Upstart ventured into auto financing last summer and then acquired Prodigy in April to enhance its platform fueled by artificial intelligence. Then last week, the company announced the availability of Upstart Auto Retail software, which includes AI-enabled financing. Upstart explained ... [Read More]

Moody’s Investors Service said accelerating sales of alternative fuel vehicles (AFVs) — include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles and alternatively-powered electric vehicles — will shift portfolio compositions and credit fundamentals across auto-related sectors ... [Read More]

AutoAPR recently named a new vice president of sales. Taking on the role for the payment engagement company that aims to reduce friction points by matching virtual payment calculations to a dealer’s inventory is Rob Hubbell. In this role, the ... [Read More]

Point Predictive announced this week that Lobel Financial has successfully completed its Auto Fraud Manager implementation. With Auto Fraud Manager now in place, Lobel Financial will use Point Predictive’s fraud alerts and scores in real-time within the finance company’s native ... [Read More]

Another round of funding that included an Asian automaker and several dealer groups across the United States drove Tekion’s valuation to $3.5 billion, according to a news release distributed on Tuesday. The valuation arrived as Tekion — innovator of the ... [Read More]

On Tuesday, Digital Matrix Systems and New Orleans-based Crescent Bank highlighted how they’re now working together. The risk management solution provider announced that Crescent Bank has selected the company’s trended attributes in support of a new and sophisticated modeling approach.  ... [Read More]

J.D. Power sees competition for paper among finance companies as intense as ever, especially with monthly retail sales of new vehicles down 30% from pre-pandemic levels. According to the J.D. Power 2021 U.S. Dealer Financing Satisfaction Study, finance companies that ... [Read More]

Alfa recently announced the three charities that the company is supporting globally for 2021 and beyond. Alfa’s U.S. operation has chosen Feeding America, one of the nation’s largest domestic hunger-relief organizations, working to connect people with food and end hunger. ... [Read More]

Cybersecurity Awareness Month started on Friday. It’s an initiative now in its 18th year led by the National Cyber Security Alliance (NCSA), in partnership with the Cybersecurity and Infrastructure Security Agency (CISA), to ensure that everyone has the resources they ... [Read More]

Another relationship came to fruition Wednesday with the goal of keeping customer information secure but still accessible for permitted users. Envestnet | Yodlee, a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, and Navy ... [Read More]