Investors are bullish about text messaging. Solutions by Text (SBT), a platform for compliance-first messaging and payments, on Wednesday announced the raising of $110 million in new growth financing. According to a news release, growth equity investment firm Edison Partners co-led the transaction with StepStone Group, a global private markets investment firm. Stifel Venture Bank, […] [Read More]

This week, the Identity Defined Security Alliance (IDSA) released its 2024 Trends in Identity Security Report, which is based on an online survey of more than 520 identity and security professionals from organizations with more than 1,000 employees. The nonprofit that provides vendor-neutral resources to help organizations reduce the risk of a breach by combining […] [Read More]

Solifi recently launched ESG Portfolio Strategist as the latest application in its product suite. Enabling automotive finance companies to operationalize environmental, social, and governance (ESG) strategy within their existing leasing workflow, the global fintech software partner for secured finance said ESG Portfolio Strategist can enable ESG compliance and strategy execution and can support the company […] [Read More]

The blending of former Cox Automotive resources at F&I Sentinel continued Wednesday, this time on the personnel front. The risk-management solutions provider for F&I products in the automotive finance industry announced that Kat Venner-Fowler has joined the company as chief product officer. According to a news release, Venner-Fowler will lead F&I Sentinel’s product team, overseeing […] [Read More]

AutoPayPlus recently promoted two of its executives, elevating Amilcar Matus to senior director of operations, while Carl Moore was named senior director of CRM and data analytics. The payment processing company said the moves strengthens its leadership structure to better navigate the complexities of the market, while also supporting continued career development within the organization. […] [Read More]

The road to broader consumer acceptance of vehicle electrification is fraught with slowdowns, challenges and bumps in the road. Still, wider-spread acceptance of EVs is on the horizon and dealers — both franchise and independent — with support from automakers and/or industry partners such as Cox Automotive, are critical in helping that journey go more smoothly. That’s according to Cox Automotive executives, who highlighted key findings in the company’s “2024 Cox Automotive Path to EV Adoption Study ” during a panel discussion here, May 9. “We’re on this electrification journey.” ... [Read More]

During a May 9 forum with industry media in Detroit, Cox Automotive held a panel discussion on how it is using artificial intelligence to assist its wholesale customers with more accurate vehicle inspections and condition reports and marketing opportunities. Participating in Cox Automotive’s AI panel discussion was Marianne Johnson, chief product officer at Cox Automotive, who said machine learning has been around for 20 years and predictive algorithms based on historical data is not new, either. But over the last two or three years, technology has evolved into ... [Read More]

Fresh off its annual lobbying event in Washington, D.C., the National Auto Auction Association announced it has opened registration for its 2024 NAAA World Remarketing Convention. The convention, set for Oct. 1-3 at the Hilton Bonnet Creek Resort in Orlando, Fla., brings the auto remarketing industry together for association business, honors, networking and educational content. […] [Read More]

When that shopper is waffling over whether the timing is right to buy a used car, here’s a selling point a dealer can pass along to that indecisive consumer, courtesy of CARFAX. “It’s time to get off the fence if that’s where you’ve been sitting and waiting for the right moment to act,” CARFAX editor […] [Read More]

Repairify is investing in the future of auto repair. The auto service/repair technology and data provider announced a donation of more than $180,000 worth of diagnostic tools to the automotive technology program of Collin College in North Texas as part of the company’s initiative with the Repairify Institute to support automotive training. The automotive technology […] [Read More]