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This Month's Focus

Turbocharged Finance
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3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

TD Auto Finance appoints Womack as president & CEO

marc womack with logo for web
Auto Fin Journal Staff
After being with the finance company for the past seven years, Marc Womack now is president and chief executive officer of TD Auto Finance. According to a news release from TD Bank distributed on Thursday, Womack will oversee the expansion ... [Read More]

CDK names Garen as chief information officer

Garen CDK Global for web
Auto Fin Journal Staff
With a background in the banking, financial services, investment and medical industries, CDK Global welcomed its new chief information officer on Thursday. Taking on the role of CIO for the automotive retail technology company is Kirsten Garen who also will ... [Read More]

Shred-it report details depth of data-breach rise among large firms & small businesses

Shred_it_Shred_it_10th_Anniversary_Data_Protection_Report_for web
Auto Fin Journal Staff
Shred-it discovered noticeable jumps since 2017 in both corporate executives and small-business owners reporting that they experienced a data breach. The information security service provided by Stericycle announced the findings when Shred-it released its 10th anniversary edition of the Data ... [Read More]

Capital One among latest investors pushing $13M into Lightico

money-stack
Auto Fin Journal Staff
Lightico not only is gaining more clients, but the platform built so customers can interact digitally with auto-finance companies and other financial services firms is securing more funding resources, too. On Tuesday, Lightico announced a $13 million investment led by ... [Read More]

MUSA Auto Finance lands 2 partners to enhance leasing platform

musa image for web
Auto Fin Journal Staff
MUSA Auto Finance is looking to capitalize on the leasing market, especially with more happening digitally nowadays. This week, MUSA Auto Finance announced plans to expand both its new- and used-vehicle leasing platform nationwide through a partnership with two large ... [Read More]

Market Scan to fuel Shop.Click.Drive for GM

GM building
Auto Fin Journal Staff
Market Scan Information Systems’ newest partnership is with one of the world’s largest automakers. On Monday, the automotive solutions and data provider announced it will integrate with General Motors’ Shop.Click.Drive digital retailing platform.  Shop.Click.Drive will be powered with Market Scan’s ... [Read More]

Financial Data Exchange highlights accomplishments in just 2 years

FDX logo for web
Auto Fin Journal Staff
The Financial Data Exchange celebrated the significant growth and accomplishments the organization has generated in just two years. FDX marked its second anniversary by reiterating its goal of unifying the entire financial industry around a secure, common, interoperable and royalty-free ... [Read More]

Constant among the 2020 Benzinga Fintech Listmakers

fintech investment
Auto Fin Journal Staff
It’s been an award-winning autumn so far for Constant. A week after it received a 2020 AI TechAward, the fintech and automated loss mitigation provider announced on Wednesday that it has been named to the 2020 Benzinga Global Fintech Listmakers. ... [Read More]

Fair launches pilot to lease Acura and Honda CPO vehicles

2020 Honda Civic touring
Auto Fin Journal Staff
Because of its robust new-model leasing activities, Honda and Acura usually have a deep well of vehicles that can become certified. And with a new pilot program orchestrated by Fair, those CPO units now can be leased again. On Wednesday, ... [Read More]

Newest financing pushes Tekion valuation above $1 billion

tekion for web
Auto Fin Journal Staff
Fueled by its Series C financing round of $150 million, Tekion recently announced its valuation now stands at more than $1 billion. And with an array of automakers and major dealership groups in the mix, the cloud technology company and ... [Read More]

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