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This Month's Focus

Turbocharged Finance
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3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

CULA sets another leasing milestone even as new-car prices soar

leasing with tablet
Auto Fin Journal Staff
Credit Union Leasing of America (CULA) recently set another milestone in the company’s 30-year history amid record prices for new vehicles. The facilitator of indirect leasing for credit unions said on Wednesday that its portfolio now exceeds 100,000 active leases ... [Read More]

Along with added services, MotoRefi rebrands as Caribou

kevin bennett caribou for web
Auto Fin Journal Staff
Now that MotoRefi is more than just an auto refinance platform, the company has a new name, too. According to an announcement made on Wednesday, the company launched an expanded brand, as it’s now known as Caribou with a new ... [Read More]

More dealers plan to invest in cybersecurity

CDK global report for web
Auto Fin Journal Staff
Especially in the advent of digital retailing, CDK Global sought to gauge how much dealerships are looking to protect themselves and their customers from online threats. According to findings from a CDK Global study released on Wednesday, rising concerns of ... [Read More]

Harter returns to Fifth Third Bank to oversee auto financing

Fifth third bank image
Auto Fin Journal Staff
Craig Harter is back with Fifth Third Bank, according to a news release. The institution announced on Monday that Harter has joined the bank as head of auto lending. Fifth Third is one of the largest bank originators of indirect ... [Read More]

Reid begins next auto career chapter at Wolters Kluwer

Reid_Jennifer image Wolters Kluwer for web
Auto Fin Journal Staff
An industry leader who has received multiple accolades through award programs orchestrated by Cherokee Media Group now is part of the team at Wolters Kluwer Compliance Solutions. Jenn Reid has been named digital lending sales director to advance awareness of ... [Read More]

CARS to acquire CreditIQ for potentially $80M

Bill Liatsis at AIS
Auto Fin Journal Staff
Cars.com announced on Thursday that it acquired one of the first Emerging 8 honorees spotlighted at the Automotive Intelligence Summit. According to a news release, Cars.com signed a definitive agreement to acquire CreditIQ, a fintech platform that provides instant online ... [Read More]

Origence highlights double-digit origination growth by credit unions

origence screen shot for web
Auto Fin Journal Staff
Origence — a CU Direct brand that provides technology to enhances the origination experience to increase volume, create efficiencies and grow accounts — is reporting continued growth and market strength of credit unions using its CUDL auto lending network to ... [Read More]

Lightico brings on Gabay as VP of global partnerships & alliances

moti gabay for web
Auto Fin Journal Staff
Lightico recently reinforced its global executive team by welcoming Moti Gabay as its vice president of global partnerships and alliances and head of its London office. The personnel move comes on the heels of significant growth at the digital completion ... [Read More]

Verisk acquires Data Driven Safety to reinforce auto insurance analytics

merger and acqusition red greeen and white
Auto Fin Journal Staff
One of the Silver Sponsors of Used Car Week isn’t just spending its financial resources to help bring together the industry for the leading event that begins on Nov. 15 at the Red Rock Resort in Las Vegas. On Tuesday, ... [Read More]

Point Predictive unveils new tools, while landing more financial resources

fraud prevention
Auto Fin Journal Staff
Coinciding with new credit facilities and equity financing, Point Predictive launched new products last week that aim to deliver an “unparalleled level” of visibility and control to auto finance companies tackling automation and digital transformation challenges in fraud and risk ... [Read More]

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