JM Family reveals succession plan with Chait to replace Burns as CEO
Monday, Oct. 21, 2024, 12:31 PM
Timmerman’s distinguished career at Ally now includes Auto Finance Executive of the Year Award
Monday, Oct. 28, 2024, 09:59 AM
Credit Sesame rolls out AI platform to boost credit management
Monday, Oct. 28, 2024, 11:37 AM
Wells Fargo to become preferred purchase financing provider for VW, Audi, Ducati dealers in US
Monday, Sep. 16, 2024, 04:29 PM
Auto Fin Journal Staff
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]
PODCAST: New resource to improve income verification
Wednesday, Sep. 11, 2024, 11:47 AM
Auto Fin Journal Staff
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]
VicOne & Block Harbor spearheading automotive capture the flag competition for cybersecurity
Wednesday, Sep. 11, 2024, 11:47 AM
Auto Fin Journal Staff
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]
DataScan rolls out comprehensive commercial lending solution
Monday, Sep. 9, 2024, 12:05 PM
Auto Fin Journal Staff
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 bolsters fraud prevention with Point Predictive
Monday, Sep. 9, 2024, 12:05 PM
Auto Fin Journal Staff
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]
Top 3 trends highlighted in Experian’s annual Identity and Fraud Report
Wednesday, Sep. 4, 2024, 12:11 PM
Auto Fin Journal Staff
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, AuditBoard announce integration with SAP
Wednesday, Sep. 4, 2024, 12:10 PM
Auto Fin Journal Staff
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 on track for more BNPL financing growth at dealerships with myKaarma integration
Wednesday, Aug. 28, 2024, 12:41 PM
Auto Fin Journal Staff
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]
Survey: Americans want more transparency about AI usage
Wednesday, Aug. 28, 2024, 12:39 PM
Auto Fin Journal Staff
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]
3 enhancements to FICO Platform designed for improved decisioning speed
Monday, Aug. 26, 2024, 12:02 PM
Auto Fin Journal Staff
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]