Perhaps as frustrating to auto finance companies as fraud infiltrating its portfolio is an applicant that might be OK, but somehow tripped a trigger inadvertently, and the potential paper went into the electronic trash. To help limit the more than ... [Read More]

More shops are collaborating to boost financing and ancillary products tailored specifically for electric vehicles. Tenet, a leading EV financing platform, announced a partnership this week with Xcelerate Auto, a financial technology company with an emphasis on electric vehicles, to ... [Read More]

Developments within financial technology nowadays aren’t just driven for consumers’ benefits. This week, Solifi announced the release of its latest version of Solifi Wholesale Finance SaaS solution, which includes several new automated features to better manage inventory audits, provide real-time ... [Read More]

Along with being named one of the top growing companies in Canada, Inovatec Systems recently landed its sixth industry relationship so far this year with a complementary service provider. Inovatec, which offers cloud-based software solutions for finance companies, announced it ... [Read More]

Based on the theme of going back to school, Point Predictive’s Frank McKenna and Justin Davis made their monthly visit for the Auto Remarketing Podcast to discuss developments associated with fraud. McKenna and Davis shared what’s been the most interesting ... [Read More]

New research from Bain & Company showed that while high-growth technology companies have been hit the hardest by recent market shifts, 77% of companies are expected to either increase their technology budgets in 2023 or keep it the same. Bain’s ... [Read More]

This week, Alfa announced its latest software update with release 5.7 Alfa Systems, a software platform for asset finance. Alfa highlighted the latest release follows two years of new enhancements in key areas of the product, with new offerings in ... [Read More]

On Tuesday, Fitch Group announced an agreement to acquire a majority stake in dv01, a data and analytics provider to the structured finance market. According to a news release, dv01 will operate as a subsidiary of Fitch Solutions, one of ... [Read More]

Incentives might not be as robust now at dealerships to deliver used and new vehicles. But in at least one place, financial incentives are growing in the vehicle subscription market. On Tuesday, Getaround, a digital peer-to-peer carsharing marketplace, announced a ... [Read More]

This month has included a significant milestone for iLending and its auto refinancing endeavors. After hitting the $1 billion mark in September 2018 and $2 billion last July, iLending recently discovered that it now has surpassed $3 billion in refinanced ... [Read More]