The specialty finance they are specialist banks, some even startup recently born, operating on the national territory in the supply to businesses (especially small and medium-sized ones) of credit instruments such as factoring, leasing, etc.., but also loans to families.
We have in mind the financial company that finances the purchase of the car at the dealership? Here, fall into this varied world of targeted loans, micro financing, fifth of salary and pledged loan.
You don't know what the salary-backed assignment is?
Click here!
They do it thanks to them niche work (from what we read it is not very risky and profitable), a innovative distribution models and to the specialization that allows to understand well the creditworthiness of households.
A useful report on the growth of specialization in banking is the PricewaterhouseCoopers study, where it is well explained why new ones are born in Italy player which find profitability in carrying out some niche activities compared to the traditional banking channel. Many of them are real challenger banks: they have neither physical nor online branches, and offer services only through apps and smartphones.
Alex Gaetani