Private investment firm J.C. Flowers & Co. announced on Tuesday that it has signed a definitive agreement to make a majority investment in iLendingDIRECT, a leading auto refinance marketing company. While terms of the transaction were not disclosed, J.C. Flowers ... [Read More]

The two primary segments of Dealertrack’s tools for dealerships and finance companies — F&I solutions and DMS — are each being upgraded to adapt to consumers’ accelerated shift toward digital purchasing as well as achieve higher efficiency and productivity in ... [Read More]

Point Predictive recently landed another working relationship with a commercial bank that is looking to weed out fraud from its operations and portfolio. The Emerging 8 honoree that provides machine learning solutions to the lending industry, announced that M&T Bank ... [Read More]

Ally Financial again is organizing support for a variety of initiatives now that Black History Month is underway, saying that access to careers with long-term growth potential is still not equal for everyone. To address this inequity, the company announced ... [Read More]

Hyundai, Kia and Genesis dealers that use RouteOne now have more functionality when working with their captive finance company. RouteOne recently announced that Hyundai Capital America is now an available eContracting finance source for utilizing the RouteOne platform. Through RouteOne ... [Read More]

Just like a finance company might do with its portfolio, fintechs diversify, too. Look at what’s happening at AutoFi. Building on the strength of its digital retail platform, AutoFi has launched a new business division focused on the automotive industry’s largest ... [Read More]

Tresl is making an investment in a fellow fintech stemming from a relationship that began nearly two years ago. And the firms are also rolling out a tool aimed to help banks and credit unions. On Tuesday, Tresl announced that ... [Read More]

Inovatec Systems Corp. rebranded its cloud-based software solutions back in October. This week, the fintech firm launched a major enhancement designed to save time and manual labor. Inovatec announced its JAVELIN platform now offers optical character recognition (OCR) for automatic ... [Read More]

Within a week, another Emerging 8 honoree received an injection of financial resources from the investment world. Soon after an announcement by Volta, fellow honoree MotoRefi — an auto refinancing startup on a mission to help people save on their ... [Read More]

It is certainly an understatement to say the world has been turned on to online shopping and digital retailing. According to Adobe Analytics, during the 2020 Black Friday event, online sales increased 22% over the previous year. What’s more, the ... [Read More]