Bank of America’s digital transaction volumes hit 75%
LAS VEGAS — Bank of America’s volume of direct transactions completed through digital channels has reached 75%, Tim Owens, consumer...
ThunderRoad Financial leverages cloud-based tech to speed dealer funding
Powersports lender ThunderRoad Financial’s chief executive, Don Hummer, says the lender is on track to “double” its origination volume by...
US Bank launches Spanish voice assistant for auto loan servicing, banking
U.S. Bank’s Spanish-speaking customers can now service their auto loans by speaking into the bank’s mobile app. The Minneapolis-based bank...
Decisioning data crucial for Chase risk management strategies
SAN DIEGO — Data and analytics go hand in hand with risk management in today’s digitally-driven auto finance market, making...
GM Financial launches phone option for virtual assistant Nanci
SAN DIEGO – GM Financial has added phone to the capabilities of its virtual assistant, Nanci, said Michael Beste, senior...
Inovatec launches improved, AI-based LMS
SAN DIEGO – Inovatec has revamped its loan management system (LMS) to help lenders automate more of the loan servicing...
AI-driven auto originations hit $4.1B through Upstart in 4Q
Artificial intelligence (AI)-based lending platform Upstart expects to facilitate $1.5 billion in auto loans on its platform in 2022 on...
Lender Compliance Technologies brings automation to auto lenders’ regulatory practices
Automation is quickly becoming the new norm in auto finance, prompting auto lenders to partner with fintechs to simplify their...
Lendbuzz secures $360M in equity, debt funding
Lendbuzz, an auto lender focused on foreign-born borrowers with thin credit, announced this week it has secured an additional $360...
Wells Fargo looks to increase vehicle loan automation
Wells Fargo Auto is hoping to increase automation within its loan approval process by investing in the company’s origination system...
