Innovation & Mobility | Auto Finance News - Part 3

Australian Startup Eyes Foray Into U.S. Market

SAN DIEGO — CarDeals2Me, an Australian startup that provides car buyers with a price quote that expires within 24 hours, is looking to enter the American market — once it secures a lender partner. “We’re grazing around to hit the U.S. market,” said Chief Executive Shaun Sumaru during the Auto Finance Innovation Summit here today. […]

Volvo Financial President Pegs AI, Vehicle Connectivity as Tech Winners

GREENSBORO, N.C. — Volvo Financial Services is betting on artificial intelligence and autonomous vehicles as customers increasingly opt out of vehicle ownership, President Scott Rafkin told Auto Finance News at a Demo Day that closed out the captive's 10-week iLabX accelerator program. "I could see absolute applicability for the artificial intelligence technologies that we took […]

Toyota Financial Boosts Ride-Sharing Investments With Startup Faxi

Toyota Financial Services is encouraging carpooling with its latest investment. The captive bought a majority stake this week in London-based ride-sharing startup Faxi to engage in new mobility solutions and “introduce technology that will help reduce single-occupancy vehicles and the congestion and emissions that they cause,” Doug Gillies, managing director of Toyota Financial Services in […]

Enterprise Pilots Subscription Service, Holds Off on National Rollout

Enterprise Holdings' new subscription service is being piloted in three states — for an undetermined length of time, spokeswoman Laura Bryant told Auto Finance News.  The company expects the program, called “Subscribe with Enterprise,” to be "fully vetted" before it eventually launches throughout the U.S., she said. The pilot program has been launched in Minnesota, […]

Insurance Tech Startup Wins Volvo Financial’s Demo Day

GREENSBORO, N.C. – Rein, a technology platform that creates digital insurance products, was voted the audience's favorite startup during Volvo Financial Services’ inaugural iLabX accelerator program Demo Day hosted at the captive’s headquarters on May 2.  “Rein is integrated insurance at scale,” Gagan Dhillon, vice president of partners and strategy at Rein, said during the […]

First Investors Integrates Defi LOS, Reporting Tool

First Investors Financial Services has implemented Defi Solutions' loan-origination system and reporting tools. Rollout of the two cloud-based products took four months, according to a press release. First Investors will use Defi LOS, as the system is called, to support its underwriting processes, including scorecard development, auto decisioning, and deal structuring. It will use Defi Analytics […]

CarLabs’ CEO Joins Auto Finance Innovation Summit for a Fireside Chat

Martin Schmitt, chief executive and co-founder of CarLabs Inc., will join Auto Finance News for a fireside chat at the Auto Finance Innovation Summit on Wednesday, May 15, at 9 a.m. to share insights and perspectives on artificial intelligence and other key innovation trends happening in the auto finance industry. The fourth annual Auto Finance […]
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