MotoRefi, which strives to save vehicle owners money with a refinanced installment contract, now has quite a bit of funding to expand its business.
Last week, the fintech company that says it can save contract holders an average of $100 per month via its innovative auto refinance platform, announced it has raised $8.6 million in Series A funding.
According to a news release, the round was co-led by Accomplice and Link Ventures with participation from Motley Fool Ventures, CMFG Ventures (part of CUNA Mutual Group), Gaingels and others.
MotoRefi also said Rob Chaplinsky, managing director of Link Ventures, and Rachel Holt, former Uber executive and co-founder at Construct Capital, joined its board.
The company, incubated by QED Investors, said it will use the funding to scale the team and invest further in its technology platform. It also plans to add new finance companies and partners to help more customers across the country.
MotoRefi offers a technology-driven solution designed to provide better rates and terms for customers. Its online process can allow customers to receive offers in seconds from the comfort of their home.
What’s more, MotoRefi explained that it does all of the “heavy lifting,” including paying off the balance on the previous installment contract and re-titling the vehicle.
“I couldn’t be more proud of the team and the mission-driven business we’re building,” MotoRefi chief executive officer Kevin Bennett said in a news release. “Every day, we have the privilege of making a difference in consumers’ lives by improving their financial situations. We are grateful for the opportunity to partner with trusted lenders to make that happen.”
Based on positive customer experiences, MotoRefi maintains an A+ rating, according to the Better Business Bureau.
“We’re excited to lead this Series A round because MotoRefi is leveraging technology and analytics to make a huge difference in people’s lives,” said Ryan Moore, co-founder at Accomplice. “The auto industry isn't consumer-friendly and MotoRefi is changing that. This is a tremendous market opportunity and we’re excited to back a great team.”
CMFG Ventures managing director Brian Kaas noted, “As lending continues to become increasingly digital, there is a significant opportunity to create better experiences for consumers and lenders. MotoRefi is changing the landscape with a tech-forward approach and increased reach and efficiency for our credit union partners.”
And Motley Fool Ventures managing director Ollen Douglass added, “We believe that MotoRefi is uniquely positioned to help make it easy for consumers to save money. We’re thrilled to support MotoRefi’s customer-first mentality.
“MotoRefi shares The Motley Fool’s goals of empowering consumers to make good financial decisions,” Douglass went on to say.
To help generate refinancing activity, MotoRefi also has captured more customers through pilot partnerships with top national brands such as Progressive, Chime and others.
The company’s newest board members are eager to expand partnerships and other segments of MotoRefi’s business now with more funding at their disposal.
“I’m eager to bring my experience building Uber to MotoRefi’s Board,” Holt said. “MotoRefi is transforming the world of auto financing. I’m proud to have been an early investor and am extremely excited about the team they’ve built.”
And Chaplinsky pointed out, “As a fund focused on data-driven direct-to-consumer startups, Link Ventures is excited about how the MotoRefi team and its technology are going to help consumers improve their finances.
“In a world where the middle class gets squeezed and most Americans can’t afford an unexpected $400 bill, the savings that MotoRefi delivers to customers is incredibly meaningful,” he went on to say.
Another one of the inaugural Emerging 8 honorees is continuing to gain industry traction.
Last week, BMW i Ventures announced an investment in AutoFi, a technology company honored during last year’s Automotive Intelligence Summit. The exact funding figure wasn’t revealed in a news release distributed by BMW’s multi-billion euro venture capital fund that invests in startups in the fields of autonomous driving, digital car and automotive cloud, e-mobility, artificial Intelligence and data, and more.
Headquartered in San Francisco, AutoFi is a retail platform that can allow car buyers to purchase and finance a vehicle from a variety of financial institutions within or outside the dealership. Thanks to AutoFi’s deep integrations with financial institutions, the customers can submit simple credit applications to a number of key finance companies, including Chase and Santander, and get instant decisions, which in return can increase engagement, conversion and F&I penetration.
“The AutoFi team has built a cutting-edge solution providing transparency through connecting key stakeholders in the auto financing industry: financial institutions, dealers and consumers,” said Baris Guzel of BMW i Ventures. “We are convinced that AutoFi has the potential to be the industry standard checkout for all automotive transactions, and we are thrilled to join the journey.”
AutoFi indicated it will use the investment to expand its sales and customer support, and continue its rapid pace of product innovation.
