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Auto lenders are among consumer finance companies under pressure to modernize aging technology platforms as legacy systems limit innovation, compliance management and AI integration. About 74% of the 250 lending professionals described their lending environment as primarily legacy-based, while only 10.6% operate fully within cloud-based platforms, according to the Platform Migration and Modernization Survey released […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
