JM Family reveals succession plan with Chait to replace Burns as CEO
Monday, Oct. 21, 2024, 12:31 PM
Timmerman’s distinguished career at Ally now includes Auto Finance Executive of the Year Award
Monday, Oct. 28, 2024, 09:59 AM
Credit Sesame rolls out AI platform to boost credit management
Monday, Oct. 28, 2024, 11:37 AM
CU Direct reveals name change
Monday, Nov. 21, 2022, 04:57 PM
Auto Fin Journal Staff
CU Direct has a new name. Last week, the provider of financial technology solutions for credit unions announced it will rebrand the company as Origence, reflecting its vision to create the “ultimate origination experience and help credit unions win in ... [Read More]
NETSOL launches cloud-based calculation engine
Wednesday, Nov. 9, 2022, 04:47 PM
Auto Fin Journal Staff
NETSOL Technologies, a global business services and enterprise application solutions provider, recently launched its latest product offering called Flex, which is an API-based, ready-to-use calculation engine designed to guarantee precise calculations at all stages of the contract lifecycle through various ... [Read More]
Honda picks Upstart Auto Retail as a digital retailing partner
Wednesday, Nov. 2, 2022, 03:01 PM
Auto Fin Journal Staff
Upstart, a leading artificial intelligence lending marketplace, recently announced that Upstart Auto Retail is now certified as a Honda Digital Solutions (HDS) partner. As an HDS Digital Retailing solution, Upstart Auto Retail’s modern vehicle buying software is now available to ... [Read More]
Credit unions originate record $62.1B in Q3 via Origence
Wednesday, Nov. 2, 2022, 02:55 PM
Auto Fin Journal Staff
Origence and credit unions are on quite a roll with auto financing. For the third consecutive quarter in 2022 and for the fourth straight quarter overall, Origence said it has delivered a record amount in credit union auto finance contracts ... [Read More]
AFG integrates with MeridianLink to streamline Balloon Lending Program
Wednesday, Nov. 2, 2022, 02:53 PM
Auto Fin Journal Staff
Auto Financial Group (AFG), announced on Tuesday that it has signed an integration agreement with MeridianLink, which provides software platforms for financial institutions and consumer reporting agencies. AFG said this partnership further reinforces its mission to pursue innovative solutions that ... [Read More]
Lendbuzz fueled by another credit facility from J.P. Morgan
Wednesday, Nov. 2, 2022, 02:31 PM
Auto Fin Journal Staff
Lendbuzz began November by announcing that it closed a $150 million credit facility with J.P. Morgan. The growing fintech company making headway in the auto financing market using artificial intelligence and machine learning algorithms said this is the second credit ... [Read More]
New Point Predictive solution to help finance companies vet dealers to curb fraud
Monday, Oct. 31, 2022, 03:50 PM
Auto Fin Journal Staff
A recent dealer survey by eLEND Solutions showed how much stores feel exposed to fraud. Last week, Point Predictive launched a solution to address that specific challenge and more with a tool to help finance companies vet dealerships based on ... [Read More]
Wolters Kluwer: Digital transformation continues even as retail sales slow
Monday, Oct. 31, 2022, 03:48 PM
Auto Fin Journal Staff
Wolters Kluwer recently announced third quarter results and analysis from its Auto Finance Digital Transformation Index, a key resource that tracks the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution from paper-based ... [Read More]
Tenet closes $20M warehouse facility from Silicon Valley Bank
Monday, Oct. 31, 2022, 03:46 PM
Auto Fin Journal Staff
Last week, Tenet announced that the company has secured what it believes is the first-ever electric vehicle (EV) only warehouse facility to make EVs more affordable. According to a news release, Tenet has entered into a warehouse financing agreement of ... [Read More]
eLEND Solutions survey finds most dealers lack effective fraud protection
Thursday, Oct. 27, 2022, 03:26 PM
Auto Fin Journal Staff
Most dealers who participated in a new survey from eLEND Solutions acknowledged they have a serious problem in connection with digital retailing and many do not have a proven strategy to solve it. According to the fintech company’s new report ... [Read More]