“We are excited to partner with BMW i Ventures to lead our Series B financing,” said Kevin Singerman, chief executive officer and co-founder at AutoFi. “They set themselves apart as an investor that deeply understands the automotive ecosystem. We share the belief that the industry tailwinds of digitization and transparency create amazing consumer experiences, as well as profitable businesses for manufacturers and dealers.
“We look forward to working with them to help support and grow our expanding network of dealers, lenders, and OEMs,” Singerman went on to say.
The next cohort of Emerging 8 honorees will be in the spotlight during the Automotive Intelligence Summit, which runs from April 14-16 in Raleigh, N.C.
Last year, over 230 leaders in the auto industry gathered to discuss the latest info on AIS core topics, compliance regulations, connectivity, mobility, digital retail, predictive analytics, investing + M&A, fintech solutions and economic forecast.
Digital retailing and the latest in fintech were the overarching themes of our 2019 event, and will once again be front and center in 2020.
Early bird registration discounts are available through March 1. Complete details can be found at www.autointelsummit.com.
Explorium is taking advantage of the investment community seeing “data as the new oil” in an effort to sharpen a tool that can scan data sets and function like a web search engine.
On Wednesday, the data science platform fueled by automated data and feature discovery announced today that it has secured $19 million in funding to scale its operations.
Explorium said in a news release that it is the first company to empower data scientists with end-to-end automation of the data discovery and generation of “features,” which the company explained as data attributes that can have predictive power.
Explorium maintains that data science is the industry standard for deriving business value from data, enabling companies to generate new revenue, mitigate risk and optimize marketing and operations. While recent strides in the automation of data science have largely focused on machine learning algorithms, Explorium stressed that the accuracy of predictive models is still dependent on the data that feeds them.
“We are doing for machine learning data what search engines did for the web,” Explorium co-founder and chief executive officer Maor Shlomo said. “Just as a search engine scours the web and pulls in the most relevant answers for your need, Explorium scours data sources inside and outside your organization to generate the features that drive accurate models.”
The platform can connect a company’s internal data to thousands of external sources. It then extracts the most relevant features from these new data sources and integrates them to power superior models. For example, finance companies or insurers can use Explorium to automatically discover the most relevant predictive variables from thousands of new data sources, giving their risk prediction models an edge through better financial, geographic, personal and commercial context.
Explorium was founded by Shlomo, Or Tamir and Omer Har, three Israeli tech entrepreneurs, who previously led large-scale data mining and optimization platforms for big data-based marketing leaders ironSource and Natural Intelligence, as well as the IDF’s elite 8200 intelligence unit.
The $19 million funding announced on Wednesday comprises a seed round of $3.6 million led by Emerge with participation of F2 Capital, and a $15.5 million Series A led by Zeev Ventures with participation of the seed investors.
Company leaders said the funding comes after a monumental year, resulting in rapid growth, operating across seven industries, including financial services, CPG, retail and eCommerce. Having extended its data catalog with proprietary data and partnerships, Explorium is now empowering machine learning models across a wide spectrum of customers, from Fortune 100 companies to fast-growing startups.
Oren Zeev, founding partner at Zeev Ventures, explained his decision to invest.
“Explorium is defining a new category by changing how companies find relevant data for Artificial Intelligence. Maor, Or and Omer have built a mature product in such a short time, and Explorium’s customers are seeing a real impact by supercharging their businesses with new data and features,” Zeev said.
Dovi Ollech, founding partner of Emerge, added “Explorium’s vision of empowering data scientists by finding relevant data from every possible source in scale and thus making models more robust is creating a paradigm shift in data science. Working with the team from the very early days made it clear that they have the deep expertise and ability required to deliver such a revolutionary data science platform.”
Barak Rabinowitz, co-founder and managing partner at F2 Capital, also shared perspectives on the funding decision.
“We are excited to partner with founders that are constantly driving new growth and value in the marketplace,” Rabinowitz said. “Data is the new oil, and Explorium empowers companies to find and harness it for growth through automated data and feature discovery.”
KPMG discovered overall fintech investment in the U.S. remained strong during the first half of 2019 but dipped a bit following a record year in deal volume and value.
But prospects for a robust second half of the year are good.
