CFPB shares 3 focus areas as AI and machine learning impact underwriting
Wednesday, Nov. 27, 2019, 03:17 PM
Auto Fin Journal Staff
The Consumer Financial Protection Bureau (CFPB) understands tools such as artificial intelligence and machine learning are making their way into underwriting departments at auto finance companies and other providers of financial services. It’s why CFPB director Kathleen Kraninger recently reiterated ... [Read More]
J.D. Power auto finance study reinforces how satisfaction is driven by digital experience
Wednesday, Nov. 20, 2019, 04:30 PM
Auto Fin Journal Staff
According to data released back in June by the Pew Research Center, 81% of Americans now own smartphones. That’s up from just 35% Pew analysts discovered during their first survey of smartphone ownership conducted in 2011. Trends like that are ... [Read More]
Dealertrack and CDK Global enhance leasing platforms
Monday, Nov. 18, 2019, 04:45 PM
Auto Fin Journal Staff
Two familiar names in the F&I technology world — Dealertrack and CDK Global — announced an expanded integration on Monday. The companies explained their latest development brings together the CDK Drive DMS and Dealertrack uniFI platforms to enable faster funding ... [Read More]
ChromeData: New app ‘provides payment options for all’
Monday, Nov. 11, 2019, 09:04 PM
Auto Fin Journal Staff
Autodata Solutions president Craig Jennings says obtaining timely and accurate rates, residuals, rebates and incentives “continues to be a challenge for partners across the industry. “Dealers need to be able to accurately market, price and desk their vehicles both in-store ... [Read More]
2019 Auto Finance Executive of the Year: Bill Jones
Wednesday, Nov. 6, 2019, 09:16 PM
Nick Zulovich, Senior Editor
Bill Jones approaches every segment of his life with enthusiasm and zeal. Professionally, Jones serves in multiple roles as the chief executive officer and president of Regional Acceptance Corp., as well as executive vice president and manager of BB&T Dealer ... [Read More]
FICO and Equifax launch decisioning platform with auto among targets
Wednesday, Nov. 6, 2019, 05:01 PM
Auto Fin Journal Staff
Along with three other separate solution launches, FICO also highlighted during its largest annual event this week a jointly developed data decisions cloud suite that’s been completed with the team at Equifax, a member of the Automotive Intelligence Council. The ... [Read More]
defi SOLUTIONS and Zest AI partner to boost credit underwriting
Wednesday, Nov. 6, 2019, 04:48 PM
Auto Fin Journal Staff
On Wednesday, defi SOLUTIONS announced a partnership with Zest AI, a leader in AI software. Zest AI will provide defi clients direct access to Zest Automated Machine Learning (ZAML) software for loan decisioning. Officials explained the partnership between defi SOLUTIONS ... [Read More]
Experian and CBC reiterate why collaboration is key to curbing fraud
Tuesday, Nov. 5, 2019, 10:20 PM
Nick Zulovich, Senior Editor
This summer, Experian and Credit Bureau Connection (CBC) had the chance to celebrate for a few moments about how their collaboration helped to stop a southern California fraud ring. After a few handshakes, leaders of both companies told Auto Fin ... [Read More]
Examining how executives are grappling with challenges of more data
Monday, Nov. 4, 2019, 04:24 PM
Auto Fin Journal Staff
Does more data mean more problems? You might arrive at that conclusion based on information from a new Aite Group study commissioned by TransUnion. Across the globe, companies are amassing volumes of data with the intent of optimizing performance, identifying ... [Read More]
Market Scan and Experian collaborate on insight tool
Monday, Nov. 4, 2019, 04:22 PM
Auto Fin Journal Staff
Market Scan Information Systems and Experian recently released a solution for finance companies that want to know what underwriting strategy their competitors might be using to add to their portfolio. Through a collaboration, Experian and Market Scan will offer mGauge, ... [Read More]