Upstart gains digital retail approval from ninth OEM
Wednesday, Apr. 26, 2023, 03:38 PM
Auto Fin Journal Staff
Upstart, which offers an auto financing marketplace fueled by artificial intelligence, announced on Wednesday that Upstart Auto Retail was selected by Mercedes-Benz as an approved digital retail provider for its franchised dealerships. Upstart’s vehicle-buying software is now available to Mercedes-Benz ... [Read More]
Wolters Kluwer shares Q1 Auto Finance Digital Transformation Index
Wednesday, Apr. 26, 2023, 11:55 AM
Auto Fin Journal Staff
This week, Wolters Kluwer announced first quarter results and analysis from its Auto Finance Digital Transformation Index, a key resource that tracks the rate at which dealers, service providers and auto finance companies are seeing growth in the evolution from ... [Read More]
CULA grows leasing base again with Dort Financial CU
Wednesday, Apr. 26, 2023, 11:55 AM
Auto Fin Journal Staff
Credit Union Leasing of America (CULA) said this week that it has been selected by Dort Financial Credit Union to launch its indirect vehicle leasing program, further extending CULA’s reach into Michigan, which is historically one of the highest vehicle-leasing ... [Read More]
Auto Link adds 7 more credit unions leveraging search & marketing solution
Wednesday, Apr. 26, 2023, 11:53 AM
Auto Fin Journal Staff
Auto Link, a leading fintech and marketing company serving more than 175 financial institutions, announced some performance results for the first quarter. Among the highlights, Auto Link said it signed seven credit unions to its auto search and marketing solution. ... [Read More]
STAR releases sales process standards API & updated STAR6 XML
Tuesday, Apr. 25, 2023, 04:14 PM
Auto Fin Journal Staff
On Tuesday, the Standards for Technology in Automotive Retail (STAR) announced the publication of what the organization believes is the first sales process standards API and multiple updates to the STAR6 XML standards for retail automotive. STAR said these standards ... [Read More]
TransUnion, Spring Labs and Quadrata partner to deliver credit scoring to blockchain
Monday, Apr. 24, 2023, 11:05 AM
Auto Fin Journal Staff
Last Wednesday, the Auto Intel Summit featured a panel discussion about how blockchain could help the automotive industry. A day later, just such a development surfaced involving the financing component. In a move that experts said should help finance companies ... [Read More]
Former PwC Canada exec joins Inovatec as head of solution delivery
Monday, Apr. 24, 2023, 11:03 AM
Auto Fin Journal Staff
Inovatec Systems reinforced its leadership team last week for the second time in less than a month. The provider cloud-based software solutions for finance companies announced that it has appointed Veljko Velickovic as Inovatec’s new head of solution delivery. In ... [Read More]
Fed policymaker cautious about fintechs involved in ‘shadow banks’
Monday, Apr. 17, 2023, 11:45 AM
Auto Fin Journal Staff
A member of the Federal Reserve Board of Governors took a cautious approach on two fronts during a public appearance last week. Michelle Bowman was guarded about the possibility of few banks in the marketplace. Bowman also was apprehensive about ... [Read More]
New report reveals fintechs with more than 100 clients
Wednesday, Apr. 12, 2023, 12:03 PM
Auto Fin Journal Staff
Bank Director recently released a new report to provide U.S. financial institutions a roadmap on working with technology companies. Using Bank Director’s online platform, FinXTech Connect, the report highlights the names of fintechs who report at least 100 U.S. financial ... [Read More]
Former ACV, EBlock manager moves to business development role with payment provider
Wednesday, Apr. 12, 2023, 12:01 PM
Auto Fin Journal Staff
A former manager for ACV and EBlock has switched from the wholesale world to the financial side of the industry. This week, Allied Payment Network a provider of online and mobile money movement solutions to banks and credit unions, announced ... [Read More]