FinTech Automation announced last week that it became the newest service provider supporting live transactions on the Federal Reserve’s instant payment rail — the FedNow Service. The decision came in part because U.S. businesses and consumers are rapidly adopting digital, ... [Read More]

One click put 15,000 dealers down. It was a staggering display of vulnerability. A single action by one individual, likely an unwitting click on a malicious link or attachment, crippled a system that 15,000 car dealerships across the United States ... [Read More]

Lendbuzz secured more financial resources for the third month in a row. BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, announced on Tuesday that it has entered into an agreement with Lendbuzz to upsize the existing ... [Read More]

Alliant Credit Union, a national digital financial institution with more than 800,000 members and $20 billion in assets, revealed its chief information officer and head of business strategy on Monday. Taking on the position after serving in roles with KeyBank, ... [Read More]

With more attention being paid to what it costs to obtain car insurance nowadays, Mercury Insurance compiled a list of the most affordable new sedans to insure. The California-based company, which has a network of more than 8,000 independent agents ... [Read More]

Two elements of auto financing clearly surfaced when Edmunds reviewed its second-quarter data. Analysts found that negative equity is still a notable factor, and consumers are often seeking elongated terms as a result. Edmunds reported on Wednesday that nearly one ... [Read More]

DigniFi, a fintech company specializing in automobile repair financing, announced the addition of two new strategic funding partners on Tuesday. In moves finalized on May 14, DigniFi said Encina Lender Finance is providing up to a $150 million credit facility ... [Read More]

Eric Lyman went to work for Black Book after the Fourth of July festivities in a new executive position. Black Book on Monday announced the promotion of Lyman to vice president, product – auto finance. “Eric’s extensive industry experience and ... [Read More]

Insurance coverage is becoming a more complicated part of vehicle delivery and financing. Some findings from the 2024 U.S Auto Insurance Trends Report generated by LexisNexis Risk Solutions might illustrate why. This report aggregated annual market data about consumer driving ... [Read More]

During this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C., RouteOne chief revenue officer Jeff Belanger moderated a panel discussion titled, “The Next Frontier in eContracting.” The session included: —Sam Miller, group manager of ... [Read More]