Auto-loan fraud is a significant challenge to the auto-finance industry — one that actually grew during the pandemic. Auto-finance fraud reportedly cost the industry $7 billion in 2018 alone and resulted in damage to business reputation and compliance issues. Better ... [Read More]

An executive who spent nearly two decades with Gulf States Toyota now is the chief operating officer FunnelAI, a real-time B2B artificial intelligence-based semantic search platform. Taking on this role for FunnelAI is Laura Ryan, who will be responsible for ... [Read More]

Last week, Nacha highlighted how much electronic financial transactions jumped year-over-year during the second quarter, triggered in part by the coronavirus pandemic. The steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates ... [Read More]

An executive who began his professional career in the trenches at a dealership now is the vice president of business development of CarLabs.ai, an artificial intelligence-powered, conversational engagement platform designed to successfully implement and personalize sales and customer service via ... [Read More]

This past week, CU Direct announced a new integration with VinSolutions automotive CRM, creating what the tech firms believe are six benefits for dealership F&I offices. As a result of the collaboration, CU Direct has expanded its CUDL auto financing ... [Read More]

In a preview of what he will discuss in more detail during the all-digital Automotive Intelligence Summit, DRN executive vice president and general manager of fintech Jeremiah Wheeler offered some insight into the company’s location data gathered since the coronavirus ... [Read More]

The online marketplace for consumers to find and finance their next vehicle digitally gained another participant this week, highlighting access to an inventory of more than 100,000 used vehicles for sale nationwide. Shop.com, Market America's primary global e-commerce website, introduced ... [Read More]

Mark Luber is hitting the ground running as the chief product officer for Equifax United States Information Solutions (USIS). Just a few days after announcing he joined the company from Cox Automotive, Luber highlighted the newest tool from Equifax; the ... [Read More]

The next chapter in Chip Perry’s professional career officially began last Friday; this time with another start-up. The executive who previously has served as a leader with The Los Angeles Times, Autotrader and TrueCar became president and chief executive officer ... [Read More]

A Midwest franchised dealer group with its own finance company finalized a partnership with Inovatec Systems Corp. on Wednesday. The provider of cloud-based software solutions for all financial institutions now has a relationship with Wisconsin Consumer Credit, the financial arm ... [Read More]