Advent Resources partners with RouteOne to streamline financing & vehicle delivery
Wednesday, Nov. 29, 2023, 12:13 PM
Auto Fin Journal Staff
Advent Resources and RouteOne announced a collaboration this week with the goal being to centralize and digitize car deals, drastically reducing inefficiencies in the traditional process. The companies are looking to enhance the e-contracting process, reduce per-deal personnel costs, and ... [Read More]
Socure unveils Sigma Synthetic Fraud v4 with ‘proof of life’ data sources
Monday, Nov. 27, 2023, 11:12 AM
Auto Fin Journal Staff
Socure, a provider of artificial intelligence for digital identity verification, fraud prevention and sanctions screening, recently launched Sigma Synthetic Fraud v4. The company highlighted the product uses advanced machine learning and diverse, third-party and network feedback data to uncover patterns ... [Read More]
PODCAST: How data scientists flourish in automotive
Wednesday, Nov. 22, 2023, 10:39 AM
Auto Fin Journal Staff
This episode of the Auto Remarketing Podcast begins with a simple question. What is a data scientist? Black Book chief data scientist Alex Yurchenko answered that question and explained why those experts do so well in automotive during this conversation ... [Read More]
TransUnion and S&P Global Mobility spot strong credit profiles among EV buyers
Monday, Nov. 20, 2023, 11:10 AM
Auto Fin Journal Staff
There’s a good probability that individuals will remain current on their installment contracts for electric vehicles. A new TransUnion study conducted in collaboration with S&P Global Mobility found that as the share of new-vehicle registrations for EVs rose, the credit ... [Read More]
Bank of America enhances digital car shopping & financing tools
Wednesday, Nov. 15, 2023, 12:02 PM
Auto Fin Journal Staff
Bank of America wants more of its customers to use its auto financing options to take delivery of their next vehicle. So, on Wednesday, the institution introduced new digital capabilities to support consumers during their vehicle shopping and financing journey. ... [Read More]
DigniFi and Dealer Pay partner to help consumers finance & pay for vehicle repairs
Wednesday, Nov. 15, 2023, 12:02 PM
Auto Fin Journal Staff
Perhaps as exciting for dealerships as when customers walk into the showroom and service drive is the point when those individuals get set to pay for whatever has just been provided. This week, DigniFi, a fintech company specializing in automotive ... [Read More]
Tenet raises another $30M to grow EV financing platform
Wednesday, Nov. 15, 2023, 12:01 PM
Auto Fin Journal Staff
Tenet Energy, a climate fintech platform that helps consumers and businesses drive electric vehicles for less, announced on Wednesday that it has closed a funding round of more than $30 million, including more than $10 million in Series A investment ... [Read More]
CUNA and NAFCU members approve merger to create single credit union association
Thursday, Nov. 2, 2023, 01:51 PM
Auto Fin Journal Staff
By overwhelming majorities, members of the Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions (NAFCU) have voted in favor and approved the merger to form America’s Credit Unions. Of those institutions that participated according to a ... [Read More]
Wolters Kluwer: Digital transformation makes notable move when compared to 2020
Tuesday, Oct. 31, 2023, 05:00 PM
Auto Fin Journal Staff
Wolters Kluwer announced third quarter results and analysis from its Auto Finance Digital Transformation Index this week. The project tracks the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution from paper-based finance ... [Read More]
Free white paper from Nordis Technologies offers path to improve consumer billing & payments
Tuesday, Oct. 31, 2023, 04:47 PM
Auto Fin Journal Staff
The focal point of a new, free white paper from Nordis Technologies claimed that cloud applications for personalizing consumer billing and payment experiences can make a big difference in whether auto finance companies get paid and keep contracts current. Authors ... [Read More]