According to the firm’s Pulse of Fintech report released on Wednesday, KPMG found investment through the first half of the year reached $18.3 billion across 470 deals, powered in large part by a strong first quarter of 2019.
KPMG noted the $6.9 billion buyout of business analytics firm Dun & Bradstreet by a consortium of investors was the top fintech deal in the U.S. and globally during the first half of the year.
M&A activity was particularly strong in the first half of 2019, accounting for five of the top deals in the U.S. Those developments included:
— Investment Technology Group: $1 billion
— CSI Enterprises: $600 million
— PIEtech: $500 million
— IQMS: $425 million
— Viteos Fund Services: $330 million
“U.S. fintech investment is strong this year, and with several large M&A deals announced, it’s only going to grow,” said Robert Ruark, financial services strategy and fintech leader at KPMG. “The payments space continues to be hot, demonstrating there’s plenty of long-term growth potential in the sector, including verticals like healthcare payments.”
The report mentioned fintech-focused venture capital investment reached a record level in the U.S. during Q2 of last year, bolstered by $300 million funding rounds to Carta and Affirm.
The report also suggested that despite the dip during the first half of this year, fintech investment in the U.S. is poised to see record-breaking highs in the second half of the year. KPMG recapped that three massive M&A deals were announced during the first half of year, including Fiserv’s acquisition of First Data ($22 billion), Fidelity’s acquisition of Worldpay ($43 billion), and the merger of Global Payments with Total System Services ($21.5 billion).
These deals, if they close in during the second half of 2019 as expected, could propel both the U.S. and global fintech investment into new highs, according to KPMG
KPMG pointed out investment in insurtech saw a slowdown during the first half of the year, “which could reflect the increased focus on consolidation in other parts of the insurance industry.”
The report suggested there should be renewed interest in the space once consolidation settles down.
The firm added wealthtech gained traction during the first half of this year as companies worked to develop scale and product diversity.
The report wrapped up by noting the payments space is expected to be a key area of focus for investors, along with business-to-business services.
“Security will also likely be a hot area, and online gaming could also see growth,” KPMG said, adding that its complete report is available here.
Morningstar certainly appears to believe that DBRS is a good investment.
Morningstar, a leading provider of independent investment research, announced on Wednesday it has entered into a definitive agreement to acquire DBRS, the world’s fourth-largest credit ratings agency.
A news release indicated the transaction has a purchase price of $669 million.
Morningstar said it intends to fund the transaction with a mix of cash and debt, which will include the placement of a new credit facility at closing. The transaction is expected to be accretive to net income per share in the first fiscal year after completion with an estimated closing in the third quarter of 2019, subject to regulatory approval and customary closing conditions.
Officials highlighted the combination of DBRS with Morningstar Credit Ratings’ U.S. business will expand global asset class coverage and provide an enhanced platform for providing investors with leading fixed-income analysis and research.
“The chance to empower investors with the independent research and opinions they need across a multitude of securities first drove our decision to enter the credit ratings business,” Morningstar chief executive officer Kunal Kapoor said. “DBRS and Morningstar share research-centric cultures committed to rigor and independence. Together, we believe we can elevate the industry with the world’s first fintech ratings agency backed by state-of-the-art models, modern technology, and expert research teams that issuers and investors can count on to deliver transparent and independent ratings.”
For more than 40 years, DBRS has built a strong market presence across Europe, the U.S., and especially Canada. As the world’s fourth-largest credit ratings agency, the company rates more than 2,400 issuer families and nearly 50,000 securities worldwide. The Carlyle Group and Warburg Pincus led the acquisition of DBRS in 2014.
DBRS reported $167 million in revenue for the fiscal year ended Nov. 30. Officials highlighted the business generates strong cash flow with operating margins that are consistent with Morningstar’s overall business.
On a preliminary pro forma basis, if Morningstar owned DBRS as of Dec. 31, the company computed revenue from credit ratings would have represented approximately 17% of Morningstar’s total revenue.
“DBRS’s more than 40 years of experience and success coupled with Morningstar’s proven capabilities will offer an even stronger global alternative to larger ratings agencies,” DBRS chief executive officer Stephen Joynt said. “Both DBRS and Morningstar are driven by similar core values that aim to bring more clarity, diversity, transparency, and responsiveness to the ratings process, which makes Morningstar a perfect fit for us.”
