Informed.IQ, a technology company providing artificial intelligence powered software to streamline verifications and underwriting, announced the launch of CollectIQ. The company said this AI-powered tool can enable auto finance companies to obtain consumer documents digitally to verify financing requirements. Through ... [Read More]

This week, Lisa Ginter, chair of the board of Credit Union National Association (CUNA), along with Gary Grinnell, chair of the board of the National Association of Federally-Insured Credit Unions (NAFCU), announced 15 members who will serve on America’s Credit ... [Read More]

Wolters Kluwer might have found another indirect impact of inflation and the pinch on households and businesses when the professional information and software solutions and services provider released its latest Auto Finance Digital Transformation Index. The index tracks the rate ... [Read More]

Like auto financing, the Internal Revenue Service is trying to enter the digital realm, too. The agency announced last week that taxpayers will have the option to go paperless for IRS correspondence by the 2024 filing season. And the IRS ... [Read More]

Credit unions collectively continue to gain market share in auto financing. How are they doing it? Origence president and CEO Tony Boutelle answered that question, sharing some other interesting data about credit unions and more during this episode of the ... [Read More]

Risk decisioning software provider Provenir announced on Wednesday that automotive financing provider GoFi has selected and implemented Provenir’s data and decisioning platform to assess applicant credit risk quickly for real-time financing approvals. GoFi is an AI-centric, digital-first financing platform. Built ... [Read More]

On Tuesday, the nation’s two leading credit union associations announced their intent to merge and form a new organization. According to a news release, the Credit Union National Association (CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU) would ... [Read More]

In an effort to help finance companies and other lenders verify income and employment information, Experian recently announced consumers can now choose to share information directly from their employers’ payroll service through Experian Verify when applying for credit, including auto ... [Read More]

Stretching terms concern credit unions when building their used-vehicle portfolios, but those auto finance providers don’t appear to be eliminating that practice any time soon. Over-extension on used-vehicle installment contracts is the No. 1 concern for credit unions in the ... [Read More]

Origence and Eltropy said this week that they are expanding their partnership to deliver an enhanced origination experience. The technology solutions provider for credit unions and the digital communications platform for community financial institutions (CFIs) said they’re broadening their partnership ... [Read More]