Risk decisioning software provider Provenir announced on Wednesday that automotive financing provider GoFi has selected and implemented Provenir’s data and decisioning platform to assess applicant credit risk quickly for real-time financing approvals. GoFi is an AI-centric, digital-first financing platform. Built ... [Read More]

On Tuesday, the nation’s two leading credit union associations announced their intent to merge and form a new organization. According to a news release, the Credit Union National Association (CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU) would ... [Read More]

In an effort to help finance companies and other lenders verify income and employment information, Experian recently announced consumers can now choose to share information directly from their employers’ payroll service through Experian Verify when applying for credit, including auto ... [Read More]

Stretching terms concern credit unions when building their used-vehicle portfolios, but those auto finance providers don’t appear to be eliminating that practice any time soon. Over-extension on used-vehicle installment contracts is the No. 1 concern for credit unions in the ... [Read More]

Origence and Eltropy said this week that they are expanding their partnership to deliver an enhanced origination experience. The technology solutions provider for credit unions and the digital communications platform for community financial institutions (CFIs) said they’re broadening their partnership ... [Read More]

Last week, iLending promoted Nick Goraczkowski to be president after serving the auto refinance company as senior vice president and chief revenue officer for more than a decade. Goraczkowski takes over for Tom Holgate, who served as company president for ... [Read More]

Volvo retailers and Polestar Spaces now can take advantage of Dealertrack digital contracting across all lease and retail contracts through Volvo Car Financial Services (VCFS) and Polestar Financial Services (PFS). Dealertrack highlighted that connecting Volvo retailers and Polestar Spaces with ... [Read More]

The pandemic apparently created another health impact; this time on auto financing. Analysis by S&P Global Mobility and TransUnion revealed loyalty to automotive finance institutions eroded significantly during the pandemic whether customers were leasing or buying vehicles. Across new-vehicle leasing ... [Read More]

Informativ finalized a partnership with AutoFi this week with the goal being to save dealers time and potential errors. The companies are looking to accomplish this objective by pushing all the necessary information from the AutoFi credit application into the ... [Read More]

It’s likely your auto finance applicants and current customers are wary about fraud. The 2023 U.S. Identity and Fraud Report from Experian showed more than half of consumers feel they’re more of a target for fraud than a year ago. ... [Read More]