Building on the strength of its equity research, Morningstar first began publishing non-nationally recognized statistical rating organization (NRSRO) credit ratings on public companies in 2009 and in 2010 acquired Realpoint, a NRSRO with a specialty in commercial mortgage-backed securities (CMBS).
As a long-term key product area for Morningstar, its credit rating activities have since expanded to include residential mortgage-backed securities (RMBS), agency risk transfers, single-family rentals, asset-backed securities (ABS), collateralized loan obligations (CLOs), corporate securities, financial institutions and real estate investment trusts (REITs).
Morningstar Credit Ratings has also tripled its technology team, grown impressive talent, and moved to an all-new New York City headquarters at 4 World Trade Center.
DBRS has more than 500 people spread across seven locations and will continue to be led by its existing management team. Morningstar intends to name a leader of the combined businesses by the time the deal closes, and the companies plan to work together on decisions over time regarding the integration to ensure the combination is set up for long-term success.
Lazard Frères & Co. served as exclusive financial advisor to DBRS, and Wachtell, Lipton, Rosen & Katz served as legal counsel to DBRS. Winston & Strawn LLP served as legal counsel to Morningstar.
Perhaps your company is facing the same technological conundrum highlighted in a recent survey orchestrated by Fenergo, a provider of digital client lifecycle management (CLM) software solutions for financial institutions.
Fenergo’s survey revealed that 20% of C-suite executives in banks say that the maturity of their technology infrastructures is preventing them from investing in new, disruptive technologies, including big-data analytics and artificial intelligence (AI) to improve client lifecycle management.
The survey also noted that 67% of participants are not currently partnered with a fintech/regtech provider to improve operational efficiencies, and just 40% of respondents have integrated with an external data or know your customer (KYC) utility provider.
The report also highlighted that 33% of those executives surveyed have not invested in any technology to improve client onboarding despite 99% agreeing that underinvestment in technology directly impacts client onboarding and retention. Only 15% have automated the collection of data and 74% believe data management is overlooked strategically despite it being among the top three most critical business concerns.
“Our report findings tell us that the lack of technology investment and maturing infrastructures are creating barriers to digital transformation. By connecting internal and external systems and technologies through specially designed APIs financial institutions can build powerful customer ecosystems without the need for a complete rip and replace,” Fenergo chief executive officer Marc Murphy said.
“Underpinned with a centralized client data strategy, financial institutions can achieve a single client view across all jurisdictions, business units and products.” Murphy continued. “The automated flow of client data between front and back office enables frictionless end-to-end client journeys, regulatory certainty and enables financial institutions to ultimately disrupt the disruptors.”
Julia Walker, Asia Pacific head of risk and regulatory solutions at Refinitiv, added, “Collaboration with disruptive regtech and fintech providers is crucial for financial institutions seeking to automate the flow of data, streamline KYC and AML compliance processes, while digitally transforming customer experiences.”
This report titled, Disrupt the Disruptors, is the final instalment of a three-part CLM trends report series and is based on the findings of a survey of 250 C-suite executives across data, technology and compliance within commercial, business, investment and corporate banks. Respondents were based in banks of varying sizes across the world.
Go to this website to download the full report.
With the momentum that has lifted the banking sector’s performance over the first half of the decade slowing in major markets — perhaps even auto financing — Boston Consulting Group (BCG) says banks must leverage digital technology to battle disruption and stem the threat of disintermediation brought on by fast-moving, newer entrants.
If banks stand pat on the technology front, BCG cautioned that institutions might pay the price with regard to staying power and profitability, according to a new report titled, Global Risk 2019: Creating a More Digital, Resilient Bank.
This ninth annual survey of the health and performance of the banking industry by BCG examined global and regional profitability levels and how institutions can raise them, exploring ongoing regulatory trends and how banks can navigate them. Experts also examined how core risk and treasury functions must adapt both their operating models and their roles in the wider banking organization to be more efficient and effective.
“As digitization opens the financial services ecosystem to new and niche players, we expect to see fewer full-stack banks,” said Gerold Grasshoff, the global leader of BCG’s risk management segment and a coauthor of the report.
“As the banking value chain breaks up, banks will get the opportunity to reposition themselves. They will likely pursue a mix of strategies, such as becoming platform leaders, being specialist providers and promoting infrastructure-as-a-service offerings,” Grasshoff continued.
