Because of its robust new-model leasing activities, Honda and Acura usually have a deep well of vehicles that can become certified. And with a new pilot program orchestrated by Fair, those CPO units now can be leased again. On Wednesday, ... [Read More]

Fueled by its Series C financing round of $150 million, Tekion recently announced its valuation now stands at more than $1 billion. And with an array of automakers and major dealership groups in the mix, the cloud technology company and ... [Read More]

BMW Group Financial Services made a move this week to shore up its technological capabilities to serve its automobile and motorcycle retailers. Hybrid cloud data warehouse company Yellowbrick Data announced it has been selected by BMW Group Financial Services to ... [Read More]

Constant has a reason to cheer this week. The fintech and automated loss mitigation provider received a 2020 AI TechAward, which celebrates technical innovation, adoption and reception in the artificial intelligence, machine learning and data science industries as well as ... [Read More]

This week, Inovatec Systems Corp. rebranded one of the key segments of its cloud-based software solutions for financial institutions. Inovatec announced its Compass Lending Platform has been rebranded under the JAVELIN name. Under the JAVELIN moniker, the products now include: ... [Read More]

Formula E has lessons for auto-finance companies as they transform. In Formula E, the world’s first fully electric, international racing championship, data is helping drivers win races. For our partner, Envision Virgin Racing, a founding Formula E team, it’s crucial ... [Read More]

Earlier this week, the Office of the Comptroller of the Currency assessed a $85 million civil money penalty against USAA Federal Savings Bank. According to a news release, the OCC took this action based on the bank’s failure to implement ... [Read More]

Companies that build commercial fleets with the most efficient vehicles available and financed by BBVA USA now can save in another way. The Sunbelt-based financial institution on Thursday unveiled its second product geared toward environmental sustainability, announcing a rate discount ... [Read More]

Ally Financial certainly is familiar with getting signatures for retail installment contracts. The company used its knowledge of that process to honor one of the best race car drivers ever. As seven-time NASCAR champion Jimmie Johnson concludes his final full-time ... [Read More]

Tech startup Carsfast is positioning itself as a contactless and digital service to help consumers buy and finance their next vehicle. To provide strategic guidance and a progressive growth strategy, Carsfast on Tuesday announced the formation of its advisory board; ... [Read More]