Chase, Wells Fargo focus on automating auto lending, from couch to funding
SAN DIEGO — Wells Fargo plans to automate auto loan decisioning through to funding, while Chase Auto will focus on ...
Tag: auto finance
Farm Bureau Bank to boost tech spend on loan origination modernization
SAN DIEGO — The $800 million Farm Bureau Bank is boosting its current technology expenditure by as much as 15% ...
Open Lending logs 138% YoY jump in certified loans, increased refi penetration
Automation fintech Open Lending posted year-over-year increases in its certified loans despite industry headwinds as refinance volume grew and more ...
Upstart reports 348% growth in Q3 loan originations
Artificial intelligence (AI)-based lending platform Upstart reported triple-digit growth and profits during Tuesday’s third-quarter earnings call, with auto loans growing ...
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 ...
Open Lending revenue jumps as new lenders join platform
Automation fintech Open Lending logged a jump in revenue and certified loans as auto lenders increasingly signed on to its ...
Upstart rakes in $194 million in quarterly revenue
AI-powered online lending platform Upstart earned $194 million in quarterly revenue denoting a growth of 60% on a quarterly basis, ...
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 ...
Beneficial State Bank to revise auto loan collection practices as defaults mount
Beneficial State Bank, founded by 2020 presidential candidate Tom Steyer, is updating its collections policies on the heels of 1,800 ...
Five questions with BofA’s Duane Freeman
At Bank of America’s auto division, preserving a personal touch is key to engaging with consumers, according to Duane Freeman, ...
