional lending business model and approach keeping up with changes to business? How should commercial lending equipment finance products adapt to suit the growth of SMEs? Is the lending sector meeting the needs of regional businesses? How can lenders adapt to meet impacts to the customers of sudden changes to international trade relations? How should the traditional lending scene adapt and embrace to meet the challenges of fintech? Will the growth in fintech truly replace the more tailored and personal approach of traditional lenders in meeting the individual needs of business?
To assist you in preparing your written response, we’ve prepared some of our own ideas as a guide:- should and if so how should traditional lenders and brokers adapt to take on the growth in buy-now-pay-later consumer loan products; how should brokers adapt to compete with the perceived convenience of manufacturer and dealer motorcycle finance; how will lenders need to adapt to the changes in consumer credit laws; motorcycle buyers can tend to be more contemporary and demand a more contemporary lending service, how will online lending services need to adapt to meet the demand while still implementing the necessary safeguards in place with in-person lending models.