Future of mobility: Impact on Banking Future of mobility: Impact on Banking

Financing for Electric Vehicle (EV) corporate fleet transitions: As corporate fleets transition to electric vehicles, there will be a significant demand for asset financing products that help them spread the cost of transitioning fleets and charging infrastructure for electric vehicles.

Finance companies expected to increasingly offer bundled propositions: These will integrate vehicle provision alongside fleet services, payments for transactions, charge point access and parking, as a one-stop shop for consumers and businesses. This is expected to drive partnership and alliance activity between these organisations and respective suppliers.

Merchant acquiring for emerging mobility platforms: Banks could stand to gain significant transaction volume by building relationships with emerging mobility service providers that are likely to need support processing a large volume of consumer payments relating to mobility.

Counterparty risk for outdated business models: As sectors within the mobility ecosystem become disrupted, financial institutions will need to re-evaluate the risk profile of their lending counterparties, making difficult decisions to allocate future capital in the face of uncertainty.