“The cost basis will also change, and banks will need to be leaner and more efficient if they are to compete effectively against digitally mature peers and fintechs,” he went on to say in the report that can be downloaded here.
A three-speed world for economic profitability
According to the report, while banking remains profitable on an absolute basis, BCG found that total economic profit (EP) — which adjusts for risk and capital costs — softened again in 2017 (the last year for which year-end statistics are available). It was a second straight year of decline.
Since reaching a global-average high of 16 basis points in 2015, experts noticed that EP has slumped, falling to just 8 basis points in 2017. With that slide, BCG surmised that average banking performance is now on a par with that of 2013, when the banking industry started to regain its footing after the global recession.
In Europe, BCG pointed out that banks have remained mired in negative growth, hemmed in by low interest rates and nonperforming loans. By contrast, banks in North America have benefited from increasing interest rates, although rising costs edged total EP down for the second straight year.
In Asia-Pacific, the report showed banks experienced the third consecutive year of declining EP.
“Overall, banking remains a three-speed world in which European banks continue to struggle, North American and Asia-Pacific banks strive to stay the course, and the developing markets of South America and the Middle East and Africa continue to show high profitability. Yet systemic issues hound each region,” BCG said.
Setting the regulatory stage for the future of banking
The report explained that for regulators, instilling trust in the strength and resiliency of financial markets has become a dominant focus.
“Banks must improve the quality and efficiency of regulatory compliance to meet their ongoing financial stability, prudent-operations and resolution obligations,” report authors said. “Achieving this will require finding leaner and smarter ways to manage the high volume of regulatory revisions, as well as experimenting with new technologies and partnerships to drive down the cost of know-your-customer documentation and to improve anti-money-laundering processes.
“Keen to protect financial markets from future shocks, regulators are trying to anticipate the ways that technology will reshape the banking ecosystem and, with it, their own role in establishing guidance and ensuring consistent standards,” authors added.
Since 2009, BCG tallied that banks worldwide have paid $372 billion in penalties. The firm tabulated that regulators assessed $27 billion in penalties on European and North American banks in 2018, an increase of $5 billion year-over-year.
Mortgage-related misconduct in the U.S., money laundering and interbank-offered-rate-related market manipulation across regions are among the factors sparking regulatory ire, according to the report.
As banks digitize, so must risk and treasury
The report went on to mention that banks’ risk and treasury functions will change in profound ways during the coming years.
Experts projected both functions face a broader mandate with a larger slate of risks to manage, a growing need for integrated steering to protect banks’ interests and an equally growing need to make the most strategic use of banks’ balance sheet resources.
“Delivering on this mandate will require risk and treasury to operate faster and more incisively, backed by real-time data, predictive analytics and end-to-end automation,” report authors said.
“Risk and treasury functions that commit to ‘going digital’ in these ways will become not only more efficient operators but also more effective strategic partners in delivering value to banks,” they added.
Alex Maritczak recently returned to North Carolina and joined Nick for a conversation about how auto finance companies and technology developers are collaborating on new solutions.
The global auto finance leader at Ernst & Young who also led panel discussions during the Automotive Intelligence Summit described how firms are striving for new developments while also retaining market share and maintaining compliance mandates.
The full episode can be found below.
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S&P Global Ratings has questions you might have, too. What is blockchain? And why does it elicit feelings of excitement and confusion simultaneously within the structured finance market?
Analysts looked to answers those questions and more and arrived at more potential benefits than risks if blockchain gains a greater presence within the auto ABS market and elsewhere within structured finance.
“Blockchain holds the promise of potential cost savings, new operational efficiencies, and improved transparency and accuracy. With these benefits, the technology could also introduce credit risks to structured finance transactions,” S&P Global Ratings said while introducing its latest report, "What Blockchain Could Mean For Structured Finance," that the firm also shared with Auto Fin Journal.
Analysts set an information foundation first by explaining what blockchain and tokenization are.
S&P Global Ratings described blockchain as a system that facilitates communication between transacting parties while distributing proofs for transaction agreements to all participants. The firm said blockchain is a type of “distributed ledger,” meaning it is a shared database that is replicated and synchronized by a decentralized network.
Analysts emphasized transactions on a blockchain (also referred to as distributed ledger technology [DLT]) are permanently committed to a ledger by groups of transactions called blocks.
