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The Commercial & Asset Finance Brokers Association of Australia (CAFBA), the peak body representing commercial and asset finance brokers in Australia, and the National Equipment Finance Association (NEFA), which represents the US equipment finance and leasing community, said the agreement reflects a shared focus on driving innovation, lifting professional standards, and supporting education across both markets.
The partnership is designed to deliver benefits to members of both associations while contributing to broader industry development on a global scale.
Under the terms of the memorandum of understanding (MOU), CAFBA and NEFA will collaborate on initiatives of mutual benefit to their respective members, including:
- Cross-promotion and engagement opportunities, such as participation in conferences, events, and publications hosted by each association.
- Reciprocal membership access, expanding professional networks, and opportunities for members in both Australia and the US.
- Joint research initiatives focused on industry advancement, including the ethical and effective use of artificial intelligence in finance broking.
- Educational and professional development programs aimed at enhancing the skills, standards, and capabilities of finance professionals globally.
- Advocacy and regulatory collaboration to represent and strengthen the voice of the industry before policymakers and regulators.
- Sharing of data, insights, and best practices to drive progress and efficiency within the financial sector.
Both organisations have committed to maintaining open lines of communication and will continue to explore additional areas of collaboration as the partnership evolves.
CAFBA CEO David Bushby said the agreement represents a significant step in connecting two established finance markets and creating new opportunities for members.
“By joining forces with NEFA, we are creating a bridge between two thriving finance communities. Together, we will advance education, professionalism, and advocacy on a global scale, to better serve brokers, lenders and clients alike,” Bushby said.
NEFA CEO Chad Sluss said the partnership supports the association’s broader international ambitions while delivering value to its membership base.
“This partnership marks an exciting step in expanding NEFA’s global reach, in aligning with CAFBA to share knowledge, insights, and opportunities that benefit our members and strengthen our community worldwide,” Sluss said.
The partnership took effect upon signing of the MOU and will continue as both organisations work together to build a more connected international finance community.
Related: MFAA and CAFBA hold inaugural joint meeting]