Path to unlocking $120B in automotive revenue via blockchain
Monday, Feb. 4, 2019, 03:41 PM
Auto Fin Journal Staff
Since blockchain is establishing its presence in the automotive sector, strategy and marketing consultancy Simon-Kucher & Partners projected after dissecting recent study findings that the revenue potential for this technology could ramp up to be nearly $120 billion by 2030. ... [Read More]
RouteOne COO departs after 17 years
Thursday, Jan. 31, 2019, 08:12 PM
Auto Fin Journal Staff
RouteOne said on Thursday that one of its longest-tenured executives — chief operating officer Brad Rogers — announced his resignation to take leadership of an organization in an adjacent industry. And it appears it’s going to take five other RouteOne ... [Read More]
Outsell highlights 45% revenue growth and update to AI-fueled marketing tool
Wednesday, Jan. 30, 2019, 02:59 PM
Auto Fin Journal Staff
Artificial intelligence appears to be generating some real revenue in the automotive space. Coinciding with a major update to its flagship platform, AI-driven marketing automation platform Outsell also announced strong 2018 financial results, with direct revenue up 45 percent over ... [Read More]
Equifax study examines what dealers and finance companies want to remain competitive
Monday, Jan. 28, 2019, 04:20 PM
Auto Fin Journal Staff
With the vehicle-financing process in constant evolution, the demand for dealerships and finance companies to handle consumer concerns is growing, too. A new commissioned study conducted by Jabian Consulting on behalf of Equifax confirmed that dealers and finance companies alike ... [Read More]
AmTrust and Endurance Dealer Services set to deploy VSC that covers electric vehicle batteries
Monday, Jan. 28, 2019, 04:18 PM
Auto Fin Journal Staff
The finance industry is responding to the need for consumer protection for owners of vehicles fueled by battery power. AmTrust Financial Services, a leading specialty commercial property and casualty insurer, together with Endurance Dealer Services, a provider of extended vehicle ... [Read More]
IHS Markit unveils forecasting solution to updated credit loss standard
Monday, Jan. 21, 2019, 03:38 PM
Auto Fin Journal Staff
IHS Markit is leveraging its scale in the economic and technological worlds to help banks and finance companies navigate significant accounting changes coming within the next year. The company announced the launch of its economic and financial scenario solution designed ... [Read More]
UK fintech firm lands 56 million euros in equity and debt funding
Monday, Jan. 21, 2019, 03:36 PM
Auto Fin Journal Staff
Funds to help fintech firms in Europe arrived on Monday. Fintech business lender MarketInvoice announced it has raised 26 million euros in new equity funding. This Series-B funding round was led by Barclays and fintech fund Santander InnoVentures with significant ... [Read More]
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]
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