Another round of funding that included an Asian automaker and several dealer groups across the United States drove Tekion’s valuation to $3.5 billion, according to a news release distributed on Tuesday. The valuation arrived as Tekion — innovator of the ... [Read More]

On Tuesday, Digital Matrix Systems and New Orleans-based Crescent Bank highlighted how they’re now working together. The risk management solution provider announced that Crescent Bank has selected the company’s trended attributes in support of a new and sophisticated modeling approach.  ... [Read More]

J.D. Power sees competition for paper among finance companies as intense as ever, especially with monthly retail sales of new vehicles down 30% from pre-pandemic levels. According to the J.D. Power 2021 U.S. Dealer Financing Satisfaction Study, finance companies that ... [Read More]

Alfa recently announced the three charities that the company is supporting globally for 2021 and beyond. Alfa’s U.S. operation has chosen Feeding America, one of the nation’s largest domestic hunger-relief organizations, working to connect people with food and end hunger. ... [Read More]

Cybersecurity Awareness Month started on Friday. It’s an initiative now in its 18th year led by the National Cyber Security Alliance (NCSA), in partnership with the Cybersecurity and Infrastructure Security Agency (CISA), to ensure that everyone has the resources they ... [Read More]

Another relationship came to fruition Wednesday with the goal of keeping customer information secure but still accessible for permitted users. Envestnet | Yodlee, a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, and Navy ... [Read More]

Point Predictive chief fraud strategist Frank McKenna made his first appearance on the Auto Remarketing Podcast since this spring’s Automotive Intelligence Summit to discuss fraud trends that have surfaced recently. McKenna also gauged the current mood of finance companies; whether ... [Read More]

To commemorate 70 years of serving more than 100,000 worldwide members, Blue Federal Credit Union recently paid off five randomly selected members’ loans totaling $70,000, including two vehicle retail installment contracts. In June, credit union officials said any member in ... [Read More]

TrueCar is trying to improve the financing process for dealerships and vehicle shoppers that might engage with its website. On Friday, TrueCar announced a new experience powered by Capital One that allows eligible shoppers to pre-qualify for auto financing through ... [Read More]

More reasons why Cherokee Media Group added the National Auto Venture & Investors Conference to Used Car Week arrived on Monday from Bain & Company. Bain’s second annual global technology report explores the impact of tech on business, consumers, economies, geopolitics ... [Read More]