Open Invention Network (OIN), the organization formed to safeguard open-source software (OSS), announced on Wednesday that The Clearing House (TCH) has joined as a community member. As the nation’s most experienced payments company, operating U.S.-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image and real-time payments, […] [Read More]

In this episode of the Auto Remarketing Podcast, we are joined by Jeremy Beck, who is the vice president of dealer development at the National Independent Automobile Dealers Association. Beck talks with Auto Remarketing senior editor Joe Overby about the association's recent NIADA Policy Conference in Washington, D.C., and looks ahead to NIADA's BHPH Super Forum […] [Read More]

On Wednesday, ACI Worldwide and Constant highlighted how they’re now working together. The provider of mission-critical, real-time payments software and the fintech involved in self-service loan management software announced a partnership that they said will allow finance companies to increase contract volumes, streamline their collection process, drive revenue and lower cost to serve. Pairing ACI […] [Read More]

According to a new report published by UnivDatos Markets Insights, artificial intelligence in the fintech market is expected to grow at a compound annual growth rate (CAGR) of around 30% from 2022 through 2028. UnivDatos Markets Insights highlighted that its report has been aggregated by collecting informative data on various dynamics such as market drivers, […] [Read More]

S&P Global Ratings acknowledged this week that it is too early to assess the full impact of Hurricane Ian on rated U.S. auto asset-backed securities (ABS). However, firm analysts currently believe that rating downgrades are unlikely, based on their assessment of … [Read More]

Informed.IQ, a provider of artificial intelligence-based software for financial institutions, has made notable inroads with providers in the subprime auto finance space. First, continuing its focus on artificial intelligence and machine learning, Consumer Portfolio Services last month partnered with Informed.IQ to calculate income automatically, collect and clear credit stipulations and dealer docs, creating a better […] [Read More]

Nissan is broadening the age and mileage eligibility in its certified pre-owned program through a new offering called “Certified Select,” which will also include certain non-Nissan vehicles. Vehicles up to 10 years old with up to 100,000 miles will be included in Certified Select, which provides an 84-point inspection and six-month/6,000-mile limited warranty and roadside […] [Read More]

There are three types of vehicles that have either started arriving in the auction lanes or are likely to do so soon, with each speaking to a larger industry trend — those being flooded vehicles, repossessions and model-year 2023 cars. Black Book spoke to these trends in its latest weekly Market Insights report, recapping the week […] [Read More]

Certified pre-owned sales fell more than 11% year-over-year in September and were off 5% from August, according to a Cox Automotive analysis of Motor Intelligence data. With 201,707 CPO vehicle sales, September marked the softest sum in seven months.  And through nine months, year-to-date certified sales are at 1.84 million, down 15% from the 2.16 […] [Read More]

Vincentric spotlighted its 2022 Best CPO Value in Canada Awards last week, and standing out from the pack were Toyota and Hyundai. Both took home four model-level wins as well as one brand award apiece, with Toyota earning top marks in the passenger car category and Hyundai winning the SUV/van category. Audi earned the brand […] [Read More]