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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

SBS reinforces US executive team to gain more floor plan business

executive boardroom
Auto Fin Journal Staff
SBS, the global financial technology company whose wholesale finance platform powers operations for OEM captives including Mercedes-Benz, Nissan, Toyota and Volvo, has appointed a U.S. leadership team as floor plan lenders search for a more efficient way to run their ... [Read More]

Parafin & Tekion launch buy now, pay later tools for dealers

Auto Fin Journal Staff
Dealers now can use buy now, pay later paths like their consumer customers. Last week, Parafin, an embedded finance company for platforms, announced a partnership with Tekion, an artificial intelligence-native platform serving the entire automotive retail ecosystem. Together, they launched ... [Read More]

FlexPath DXP hires Neilson as director of dealer and channel development

Auto Fin Journal Staff
FlexPath DXP on Wednesday named Shannon Neilson as director of dealer and channel development. Neilson is being tasked with working directly with dealers, agencies, and channel partners to help them better understand how consumers are engaging with their marketing and ... [Read More]

With Presidio Group as exclusive financial advisor, Carputty closes Series B financing to push total capital raise past $40M

Auto Fin Journal Staff
The Presidio Group served as exclusive financial advisor on the Series B financing of Carputty to accelerate expansion of its embedded finance platform across the automotive industry. This latest round of financing brings the total capital invested in Carputty — ... [Read More]

Jericho Information Technology & Fuse share initial goals for partnership

Auto Fin Journal Staff
Jericho Information Technology and Fuse recently formed a new partnership with the goal of rolling out joint initiatives in the coming months. Jericho operates in the indirect auto lending business, importing data from many legacy systems into a single platform ... [Read More]

PODCAST: Recapping credit scores & other trends in auto finance with Shams Blanc of FICO

Auto Fin Journal Staff
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 ... [Read More]

Nissan and INFINITI dealers now can use DigniFi to expand flexible payment options for service, parts & accessories

Auto Fin Journal Staff
Nissan and INFINITI dealers have another option to help remove affordability barriers that often lead customers to decline or defer recommended work. The option came on Tuesday when DigniFi announced that it will offer its services. Nissan and INFINITI dealers ... [Read More]

Solifi acquires Inovatec to create unified platform for auto & specialty finance

Auto Fin Journal Staff
Solifi CEO Dan Corazzi said, “Automotive finance is one of the clearest examples of why connected technology matters.” Corazzi made that assertion on Tuesday when Solifi announced that it has acquired Inovatec Systems Corp., a cloud-based lending technology provider serving ... [Read More]

Informed appoints new CEO as AI platform eyes major growth beyond auto lending

Auto Fin Journal Staff
Informed has a new chief executive officer with plans on expanding beyond auto lending into adjacent verticals. On Monday, the artificial intelligence-powered platform that helps lenders verify applications, detect fraud, and accelerate loan funding across auto and consumer lending appointed ... [Read More]

Boasting continued profitability, TrueCar lands two new credit union partners

Auto Fin Journal Staff
Coinciding with maintaining profitability since going private in January, TrueCar has landed newest credit union partners, including one that’s considered the second-largest credit union in the U.S. Linking with TrueCar as partners are State Employees’ Credit Union (SECU), which has ... [Read More]

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