Credit union roundup: New leader at Randolph-Brooks; First Heritage taps CULA
Monday, Dec. 4, 2023, 11:10 AM
Auto Fin Journal Staff
One of the largest credit unions in Texas will have new leadership in March, going with an executive who has been with the institution for almost 25 years. The board of directors at Randolph-Brooks Federal Credit Union (RBFCU) recently chose ... [Read More]
COMMENTARY: Numerical path to build EV gross & still boost consumer affordability
Wednesday, Nov. 29, 2023, 12:23 PM
John Possumato, DriveItAway
The inventory of even moderately priced (with OEM incentives) electric vehicles already has grown to double the average day’s supply of ICE units, even before the onslaught of 100 new EV models coming on the market in the next 30 ... [Read More]
NETSOL Technologies picks first chief marketing officer
Wednesday, Nov. 29, 2023, 12:14 PM
Auto Fin Journal Staff
In a strategic move the provider of SaaS solutions and IT services said is meant to bolster its global marketing initiatives and drive further growth in its specialized sectors, NETSOL Technologies announced its first chief marketing officer. Appointed to the ... [Read More]
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]