Major consolidation in the fintech space unfolded on Wednesday. Fiserv and First Data Corp. announced that their boards of directors have unanimously approved a definitive merger agreement under which Fiserv will acquire First Data in an all-stock transaction. The companies said the transaction unites two premier firms to create one of the world’s leading payments […] [Read More]

Black Book responded to auto finance companies and buy-here, pay-here dealers still looking for help on how to comply with upcoming accounting changes in connection with reserving for losses. On Wednesday, Black Book released a new educational white paper titled, “Analytic-Driven Data Helps Auto Finance Lenders Mitigate Risk & Become CECL Compliant.” To recap, the […] [Read More]

Some smartphones no longer need a cord to recharge, and now Advantage GPS has a unit that doesn’t need wires to function in a vehicle connected with a retail installment sales contract held by an auto finance company. On Wednesday, the Procon Analytics company that captures and translates raw data into actionable business intelligence, launched […] [Read More]

Two technology names in the compliance space now are within the same organization. On Tuesday, KPA, a software-as-a-service and services provider for compliance and workforce management solutions, announced its acquisition of Compli, a provider of HR business process automation solutions. A news release did not contain details about financial terms of the transaction. The company […] [Read More]

Deloitte focused on three new technologies in an annual report that highlights on the latest trends that experts described as creating a climate of disruption and uncertainty. The report titled, “Tech Trends 2019: Beyond the digital frontier,” explored how the convergence of new technologies with powerful forces is driving disruption across industries. According to a […] [Read More]

A trio of connected global OEMs is pushing more resources into streamlining the vehicle-purchase process with improved, cloud-based technology. Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, announced a new investment in digital technologies and services by investing in Tekion, a U.S. company that seeks to bring connected digital experiences to automotive retail through machine learning […] [Read More]

Cognomotiv, a provider of real-time data services that certify the safety, security and proper functioning of modern vehicles at runtime, recently introduced its board of advisers; a group that includes former high-ranking executives at General Motors and Enterprise Holdings. The company highlighted this team of entrepreneurs and industry luminaries will bring deep automotive, cybersecurity, technology and […] [Read More]

vAuto said Wednesday it has purchased used-car reconditioning management platform iReconCars and is relaunching it as iRecon. Co-founders Mike Boyd and Micah Tindor will stay on with vAuto parent company Cox Automotive. Boyd will be senior director of business enablement for iRecon, and Tindor will be business operations director for iRecon. The iRecon platform is […] [Read More]

The concept of market-based stocking, appraising, and pricing has become common place in the retail automotive industry over the past decade. The basic concepts behind market-based stocking makes sense on a macro level; it is very demand-based.  If consumers are purchasing certain vehicles in your market, you should source those vehicles because they are more likely to […] [Read More]

Elcometer, an inspection equipment design, manufacturing and supply company for the automotive and protective coatings markets, has moved into its new North American headquarters and training facility. Based in Warren, Mich., Elcometer’s new 22,000-square-foot North American headquarters at 6900 Miller Drive provides office space for sales and technical support teams and accommodates its ISO 17025 test […] [Read More]