The firm added a blockchain network uses ordinary internet connectivity, and users can access blockchain applications via a browser or specialized desktop applications.
“Blockchains incorporate ‘smart contracts,’ defined loosely by IBM as computer code that is stored on a blockchain and executed when defined terms and conditions are met. Smart contracts can enforce a variety of agreements in business collaborations,” report authors said.
“Because smart contracts are programs, it is possible to write them in such a way that they compensate for any features unavailable in the chosen blockchain,” they continued.
Meanwhile, S&P Global Ratings noted that tokenization is the conversion of the value of an illiquid asset (such as property) into a fixed number of liquid tokens, which themselves have a fractional value of the original asset. Analysts pointed out that the perceived value of the token can be limited to the blockchain on which the token is created and managed.
Alternatively, the token can enjoy extended reach if it can be exchanged for other currencies, including fiat money, according to the report.
With those descriptions as a backdrop, S&P Global Ratings arrived at 10 different potential blockchain benefits for securitization. Report authors broke down the possibilities within four different categories.
Originator and assets
— Ability to create larger homogeneous asset pools to facilitate statistical analysis
— Diversification of assets can reduce vulnerability to economic stress
Process
— Set of smart contract templates developed for securitization will enable quick establishment of the trust and the time frame of the securitization process could be reduced substantially
— Data sets are provided in a structured format, enabling easy and quick programable reconciliation
— Full transparency of process setup and the data used
— Improved quality of available data on the blockchain, which could mitigate reporting errors or potential misrepresentation
Execution
— Quicker and more accurate cash flow reporting
— Real-time transparency during execution as any revealed issues would be known
Oversight
— Real-time full transparency of all transactions
— Ability to statistically test health of the process, and predict the outcome
Conversely, S&P Global Ratings also spotted five potential blockchain risks for securitization. Analysts mentioned:
— Legal and regulatory risks
— Operational and administrative risks
— Credit quality of the securitized assets
— Payment structure and cash flow mechanisms
— Counterparty risks
“We believe legal and regulatory risks and operational and administrative risks would initially be the most affected pillars of our framework by the application of blockchain technology to the securitization process,” report authors said.
For more information and to obtain the entire report, visit www.spglobal.com/ratings.
How fintech is going to be the technological solder that binds dealerships, finance companies and consumers into an even stronger relationship permeated discussions at a host of annual automotive events late last month in San Francisco.
Cherokee Media Group is looking to continue that dialogue in a more intimate conference setting when it again hosts the Automotive Intelligence Summit, which aims to give leading experts in the auto fintech space the opportunity to reinforce the need for collaboration to strengthen current revenue streams and open new ones.
“Last summer’s first Automotive Intelligence Summit poured a great foundation for industry dialogue we heard for the remainder of 2018 and into the opening portion of this year,” Cherokee Media Group president Bill Zadeits said. “And we want this year’s Summit to extend that conversation where dealerships, finance companies, fintech entrepreneurs, investors and related experts all can let their voices be heard in an interactive setting that delivers more than just talking points, but also tangible strategy to lift the entire industry.”
The Automotive Intelligence Summit again will be in Raleigh, N.C., in the heart of North Carolina’s Research Triangle. Nestled among some of the most successful technological companies and leading universities, attendees will be gathering in the Tar Heel State capital on July 23-25 for a mix of keynote presentations and networking opportunities.
Last year, experts from an array of successful firms participated, including:
— Ally Financial
— Cox Automotive
— defi SOLUTIONS
— DRN
— Experian
— EY
— Fair
— Hudson Cook
— IBM
— IHS Markit
— KAR Auction Services
— Maryann Keller and Associates
— National Automobile Dealers Association
— SAS
These leading authorities shared not only what’s happening within their shops, but also provided projections about ways fintech might influence how dealerships and finance companies gain new customers as well as retain current ones.
Cherokee Media Group is already accepting applications to speak this summer’s event. Applications can be completed here.
“We are looking to provide the platform for the most innovative companies, experts and executives to showcase what is going to impact our businesses so the industry can remain nimble and address potential challenges,” Zadeits said.
“We all know fintech development is in constant motion,” he continued. “The Automotive Intelligence Summit will provide a pathway for growth for the remainder of 2019 and beyond.”
For more details about the Automotive Intelligence Summit, go to www.autointelsummit.com.
