Aimed at transforming how the institution prices vehicle loans for its members, Credit Union of Colorado recently selected LendSmart Auto, a new artificial intelligence-powered auto loan pricing engine offered by Scienaptic AI. The platform from the provider of AI-powered credit ... [Read More]

A growth rate of 61% during a four-year stretch might be a trajectory anyone associated with auto financing would appreciate. Well, that rate is one of the highlights of the Q3 Auto Finance Digital Transformation Index from Wolters Kluwer Compliance ... [Read More]

GrooveCar Direct recently expanded its network of credit unions that are a part of its car-shopping program. The eight newest credit unions to partner with GrooveCar Direct include: —ACE Federal Credit Union, based in Mays Landing, N.J., with $62.5 million ... [Read More]

Last week, Porsche Financial Services announced three appointments to its executive leadership team through changes that took effect Oct. 1. Among the executive adjustments were: —Jonathan Lippert as vice president of operations —Joe Pitstick as general counsel, corporate secretary, and ... [Read More]

Autonomy is taking its stab at cracking the decade-long conundrum of generating notable momentum for used-car leasing. As the company highlighted that it more than doubled its subscription reservations in third quarter versus the previous quarter, Autonomy also announced on ... [Read More]

Arvest Bank — a regional, full-service lender with more than 200 locations throughout Arkansas, Oklahoma, Kansas and Missouri — recently upgraded to FICO Auto Score 10 in a move to give the institution a more precise view of borrower risk ... [Read More]

In the early 2000s, I sat at a dealership finance desk with a calculator, a stack of pay stubs, and a phone that wouldn’t stop ringing. I gathered stips by hand, calculated income line by line, and verified insurance, hoping ... [Read More]

FlexPath DXP and Ignited Services finalized a strategic partnership last week to introduce PaymentIQ, an Ignited-branded consumer qualification and payment-shopping solution powered by FlexPath DXP. The partnership connects Ignited’s digital marketing capabilities with FlexPath’s VeriQual identity verification, credit prequalification and ... [Read More]

NETSOL Technologies recently highlighted Mercedes-Benz USA has approved NETSOL as a digital retail provider for Mercedes-Benz dealerships. This move opens the brand’s dealer network to Transcend Retail, NETSOL’s digital retail platform. The platform gives buyers a single, continuous purchase experience, ... [Read More]

Point Predictive recently launched Predictor Agents, a deep intelligence fraud-prevention tool. The tool is designed to give lenders three new ways to manage fraud before funding and during servicing, covering the applications they receive and, for auto lenders, the dealers ... [Read More]