J.D. Power study reinforces role people play in auto financing
Wednesday, Aug. 21, 2019, 01:45 PM
Auto Fin Journal Staff
As much as dealers and finance companies are taking advantage of technology, the J.D. Power 2019 U.S. Dealer Financing Satisfaction Study showed how critical of a role people still play in how stores fund their inventory needs and facilitate credit for ... [Read More]
CNCDA convinces California officials to investigate Volvo subscription service
Wednesday, Aug. 21, 2019, 01:43 PM
Auto Fin Journal Staff
The California New Car Dealers Association (CNCDA) isn’t pleased with Volvo’s subscription service, and the organization is getting state authorities involved. According to a news release, the organization representing nearly 1,200 franchised dealerships statewide successfully convinced California’s New Motor Vehicle ... [Read More]
AutoGravity launches vehicle subscription lead service for dealers
Monday, Aug. 19, 2019, 04:05 PM
Auto Fin Journal Staff
Based in part on the findings of a consumer survey it orchestrated during the past year, AutoGravity now is looking to provide dealers with leads via a subscription service. The digital platform provider already helped consumers find ways of landing financing ... [Read More]
Why more than 1 in 4 financial services consumers might be leaving their current provider
Tuesday, Aug. 13, 2019, 08:58 PM
Auto Fin Journal Staff
It appears loyalty to a financial services provider might be waning, especially when considering younger users. More than a fourth of financial services consumers (28%) said they are considering switching to a new financial services company, according to a new ... [Read More]
Experian’s Ascend Analytical Sandbox now available to more lenders & fintechs
Tuesday, Aug. 13, 2019, 08:56 PM
Auto Fin Journal Staff
In a move that the company said will help fintechs, credit unions and banks of all sizes stay ahead of rapidly changing consumer behaviors by leveraging rich data sets and advanced analytics, Experian on Tuesday announced new configurations of its ... [Read More]
Wedbush Securities names SVP, head of change management and process improvement
Monday, Aug. 12, 2019, 04:02 PM
Auto Fin Journal Staff
Wedbush Securities, which provides private and institutional clients with a wide range of securities brokerage, wealth management and investment banking services, recently announced the appointment of Andrea Epinger as a senior vice president and head of change management and process ... [Read More]
FICO chief analytics officer collects 100th software patent application
Monday, Aug. 12, 2019, 04:00 PM
Auto Fin Journal Staff
FICO chief analytics officer Scott Zoldi recently reached the century mark, achieving another data-science career milestone with his 100th software patent application. Zoldi has been an inventor on 100 patent applications for machine learning and AI software technologies and techniques. ... [Read More]
Early details of FedNow Service for ‘near-instantaneous’ fund transfers
Wednesday, Aug. 7, 2019, 03:59 PM
Auto Fin Journal Staff
One of the most important parts of the entire auto-finance process is collecting payments. And the Federal Reserve is looking to help with that crucial process. The Federal Reserve Board on Monday announced that the Federal Reserve Banks will develop ... [Read More]
With nearly 80% of execs wanting AI in auto-financing platform, 7 steps to build software
Wednesday, Aug. 7, 2019, 03:57 PM
Auto Fin Journal Staff
As an evaluation firm articulated the top seven steps to follow within a software development life cycle, a provider of cloud-based software solutions for all financial institutions announced the results of its latest survey focused on the need for artificial ... [Read More]
UK’s Secure Trust Bank leverages White Clarke Group’s wholesale finance solution
Wednesday, Aug. 7, 2019, 03:55 PM
Auto Fin Journal Staff
Following the initial workshops nine months ago, White Clarke Group recently delivered its CALMS wholesale finance solution to V12 Vehicle Finance, the automotive financial services arm of Secure Trust Bank, an established, well‐funded and capitalized retail bank in the U.K. ... [Read More]