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 ...
Tag: Auto Finance News
Lenders need to stop ‘checking boxes’ for DEI to flourish
Diversity, equity and inclusion (DEI) efforts at financial institutions need to go beyond a checkmark on a list of to-dos ...
4 strategies banks can implement to launch digital transformation
SAN FRANCISCO — Digital transformation is trending in the lending community, but while many banks initiate the process “very few ...
Lenders use alternative data to expand auto books
Auto lenders in the first quarter leveraged TransUnion’s alternative data and underwriting models to expand their lending pools as the ...
Capital One continues to grow card business, auto book
Capital One's focus on digital tools and dealer relationships contributed to increased auto originations in the first quarter as the ...
U.S. Bank pilot enables real-time payments for online auto dealer Driveway
Driveway.com will be the first online auto dealer to offer real-time payments (RTP) to sellers, the result of a new ...
Lenders talk tech: Managing data in a new era of auto finance
As the automotive industry continues to shift toward digitization, lenders have more data at their fingertips than ever, and managing ...
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 ...
P2P marketplace Tred to accept cryptocurrency as payment
Peer-to-peer online marketplace Tred is accepting cryptocurrency as payment for vehicles to combat fraudulent transactions and penetrate the younger consumer ...
Credit unions eye automation, AI for digital auto refi
Credit unions are exploring the use of automation and artificial intelligence (AI) to streamline the refinancing process as more consumers ...
