This week, Inovatec Systems Corp. rebranded one of the key segments of its cloud-based software solutions for financial institutions. Inovatec announced its Compass Lending Platform has been rebranded under the JAVELIN name. Under the JAVELIN moniker, the products now include: ... [Read More]

Formula E has lessons for auto-finance companies as they transform. In Formula E, the world’s first fully electric, international racing championship, data is helping drivers win races. For our partner, Envision Virgin Racing, a founding Formula E team, it’s crucial ... [Read More]

Earlier this week, the Office of the Comptroller of the Currency assessed a $85 million civil money penalty against USAA Federal Savings Bank. According to a news release, the OCC took this action based on the bank’s failure to implement ... [Read More]

Companies that build commercial fleets with the most efficient vehicles available and financed by BBVA USA now can save in another way. The Sunbelt-based financial institution on Thursday unveiled its second product geared toward environmental sustainability, announcing a rate discount ... [Read More]

Ally Financial certainly is familiar with getting signatures for retail installment contracts. The company used its knowledge of that process to honor one of the best race car drivers ever. As seven-time NASCAR champion Jimmie Johnson concludes his final full-time ... [Read More]

Tech startup Carsfast is positioning itself as a contactless and digital service to help consumers buy and finance their next vehicle. To provide strategic guidance and a progressive growth strategy, Carsfast on Tuesday announced the formation of its advisory board; ... [Read More]

With a dealership offering tools for online payments, trade-in and financing still being greatly wanted by consumers, TrueCar’s latest shopper study also growing concern about individuals being able to afford their purchase. On Monday, TrueCar released the fifth wave of ... [Read More]

With an eye on growth in the cloud and beyond, Equifax on Friday named Sunil Bindal as senior vice president of corporate development, effective immediately. In this critical role, the company said Bindal will report to Equifax chief executive officer ... [Read More]

Point Predictive recently bolstered both its human and financial resources. The San Diego-based company, which  provides machine learning solutions to the financing industry to curb fraud and streamline operations, announced that it has completed its Series B growth financing. Napier ... [Read More]

Within a week of expanding its financial commitment to Carvana, Ally Financial made a move with another company in the digital-retailing space: Vroom. On Tuesday, the ecommerce platform for buying and selling used vehicles announced an extension of its $450 ... [Read More]