In a letter generated as a request for comment by the Treasury Department, the Consumer Financial Protection Bureau last week outlined how it’s watching artificial intelligence and other technology developments. Acknowledging a previous initiative did not generate the results the regulator wanted, the CFPB said it is now focused on fostering innovation and competition “that […] [Read More]

Solifi, a fintech software provider for secured finance, announced that it has recently partnered with LimePoint, a technology specialist in real-time data processing and data streaming consumers. The result is broadened accessibility to Solifi’s data streaming microservice solution. Solifi Data Streaming can allow customers access to a continuous flow of near-real-time data held within Solifi’s […] [Read More]

Lendbuzz has enjoyed a fruitful summer of gaining financial resources to facilitate auto financing. On Tuesday, Lendbuzz announced that it has secured a new $400 million forward flow program with Viola Credit, a global alternative asset manager specialized in providing asset-based solutions to innovative technology enabled finance companies. The development arrived after Lendbuzz gained a […] [Read More]

About a month after rolling out a financing program tailored for work trucks, FinBe USA announced the hiring of a new chief risk officer on Wednesday. Through a post on LinkedIn, FinBe USA welcomed Raghu Venkat, who is bringing more than 20 years of experience in risk management and analytics to the finance company that […] [Read More]

KPA on Tuesday launched a new guided solution for advertising, sales and finance (ASF) compliance, designed specifically for dealerships navigating changing regulations. KPA said this combination of software and consulting services provides an end-to-end solution to lower business risk, avoid fines, and protect dealerships from current and future regulations. The company highlighted that KPA’s solution […] [Read More]

Proactive Dealer Solutions (PDS) — which was acquired by Better Car People (BCP) in June — announced the integration of Brooke.ai with Dealer-FX, blending the advanced digital voice assistant with the service lane technology provider. PDS highlighted that this integration rolled out on Tuesday can enhance dealership efficiency, optimize customer interactions and boost service lane […] [Read More]

Marchex, which can harness the power of AI and conversational intelligence to drive operational excellence and revenue acceleration, announced a partnership on Tuesday with DealerOn, a leading automotive marketing technology company. According to a news release, DealerOn will deploy Marchex’s call analytics and attribution platform to optimize marketing campaigns for their customers by leveraging conversational […] [Read More]

Dent Wizard International has a new man behind the curtain. The provider of vehicle reconditioning services announced it has promoted chief financial officer Bryan Wynn to president. In a news release, the company said Wynn will lead the finance, growth and development, operations planning and engineering, people, sales operations, supply chain and technology teams. He’ll […] [Read More]

Work Truck Solutions unveiled “significant” updates to its 2-Minute Prospecting, Resource Rack and Vehicle Detail Printing. The company that provides tools for stores that are in the commercial vehicle space said the enhancements can boost a dealership’s ability to streamline workflows, strengthen commercial customer engagement and enhance the sales process. The company explained a seamless […] [Read More]

Perhaps dealers are mingling in the auction lanes or holding their smartphones scouring the wholesale market and asking, “How did we get here?” Well, Black Book offered an answer on Tuesday after analysts spotted a 0.17% dip in wholesale values last week. “Fast forward three years from a COVID market low in new-vehicle production,” Black […] [Read More]