Fiserv to merge with First Data in $22B stock transaction
Wednesday, Jan. 16, 2019, 05:32 PM
Auto Fin Journal Staff
Major consolidation in the fintech space unfolded on Wednesday. Fiserv and First Data Corp. announced that their boards of directors have unanimously approved a definitive merger agreement under which Fiserv will acquire First Data in an all-stock transaction. The companies ... [Read More]
Annual Deloitte tech trends report describes climate of disruption and uncertainty
Wednesday, Jan. 16, 2019, 04:29 PM
Auto Fin Journal Staff
Deloitte focused on three new technologies in an annual report that highlights on the latest trends that experts described as creating a climate of disruption and uncertainty. The report titled, “Tech Trends 2019: Beyond the digital frontier,” explored how the ... [Read More]
Venture capital arm of Renault-Nissan-Mitsubishi invests in cloud retail platform
Wednesday, Jan. 16, 2019, 04:27 PM
Auto Fin Journal Staff
A trio of connected global OEMs is pushing more resources into streamlining the vehicle-purchase process with improved, cloud-based technology. Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, announced a new investment in digital technologies and services by investing in ... [Read More]
Former GM and Enterprise execs among Cognomotiv’s board of advisers
Wednesday, Jan. 16, 2019, 04:25 PM
Auto Fin Journal Staff
Cognomotiv, a provider of real-time data services that certify the safety, security and proper functioning of modern vehicles at runtime, recently introduced its board of advisers; a group that includes former high-ranking executives at General Motors and Enterprise Holdings. The company ... [Read More]
FICO lands 5 new patents for fraud, AI and decision science
Monday, Jan. 14, 2019, 03:42 PM
Auto Fin Journal Staff
FICO recently learned its collection of patents grew by five. Federal officials recently awarded five new patents to the Silicon Valley analytic software firm related to fraud, artificial intelligence (AI) and advanced analytics. In total, FICO currently holds 192 U.S. ... [Read More]
PODCAST: Jennifer Reid of Equifax on fintech and more
Thursday, Jan. 10, 2019, 02:31 PM
Auto Fin Journal Staff
One of the first honorees highlighted among Women in Auto Finance during Used Car Week 2018 — Jennifer Reid of Equifax — delved into an array of topics with Nick, including the subscription model as well as how companies in ... [Read More]
Report puts banks’ ongoing challenges with digital change into global perspective
Wednesday, Jan. 9, 2019, 04:58 PM
Auto Fin Journal Staff
While facing challenges on multiple fronts, report findings declared that changing customer behaviors and demands should be fueling change in the service and products retail banks are offering. Those assertions arrived as part of an in-depth study released on Wednesday ... [Read More]
CompliancePoint rolls out cybersecurity service offerings for automotive industry
Wednesday, Jan. 9, 2019, 04:08 PM
Auto Fin Journal Staff
CompliancePoint is looking to find vulnerabilities before data-driven miscreants find a pathway to leverage company information in unsavory ways. CompliancePoint, a leading provider of information security and risk management services for compliance and data security, recently established a data privacy ... [Read More]
PODCAST: Randy Dohse of NextGear Capital
Tuesday, Jan. 8, 2019, 07:42 PM
Auto Fin Journal Staff
Joe catches up with NextGear Capital's Randy Dohse at Used Car Week to talk about the B2B applications of fintech in automotive floorplan finance, how macro-economic trends impact the space, opportunities for growth at NextGear and more. The podcast discussion can ... [Read More]
COMMENTARY: It’s time to partner for the future of auto financing
Monday, Jan. 7, 2019, 04:46 PM
Cheryl Miller, Dealertrack
Margin compression is here for the long haul. In 2019 and beyond, dealers will continue to face flattening new-vehicle sales and a growing affordability issue fueled in part by rising interest rates. What’s more, the Q3 2018 Cox Automotive Dealer ... [Read More]