Experian: EVs accounts for nearly 1 in 5 of all new leases in Q4
Thursday, Mar. 6, 2025, 01:49 PM
Auto Fin Journal Staff
Electric vehicles are continuing to get a surge of market share via leasing. According to Experian’s State of the Automotive Finance Market Report: Q4 2024, more than 50% of new EV purchases were leases, and EVs accounted for nearly 20% ... [Read More]
BlackSwan Cyber offering free analysis during M&A Cybersecurity Awareness Month
Wednesday, Mar. 5, 2025, 11:20 AM
Auto Fin Journal Staff
To support M&A Cybersecurity Awareness Month, BlackSwan Cyber is offering complimentary cyber screening throughout March, providing lower middle-market deal teams with a fast and efficient way to assess cyber risks before closing. The boutique M&A advisor, exclusively focused on helping ... [Read More]
Solifi taps Oberoi as chief product officer
Wednesday, Mar. 5, 2025, 11:18 AM
Auto Fin Journal Staff
On Tuesday, Solifi, a global fintech software partner for secured finance, announced the appointment of Karan Oberoi as its new chief product officer. The company said Oberoi brings a wealth of experience to Solifi, having previously served as chief product ... [Read More]
Origence looks to build on $53 billion in annual originations for credit unions with more technology
Monday, Mar. 3, 2025, 11:11 AM
Auto Fin Journal Staff
Origence said last week that it closed 2024 with $53 billion in auto-finance funding, serving 2 million members at credit unions that use its lending technology solutions. And it’s in position for even more growth this year. The company supports ... [Read More]
S&P Global Market Intelligence broadens RiskGauge and Credit Analytics solutions coverage
Monday, Mar. 3, 2025, 11:09 AM
Auto Fin Journal Staff
S&P Global Market Intelligence announced enhancements on Monday for its RiskGauge and Credit Analytics corporate entity coverage. The provider of information services and solutions to global markets highlighted that the move expands access to a database of more than 400 ... [Read More]
CARFAX launches new score for auto insurance risk assessment
Tuesday, Feb. 25, 2025, 02:38 PM
Auto Fin Journal Staff
CARFAX is introducing a new way for insurers to assess vehicle value and risk. The vehicle history report provider announced it has teamed with actuarial consulting firm Pinnacle Actuarial Resources to develop a score designed to “modernize and replace traditional ... [Read More]
Botdoc appoints Croshaw as executive vice president of automotive sales
Monday, Feb. 24, 2025, 11:37 AM
Auto Fin Journal Staff
Botdoc.io announced the appointment of Paul Croshaw as its new executive vice president of automotive sales. With more than 22 years of experience in the automotive industry, the provider of secure digital solutions for dealerships and finance companies said last ... [Read More]
Report: Critical gaps remain in automotive cybersecurity
Monday, Feb. 17, 2025, 11:12 AM
Auto Fin Journal Staff
Upstream Security, a provider of a cloud-based cybersecurity and data management platform purpose-built for the automotive, smart mobility, and IoT ecosystem, recently released the 2025 Automotive & Smart Mobility Cybersecurity Report. Now in its seventh year, the report highlights that ... [Read More]
Free Wolters Kluwer webinar to help lenders leverage electronic collateral
Monday, Feb. 17, 2025, 11:11 AM
Auto Fin Journal Staff
Wolters Kluwer is hosting a free webinar at noon (ET) on Wednesday titled, “Strategies to Pledge Electronic Collateral to the Federal Reserve Bank.” Wolters Kluwer explained that pledging an auto loan is an important option for auto lenders because it ... [Read More]
Former BMO exec joins First Business Bank as president of specialty finance
Monday, Feb. 17, 2025, 11:10 AM
Auto Fin Journal Staff
Last week, First Business Bank welcomed Niamh Kristufek to its parent company, First Business Financial Services, as president of specialty finance. With extensive financial services experience, First Business Bank said Kristufek provides strategic guidance and expertise to its accounts receivable ... [Read More]
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