How pandemic eroded finance company loyalty
Monday, Jul. 24, 2023, 12:55 PM
Auto Fin Journal Staff
The pandemic apparently created another health impact; this time on auto financing. Analysis by S&P Global Mobility and TransUnion revealed loyalty to automotive finance institutions eroded significantly during the pandemic whether customers were leasing or buying vehicles. Across new-vehicle leasing ... [Read More]
Informativ partners with AutoFi to streamline credit compliance checks
Wednesday, Jul. 19, 2023, 11:14 AM
Auto Fin Journal Staff
Informativ finalized a partnership with AutoFi this week with the goal being to save dealers time and potential errors. The companies are looking to accomplish this objective by pushing all the necessary information from the AutoFi credit application into the ... [Read More]
Experian releases 2023 U.S. Identity and Fraud Report
Wednesday, Jul. 19, 2023, 11:14 AM
Auto Fin Journal Staff
It’s likely your auto finance applicants and current customers are wary about fraud. The 2023 U.S. Identity and Fraud Report from Experian showed more than half of consumers feel they’re more of a target for fraud than a year ago. ... [Read More]
Bain examines potential investment implications of record $3.7T in ‘dry powder’
Monday, Jul. 17, 2023, 12:12 PM
Auto Fin Journal Staff
The investment world could generate quite an explosion with the amount of “dry powder” that’s available, according to Bain & Co. On Monday, the firm released its Private Equity Midyear Report 2023. Bain said that after four quarters of relative ... [Read More]
NETSOL Cloud Services gains AWS Lambda Service Delivery designation
Monday, Jul. 17, 2023, 12:09 PM
Auto Fin Journal Staff
NETSOL Cloud Services, a provider of cloud-based solutions and a division of NETSOL Technologies, announced that it has been awarded the AWS Lambda Service Delivery designation by Amazon Web Services (AWS). The company highlighted this recognition acknowledges NETSOL Cloud Services’ ... [Read More]
Car IQ continues relationship building; this time with Visa
Wednesday, Jul. 12, 2023, 12:09 PM
Auto Fin Journal Staff
Car IQ is compiling quite a fleet of relationships to spread the use of its payment technology. The company on Wednesday teamed up with Visa to enable vehicles to transact directly with Visa’s global ecosystem of merchants and banks, and ... [Read More]
TransUnion study: Credit score not translating into strong consumer performance
Wednesday, Jul. 12, 2023, 12:08 PM
Auto Fin Journal Staff
Experts said credit scores are generally higher nowadays, but outstanding portfolios aren’t necessarily reflecting a financial health often seen with contracts connected to higher points on the credit spectrum. A new TransUnion study determined that median credit scores — aided ... [Read More]
Solera leverages AI & ML for new browser-based insurance claim solution
Wednesday, Jul. 12, 2023, 12:06 PM
Auto Fin Journal Staff
Sometimes, finance companies literally are doing damage control when vehicles in their outstanding portfolio are involved in crashes, weather events or other incidents. On Wednesday, Solera Global Corp launched Intelligent Triage, a web browser-based tool the company said can eliminate ... [Read More]
Wolters Kluwer names new EVP & GM for compliance solutions division
Monday, Jul. 10, 2023, 11:25 AM
Auto Fin Journal Staff
Wolters Kluwer Compliance Solutions, a provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms, recently named Vikram Savkar as its new executive vice president and general manager. In this role, ... [Read More]
Toyota expands branded insurance product into 3 more states
Monday, Jul. 10, 2023, 11:23 AM
Auto Fin Journal Staff
Toyota now is up to a dozen states where its branded insurance product is available. On Monday, Toyota Auto Insurance began to make policies available in Colorado, Georgia and Oregon. Now, Toyota Auto Insurance customers in the Centennial State, the ... [Read More]