New startup companies emerged in the auto finance industry over the past year, while existing banks prioritized speed of funding and decisioning by beefing up their online origination platforms.
Lenders of all shapes and sizes also continued to chase the millennial market throughout 2015 — a trend that should only increase in 2016 as the tech-savvy generation continues to enter the workforce.
Even Uber, the industry’s biggest “disrupter” dipped its toe into auto finance this year, with the introduction of leasing for UberX drivers.
Join us as we continue to count down to the New Year, revisiting the top 10 tech stories to be featured on Auto Finance News this year:
- Sierra Launches DriverUp in Pitch to Reinvent Auto Finance
- The F&I Office is Going Extinct, Fiat Chrysler Exec Predicts
- Majority of Uber Drivers Work Only to Pay Auto Loans, Exec Says
- Uber Launches Leasing for UberX Drivers
- Nationwide Enters Direct Lending with New Online Tool
- Exeter Launches New, Faster Origination Platform
- Startup Aims to Make Subprime Payments More Engaging
- Dealertrack to Join Manheim, KBB and Autotrader at Cox in $4B Deal
- Gateway One Updates Loan-Processing System
- Chase Auto: Dealers Are ‘Feeling Our Speed,’ After a 2-Year Face-lift