It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs and artificial intelligence in general remaining a hot topic for lenders and consumers alike. In […] [Read More]

At the end of Q2 2026, the New York Federal Reserve reported that loan originations hit a record $211 billion, the highest figure in the Fed’s data history. At the same time, lenders continued to extend credit to an increasing number of borrowers with lower credit scores, even as many of them transitioned into serious […] [Read More]

Pete MacInnis, eLEND Solutions CEO and founder, is doing plenty of homework before his appearance at Used Car Week, which begins on Nov. 16 in San Diego. MacInnis is generating real-world data for his presentation titled, “Can Machine Learning Fix the Payment Accuracy Gap?” And part of process is a survey that also gives the […] [Read More]

Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence and payments surfaced on Thursday when PayNearMe launched its AI Servicing and Collections Agent, a […] [Read More]

MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves more than 1,500 client firms across more than 125 countries. MCO reported a 22% revenue […] [Read More]

If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform serving the insurance and automotive industries, said on Monday that it gained an additional strategic […] [Read More]

Your family group chat might now be filled with images created with artificial-intelligence tools that highlight what your aunt would look like with a different hairstyle or your uncle’s appearance if he dropped 50 pounds. Car shoppers are also using AI to put themselves into a real-world position of taking vehicle delivery via a deal […] [Read More]

A California startup is pairing patent law experts with an in-house artificial intelligence and engineering team to expedite the process while also reducing costs significantly. Fearn is looking to accelerate patent prosecution, which is the legal and administrative process of drafting, filing, and negotiating a patent application. Fearn said it can prosecute patents across software, […] [Read More]

Informed continued to modify its executive team this week by naming its senior vice president of AI. Joining the company with an artificial intelligence-powered platform that can help lenders verify applications, detect fraud, and accelerate loan funding across auto, consumer lending and more is Michael Misiewicz. “Michael’s background is a perfect match for where Informed […] [Read More]

You can go home again, at least at Odessa when it means becoming the company leader. The asset and auto finance software company on Monday announced the appointment of Mathew Abraham as chief executive officer to succeed Joe Juliano in a move effective immediately. Abraham previously served as chief operating officer at Odessa from 2019 […] [Read More]