PODCAST: Considering the next generation of auto finance with Pete MacInnis of eLEND Solutions
Wednesday, Jan. 15, 2025, 11:39 AM
COMMENTARY: Addressing your second largest business expense — approved, non-booked applications
Monday, Jan. 13, 2025, 11:42 AM
Experts see AI as crucial to help auto finance companies make needed digital-experience improvements
Wednesday, Jan. 15, 2025, 11:39 AM
Westlake unveils new Bitcoin program to handle large down payments for exotic vehicles
Monday, Jan. 13, 2025, 11:31 AM
Auto Fin Journal Staff
Hankey Group, through its Hankey Capital, Westlake Financial, and Midway subsidiaries, announced the launch of a Bitcoin Crypto Lending Program aimed at providing real estate and highline vehicle buyers with new financial opportunities using Bitcoin. According to a news release, ... [Read More]
Nordis Technologies hires vice president of operations
Wednesday, Jan. 8, 2025, 11:41 AM
Auto Fin Journal Staff
Nordis Technologies named Gabe Preczner as vice president of operations on Wednesday. The provider of omnichannel customer communications management and payments technology solutions said Preczner will be responsible for increasing the innovation and efficiency of the company’s print production and ... [Read More]
TransUnion set to acquire remaining portion of UK-based credit prequalification platform
Wednesday, Jan. 8, 2025, 11:37 AM
Auto Fin Journal Staff
TransUnion is bolstering its portfolio to operate in the credit prequalification market. The company on Wednesday signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that can empower lenders and banks to deliver highly personalized ... [Read More]
Solifi picks new CEO, moving previous exec into chairman role
Wednesday, Jan. 8, 2025, 11:35 AM
Auto Fin Journal Staff
Solifi on Tuesday announced the appointment of Dan Corazzi as its new CEO, in a move that becomes effective on Monday. Solifi said current CEO David Hamilton will transition into the role of chairman for the global fintech software partner ... [Read More]
YASSI rolls out federated single sign-on solution for real-time vehicle records
Wednesday, Jan. 8, 2025, 11:34 AM
Auto Fin Journal Staff
On Tuesday, YASSI — a provider of real-time vehicle registration, title and lien data — launched what the company said is the first federated single sign-on (SSO) solution in the United States for accessing real-time vehicle records. YASSI said this ... [Read More]
TurboPass gives 2024 Dealer of the Year Awards
Monday, Jan. 6, 2025, 11:38 AM
Auto Fin Journal Staff
Former Emerging 8 selection TurboPass again honored dealerships before the year finished. Ten recipients were among the 2024 Dealer of the Year Awards given by the financial technology software company based in Austin, Texas, specializing in automation, SaaS, and cloud-based ... [Read More]
Point Predictive & RouteOne reinforce integration to curb fraud & avoid pushbacks
Monday, Jan. 6, 2025, 11:37 AM
Auto Fin Journal Staff
Point Predictive recently announced a significant expansion of its integration with RouteOne, all in an effort to reduce some of the biggest financing headaches dealerships might experience trying to get a customer delivered. According to a news release, the expansion ... [Read More]
Fitch Ratings tackles EV residual values & auto ABS performance
Monday, Jan. 6, 2025, 11:36 AM
Auto Fin Journal Staff
Fitch Ratings looked at electric vehicles through the prism of auto asset-backed securities (ABS) transactions. Analysts believe softening EV demand and corresponding price reduction strategies will constrain EV residual values and recoveries. “Ratings are not affected given the limited concentration ... [Read More]
New leadership now in place at Chase Auto
Monday, Jan. 6, 2025, 11:32 AM
Auto Fin Journal Staff
Chase Auto opened 2025 with changes at the top of its leadership team. The finance company said Leslie Wims-Morris now is CEO of Chase Auto, reporting to Marianne Lake, who is CEO of consumer and community banking (CCB). Wims-Morris replaced ... [Read More]
Debt management: Are you leveraging your automotive dealership and financial assets?
Monday, Dec. 9, 2024, 11:47 AM
George Pero, Mach10 Automotive
Having spent 35 years in the automotive industry, it is my experience dealer principals are generally concerned about “being in debt,” though debt, when managed properly, can be a powerful tool for dealership principals to enhance liquidity and profitability. Leveraging ... [Read More]