Volkswagen Financial Services, the captive finance arm of VW Group of America, has reached a multi-year co-branded agreement with Wells Fargo for the latter to be the preferred purchase financing provider for VW, Audi and Ducati brands in the U.S. ... [Read More]

Perhaps it’s the most crucial part of the entire underwriting process: Does the applicant for auto financing have the reliable income to maintain monthly payments? With the prevalence of fraud happening now, income verification is an ongoing challenge for finance ... [Read More]

Capture the flag (CTF) apparently isn’t just a game for recess. VicOne, an automotive cybersecurity solutions provider, and Block Harbor, an automotive cybersecurity engineering company, are spearheading the Automotive Capture the Flag 2024 competition. This year’s global CTF challenge, with ... [Read More]

Last week, DataScan announced the debut of DataScan360, an innovative, end-to-end commercial lending solution suite specifically designed for dealer-based commercial lenders. The company highlighted its comprehensive suite is designed to fill critical gaps in the commercial lending lifecycle by integrating ... [Read More]

Valley Strong Credit Union wants to generate more auto-finance originations and protect its members from fraud in the process. So, the institution — which operates 31 branches in the California counties of Kern, Kings, San Joaquin, Solano, and Tulare, serving ... [Read More]

If any trends are on a steady, upward trajectory nowadays, it seems like fraud complexity and frequency are two of them. Experian recently released its 2024 U.S. Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime ... [Read More]

Deloitte, a provider of audit and assurance, consulting, tax and risk advisory services, and AuditBoard, a cloud-based platform transforming audit, risk, compliance and ESG management, expanded their working relationship on Wednesday. The companies announced the launch of a custom integration ... [Read More]

Sunbit highlighted in late May that its buy-now, pay-later (BNPL) financing technology is available at more than 50% of dealership service centers in the U.S. The company might be able to build on that footprint courtesy of an integration with ... [Read More]

Auto finance companies and other business segments continue to use artificial intelligence for more tasks. Their consumer customers appear to be getting more cautious about this approach. Results released on Wednesday from the latest survey from Bentley University and Gallup ... [Read More]

FICO recently introduced new innovations to the FICO Platform that can improve real-time decision-making at both speed and scale. FICO highlighted the new enhancements can help teams break down silos and more efficiently reuse models and decision assets to drive ... [Read More]