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A new education platform designed to provide a comprehensive education on commercial and asset finance loan writing has been launched by the broker association.
The Commercial & Asset Finance Brokers Association (CAFBA) has launched a new education platform designed to help brokers, lenders, and aggregators enter or upskill in the commercial finance market.
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Officially launched at an event in NSW Parliament House on Thursday (20 February) by CABFA and Bill Shorten (former opposition leader and current vice-chancellor of the University of Canberra), PACE Premium offers both CAFBA members and non-members access to training resources on key commercial finance topics such as cash flow analysis and business lending.
Courses cost $75 each (with options for bulk licensing by aggregators).
The online educational content, built by education providers, the Institute of Strategic Management (ISM), has reportedly been “years in the making” and aims to provide a comprehensive overview of commercial finance, ensuring that those entering the space are appropriately educated and enhancing professionalism in the industry.
It includes modules on:
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Products (such as chattel mortgages, asset leasing, cash flow financing, and credit contracts), compliance and regulatory situations (such as money laundering and financial elder abuse), and credit submission development.
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Financial claims scheme.
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Trusts and corporations structuring.
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AI and cyber security.
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Profit and loss statement analysis.
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Business marketing.
The content is applicable to lenders, aggregators, and brokers alike and has short courses with a heavy credit and product focus, as well as the formal qualifications.
Noting the launch of PACE Premium, Sharon Piening, CAFBA vice-president and chair of the Education Council, said: “PACE is more than just compliance – it’s about staying ahead in the industry, developing expertise and building a stronger career pathway for finance professionals.
“With structured learning modules including financial analysis, cash flow lending, sales, fraud awareness, practical insights from industry experts and much more.”
David Bushby, CAFBA CEO, said: “CAFBA is passionate about promoting the highest levels of knowledge and professionalism in the industry. It underpins our self-regulatory status and delivers best outcomes for clients and all participants. Ensuring financial professionals can access relevant, current, easily accessible and evolving courses that help build their knowledge and understanding, is a key part of that.
“We are always looking for new ways to enhance professionalism in the industry and the development of these courses add significantly to the resources available to support the entire industry’s growth.”
The CEO said that CAFBA was “honoured” that Shorten had agreed to assist with the launch of PACE Premium last week, saying that the politician-turned-university-vice-chancellor is particularly interested in ensuring those working in the financial services sector have the appropriate theoretical and practical knowledge to deliver the most professional services to their clients.
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