14 honorees among this year’s Women in Auto Finance
Wednesday, Sep. 20, 2023, 11:58 AM
Auto Fin Journal Staff
A wide array of organizations — from dealerships to finance companies to technology providers — are represented among the 14 honorees selected for this year’s Women in Auto Finance, presented by Provana. One of the award programs orchestrated by Cherokee ... [Read More]
Vero Technologies raises $8.5M for platform to help banks generate more wholesale financing
Wednesday, Sep. 20, 2023, 11:58 AM
Auto Fin Journal Staff
Vero Technologies, a wholesale financing technology and loan servicing platform, announced the close of its $8.5 million Series A funding round on Wednesday. Led by venture capital fund BankTech Ventures, Vero said it also received significant investment from Sopra Steria ... [Read More]
PODCAST: TransUnion on daily fraud exposure within auto
Friday, Sep. 15, 2023, 10:13 AM
Auto Fin Journal Staff
TransUnion recently discovered that the auto industry is exposed to synthetic identity fraud at a clip of nearly $1 million per day. During this episode of the Auto Remarketing Podcast, TransUnion vice president of fraud and identity solutions Jason Lord ... [Read More]
PODCAST: What happened over the summer on the fraud front
Friday, Sep. 15, 2023, 10:12 AM
Auto Fin Journal Staff
Point Predictive chief fraud strategist Frank McKenna returned for his regular visit on the Auto Remarketing Podcast and recapped some of the most notable developments connected to fraud that happened over the summer. McKenna also touched on how much artificial ... [Read More]
Northeast Credit Union taps CULA for indirect vehicle leasing
Wednesday, Sep. 13, 2023, 12:07 PM
Auto Fin Journal Staff
Northeast Credit Union recently selected Credit Union Leasing of America (CULA) to bring its indirect vehicle leasing program to credit union members in New Hampshire and Maine. With this partnership, the Portsmouth, N.H.-based institution that has more than $2 billion ... [Read More]
Survey: Dealers & OEMs have chance to build lasting loyalty via timely payouts
Wednesday, Sep. 13, 2023, 12:07 PM
Auto Fin Journal Staff
Onbe, a corporate disbursements platform that is involved with test drive incentives, auto rebates and settlement payments, recently released the findings from its Summer 2023 Auto Survey. The survey polled 732 vehicles shoppers, aiming to better understand their preferences when ... [Read More]
Accelerate2Compliance forms partnership with Privacy4Cars
Wednesday, Sep. 13, 2023, 12:03 PM
Auto Fin Journal Staff
Accelerate2Compliance (A2C) reinforced its Federal Trade Commission compliance solutions for automotive dealerships to help protect from the risks associated with cyber security attacks, personal information leaks, and non-compliance penalties. A2C did this by launching a strategic partnership with Privacy4Cars and ... [Read More]
Access Capital upgrades to Solifi’s SaaS asset-based lending solution
Monday, Sep. 11, 2023, 11:48 AM
Auto Fin Journal Staff
Access Capital, a privately owned asset-based lending firm based in New York, last week upgraded from its on-premise system to Solifi ABL on Open Finance Platform. In addition to upgrading to the newest version, a news release indicated Access Capital ... [Read More]
Bloomberg brings alternative data into company evaluations
Monday, Sep. 11, 2023, 11:46 AM
Auto Fin Journal Staff
Alternative data isn’t just for evaluating consumers during the underwriting process. It’s now being used to evaluate entire companies, too. Last week, Bloomberg announced the introduction of a new alternative data function — ALTD <GO> — on the Bloomberg terminal. ... [Read More]
Finastra makes LaserPro available in the cloud
Wednesday, Sep. 6, 2023, 10:49 AM
Auto Fin Journal Staff
Finastra announced on Wednesday that LaserPro — its loan document preparation system used by more than 2,500 financial institutions — is now available in the cloud. Finastra highlighted this strategic launch of LaserPro in the cloud is geared to streamline ... [Read More]