Experian: New data sources create new opportunities for dealers and car shoppers
Wednesday, Sep. 18, 2019, 09:23 PM
Paul DeSaulniers, Experian
Every car shopper’s path to purchase is different; though there are some decisions that are universal. Car buyers need to make decisions on make and model, technology, new or used, loan or lease, and the list goes on. And oftentimes, ... [Read More]
truPayments partners with Kemba Credit Union
Tuesday, Sep. 17, 2019, 05:14 PM
Auto Fin Journal Staff
Credit union members in one of Ohio’s largest cities now can take advantage of what truPayments is geared to deliver. The financial technology company announced on Tuesday that it has teamed up with Kemba Credit Union to offer its members ... [Read More]
$500M facility to help Fair ‘sharply scale’ Uber partnership
Tuesday, Sep. 17, 2019, 02:45 PM
Auto Fin Journal Staff
It has been a busy September for Fair. Less than a week after announcing it was buying Ford Motor Credit’s Canvas vehicle subscription service, Fair said Tuesday it has secured a $500 million revolving credit facility to help “sharply scale” ... [Read More]
Report: Outside fintech growth could cost banks $280B in payment revenue
Monday, Sep. 16, 2019, 03:13 PM
Auto Fin Journal Staff
As fintech developments germinate from outside firms, a new report from Accenture showed how much these new solutions could impact banks. Accenture said as much as 15% of banks’ global payments revenue, or $280 billion, is likely to be displaced ... [Read More]
Honcker rebrands as Rodo with eyes on more leasing growth
Monday, Sep. 16, 2019, 03:10 PM
Auto Fin Journal Staff
One of the honorees among this year’s Emerging 8 appearing at this summer's Automotive Intelligence Summit now is operating under a new brand name. On-demand auto leasing startup Rodo, previously known as Honcker, recently exited beta with a major update ... [Read More]
3 investors push $19M into data science platform aimed at functioning like search engines
Wednesday, Sep. 11, 2019, 03:42 PM
Auto Fin Journal Staff
Explorium is taking advantage of the investment community seeing “data as the new oil” in an effort to sharpen a tool that can scan data sets and function like a web search engine. On Wednesday, the data science platform fueled ... [Read More]
PODCAST: Examining developing players and bright future of auto fintech
Wednesday, Sep. 11, 2019, 03:41 PM
Auto Fin Journal Staff
In a few special editions of the Auto Remarketing Podcast, we’re sharing some of the panel discussions and keynote presentations from the recent Automotive Intelligence Summit in Raleigh, N.C. Next up is a pair of presentations from Marguerite Watanabe, president ... [Read More]
Mezu appoints Trujillo as chief compliance and risk officer
Monday, Sep. 9, 2019, 03:17 PM
Auto Fin Journal Staff
Mezu, a mobile payments app that can enable users to pay and get paid by anyone anywhere for anything without sharing any personal information, recently announced that it has promoted Luis Trujillo to the role of chief compliance and risk ... [Read More]
FICO sharpens vehicle-monitoring technology to predict future collisions
Monday, Sep. 9, 2019, 03:15 PM
Auto Fin Journal Staff
FICO is showing that its technology and analytics repertoire includes more than just the score that’s often so valuable in auto-finance underwriting. FICO, in partnership with risk management firm eDriving, recently launched the latest version of the FICO Safe Driving ... [Read More]
How blockchain is computing residual values in China
Wednesday, Sep. 4, 2019, 03:54 PM
Auto Fin Journal Staff
Using blockchain to compute residual values appears to be unfolding in China with a high-line brand that often heavily depends on the metric. According to a recent news release, PlatON has developed a bespoke blockchain-based vehicle residual value management platform for the ... [Read More]
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