The coronavirus pandemic might be paralyzing many segments of the economy, but a fintech industry acquisition still surfaced this week worth more than $1 billion. On Tuesday, online personal finance company SoFi announced it has signed a definitive agreement to ... [Read More]

About a week after reinforcing its floor-plan capabilities, Vroom also bolstered its ability to originate financing for its online retailing operation. On Wednesday, Vroom announced a multi-year strategic preferred financing relationship with Santander Consumer USA. The company highlighted the partnership ... [Read More]

Scot Hall, executive vice president of Swapalease.com and Wantalease.com, acknowledged he’s always been a “glass half-full” person. And the coronavirus pandemic hasn’t changed his mindset. Hall joined senior editor Nick Zulovich for another episode of the podcast to discuss how ... [Read More]

Along with announcing its annual meeting of stockholders will be held in a virtual format only, Carvana this week welcomed the influx of funding it gathered from investors. Through its previously announced initiative, Carvana said it has raised $600 million ... [Read More]

Lightico conducted a customer survey this past weekend and found an overwhelming majority of its auto-finance users — 90.1%, to be exact — currently prefer digital or remote interaction with their provider stemming from the ongoing coronavirus pandemic. Meanwhile, Lightico also ... [Read More]

Just about a week after landing a funding commitment of up to $2.0 billion from Ally Financial, Carvana is turning back to the investment community to generate more financial resources. On Monday morning, Carvana announced the pricing of a registered ... [Read More]

Even before the coronavirus pandemic, smoothing the digital retailing and financing processes was a priority for Jennifer Reid at Equifax. For this podcast episode recorded during the Vehicle Finance Conference hosted by the American Financial Services Association back in February, ... [Read More]

The coronavirus pandemic has forced more consumers to shop online and dealers and fintech firms to polish their digital retailing endeavors. And fraudsters are sharpening their deceptive tools, too. On Tuesday, TransUnion released new research that quantifies the spike in ... [Read More]

Fiserv bolstered its technology toolbox through an acquisition last week. The global provider of payments and financial services technology solutions announced the acquisition of Bypass Mobile, an independent software vendor (ISV) and innovator in enterprise point-of-sale systems. Officials explained the ... [Read More]

Ally Financial is making sure Carvana has liquidity to keep its online vehicle retailing machine in motion no matter the challenges the coronavirus pandemic is presenting the industry. Late on Tuesday, Carvana announced a significant increase and extension of its ... [Read More]