Dealers now can use buy now, pay later paths like their consumer customers. Last week, Parafin, an embedded finance company for platforms, announced a partnership with Tekion, an artificial intelligence-native platform serving the entire automotive retail ecosystem. Together, they launched Pay Over Time, a business-to-business (B2B) buy now, pay later solution for dealership business customers. […] [Read More]

Along with recently landing what’s considered to be the second largest credit union in the United States as a client, AKUVO on Friday announced the promotions of Melissa Bachman to chief product officer and Mike Ruggiero to chief strategy and innovation officer, expanding the company’s executive team and reinforcing its commitment to innovation, customer success, […] [Read More]

The Presidio Group served as exclusive financial advisor on the Series B financing of Carputty to accelerate expansion of its embedded finance platform across the automotive industry. This latest round of financing brings the total capital invested in Carputty — a fintech company modernizing vehicle financing and ownership — to more than $40 million. The […] [Read More]

Jericho Information Technology and Fuse recently formed a new partnership with the goal of rolling out joint initiatives in the coming months. Jericho operates in the indirect auto lending business, importing data from many legacy systems into a single platform to provide daily management of analytics, CRM, risk, compliance, and dealer administration. Jericho also offers […] [Read More]

In a move described as one that will “help shape the future of payments,” PayNearMe announced on Wednesday that it has acquired the technology assets and hired the key employees of Marr Labs, an artificial intelligence company that develops agentic solutions to automate voice, messaging and workflows in complex, regulated environments. PayNearMe highlighted the addition […] [Read More]

On Thursday, Spyne announced an integration with CDK to publish on the Fortellis Marketplace, which means dealers, developers, and OEMs now have the ability to quickly create new solutions designed to streamline dealer operations. The Fortellis Marketplace is an online automotive commerce exchange that enables an exchange of information and data in an open, secure […] [Read More]

Last week, Cox Automotive rolled a path to gain more dealer feedback for vAuto. This week, the company used dealer feedback to roll out upgrades for VinSolutions. And according to a Cox Automotive news release, dealers already appreciate the improvements, which include: —Predictive Insights with GenAI: Turns Cox Automotive’s real-time behavioral, transactional, and dealership first-party […] [Read More]

Solifi CEO Dan Corazzi said, “Automotive finance is one of the clearest examples of why connected technology matters.” Corazzi made that assertion on Tuesday when Solifi announced that it has acquired Inovatec Systems Corp., a cloud-based lending technology provider serving banks, captive finance organizations, credit unions, and specialty lenders across North America. According to a […] [Read More]

Informed has a new chief executive officer with plans on expanding beyond auto lending into adjacent verticals. On Monday, the artificial intelligence-powered platform that helps lenders verify applications, detect fraud, and accelerate loan funding across auto and consumer lending appointed Daniel Sogorka to the leadership position. Informed highlighted the transition reflects its next phase of […] [Read More]

The Federal Trade Commission issued a consumer alert on Tuesday related to fraudulent online dealership listings, which Point Predictive chief fraud strategist Frank McKenna described in vivid detail more than a year ago. The FTC described a similar strategy that McKenna mentioned, with officials saying in their alert, “Scammers set up bogus car dealership websites […] [Read More]