CheckMy Driver designed to make insurance & ID verification ‘a snap’
Friday, Jul. 26, 2024, 03:13 PM
Auto Fin Journal Staff
One of this year’s Emerging 8 honorees rolled out a tool designed to save more than 30 minutes per transaction at a dealership. CheckMy Driver, built by Modives, is geared to help dealers who typically must spend 30 minutes or ... [Read More]
The cybersecurity reality check: Your dealership isn’t as prepared as you think
Wednesday, Jul. 17, 2024, 11:37 AM
Richard Hudson, Ignite Consulting Partners
One click put 15,000 dealers down. It was a staggering display of vulnerability. A single action by one individual, likely an unwitting click on a malicious link or attachment, crippled a system that 15,000 car dealerships across the United States ... [Read More]
Lendbuzz gains more financial resources, this time with BHI
Wednesday, Jul. 17, 2024, 11:03 AM
Auto Fin Journal Staff
Lendbuzz secured more financial resources for the third month in a row. BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, announced on Tuesday that it has entered into an agreement with Lendbuzz to upsize the existing ... [Read More]
Former KeyBank, USAA Bank exec joins Alliant Credit Union
Monday, Jul. 15, 2024, 12:01 PM
Auto Fin Journal Staff
Alliant Credit Union, a national digital financial institution with more than 800,000 members and $20 billion in assets, revealed its chief information officer and head of business strategy on Monday. Taking on the position after serving in roles with KeyBank, ... [Read More]
Top 10 sedans from 2024 model year with lowest insurance costs
Monday, Jul. 15, 2024, 11:59 AM
Auto Fin Journal Staff
With more attention being paid to what it costs to obtain car insurance nowadays, Mercury Insurance compiled a list of the most affordable new sedans to insure. The California-based company, which has a network of more than 8,000 independent agents ... [Read More]
Edmunds Q2 data includes more negative equity & lengthening terms
Wednesday, Jul. 10, 2024, 12:00 PM
Auto Fin Journal Staff
Two elements of auto financing clearly surfaced when Edmunds reviewed its second-quarter data. Analysts found that negative equity is still a notable factor, and consumers are often seeking elongated terms as a result. Edmunds reported on Wednesday that nearly one ... [Read More]
DigniFi lands $175M in new funding to expand auto repair financing solutions
Wednesday, Jul. 10, 2024, 11:58 AM
Auto Fin Journal Staff
DigniFi, a fintech company specializing in automobile repair financing, announced the addition of two new strategic funding partners on Tuesday. In moves finalized on May 14, DigniFi said Encina Lender Finance is providing up to a $150 million credit facility ... [Read More]