According to a new report published by UnivDatos Markets Insights, artificial intelligence in the fintech market is expected to grow at a compound annual growth rate (CAGR) of around 30% from 2022 through 2028. UnivDatos Markets Insights highlighted that its ... [Read More]

Complications involving leased vehicles landed GM Financial into actions taken by the Department of Justice. On Wednesday, the Justice Department announced that GM Financial has agreed to pay more than $3.5 million to resolve allegations that the captive violated the ... [Read More]

Edmunds drilled deeper into its third quarter auto finance data on Wednesday, looking closer at consumer who are making a monthly payment of more than $1,000. Analysts found four more intriguing trends, including … [Read More]

The TurboPass PayStub report rolled out nationally this week. According to a news release from TurboPass, dealerships in all 50 states now can experience faster funding, more down payments and fraud prevention on customers with payroll data. Internal TurboPass research ... [Read More]

Dominion DMS and Market Scan Information Systems now are working together. The partnership announced this week means Dominion DMS will integrate key data from Market Scan’s APaaS platform, enabling Dominion’s dealers to calculate payments with exact sales tax rates in ... [Read More]

This week, DriveItAway Holdings announced that it has received confirmation from the Financial Industry Regulatory Agency (FINRA) that the pending company name change and trading symbol change request to DriveItAway Holdings and DWAY has been approved. Accordingly, in a development ... [Read More]

Toyota established Toyota Motor Credit Corp. (TMCC) in 1982, a time of bright neon clothes, video arcades, early personal computers, VCRs and lively pop music. A few months later, the first vehicle financed by the new captive actually was a ... [Read More]

Perhaps as frustrating to auto finance companies as fraud infiltrating its portfolio is an applicant that might be OK, but somehow tripped a trigger inadvertently, and the potential paper went into the electronic trash. To help limit the more than ... [Read More]

More shops are collaborating to boost financing and ancillary products tailored specifically for electric vehicles. Tenet, a leading EV financing platform, announced a partnership this week with Xcelerate Auto, a financial technology company with an emphasis on electric vehicles, to ... [Read More]

Developments within financial technology nowadays aren’t just driven for consumers’ benefits. This week, Solifi announced the release of its latest version of Solifi Wholesale Finance SaaS solution, which includes several new automated features to better manage inventory audits, provide real-time ... [Read More]