Alfa, the developer of Alfa Systems, recently released the third segment of its Innovation in Implementation whitepaper series. The enterprise software platform for providers of automotive, wholesale and equipment finance published a new whitepaper on best practices in systems integration. The report titled, “Leveraging the Power of an Open Platform,” discusses how best to approach […] [Read More]

Cover Genius found a new path to an industry relationship last week. A leading insurtech for embedded insurance and a 2020 Emerging 8 honoree announced a partnership with Zip, a global buy now, pay later (BNPL) player, to offer customers tailored protection embedded into the payment process and Zip’s wallet experience. According to a news […] [Read More]

Last week, Lease End, a leading online platform empowering consumers to take control of their end-of-lease options, announced a new financing partnership with TD Bank. According to a news release, the partnership will scale Lease End’s digital financing options and allow more lessees to buy out their vehicle. “Too often, lessees are given limited options […] [Read More]

The industry continues to strive toward making payments instantaneous. Open Payment Network (OPN) and North American Banking Co. (NABC) recently announced the capability to deliver instant payments to and from any financial institution on The Clearing House’s Real Time Payment (TCH-RTP) network through NABC’s ExcheQ application. By leveraging OPN’s certified interoperability with TCH-RTP, NABC can […] [Read More]

CarMax is trying to do more than just retail used vehicles nowadays. The company recently released its 2022 corporate responsibility report, which features expanded disclosures and updates on progress across several key initiatives including diversity and inclusion, community impact and its goal of achieving net zero greenhouse gas emissions by 2050. A few of the […] [Read More]

Autonomy keeps collecting relationships that meant to boost its place as an electric vehicle subscription company. On Thursday, Autonomy entered the insurance category, finalizing a connection with DigiSure — a software company that provides screening, insurance management and claims — as its insurance platform partner. Executives highlighted the platform partnership with DigiSure provides Autonomy with […] [Read More]

When Roger Penske, Rick Hendrick and the late Bruton Smith are mentioned, you might just quickly think of auto racing as fast as vehicle retailing. Holand Automotive Group president and chief executive officer Gad Bitton now is on a similar journey, announcing on Friday the acquisition of Circuit Mont-Tremblant, a 4.26-kilometer track in Montreal. Holand […] [Read More]

The first half of the year was a busy one for Auction Academy’s largest class in the 10-year history of the training program. Auction Academy officials recently highlighted Class Group 7 includes 30 students from 17 states, representing a variety of disciples within the automotive industry, including auction operations, floorplan and finance, technology and remarketing. […] [Read More]

What’s often been done in special finance departments at physical dealerships now is being leveraged by Carvana — at least in South Carolina. The online used-vehicle retailer said this week that to make its vehicle financing qualification process easier for South Carolina residents, those potential buyers now have the option to add a co-signer during […] [Read More]

Tricolor is in the running for a pair of prestigious honors. The tech-enabled Community Development Financial Institution (CDFI) and one of the nation’s largest used-vehicle retailers that caters to Hispanic consumers announced it has been named a finalist in two categories for the annual Finovate Awards: Excellence in Financial Inclusion and Best Consumer Lending Solution. […] [Read More]