Innovation & Technology | Auto Finance News - Part 2

CarLabs readies phase 2 of AI-chatbot for Kia Motors Finance

Kia Motors Finance customers will be able to make account-specific queries online as soon as the first quarter of 2020, CarLabs.AI Chief Executive Martin Schmitt told Auto Finance News. The AI-chatbot developer integrated a navigational chatbot onto the captive’s website in April, which directs customers to the right resource and answers questions such as, “When […]

Fair eyes new debt funding

Fair is in discussion with a "major global financial institution" for as much as $500 million of debt funding, Co-Founder Georg Bauer told Auto Finance News. To date, the 3-year-old vehicle subscription company has raised $1.5 billion in funding over nine rounds. "Once this [funding] is closed, we are picking up our work with the […]

Aussie fintech to enter US auto market

On the heels of growing its Canadian presence, Australian startup CarDeals2Me is in the “final stages” of preparations for a U.S. rollout, Chief Executive Shaun Sumaru told Auto Finance News. The 2-year-old company will start testing a new product in the U.S. next quarter that enables consumers to complete the vehicle purchase and finance process […]

Carvana, HCA, Tricolor to explore AI at AFS

Three tech heavyweights from Carvana, Hyundai Capital America and Tricolor Auto Acceptance will take the stage at Auto Finance Summit 2019 to discuss innovative applications for machine learning and artificial intelligence. The session is slated for Tuesday, Oct. 29, at 11:30 a.m. PT and the rest of the agenda can be found here. The 19th […]

Sagent Lending Technologies merges auto operations into Defi Solutions

Sagent Lending Technologies‘ auto business will be renamed Defi Solutions by month’s end, when the two companies complete a merger announced today. Together, the companies provide technology solutions and services for lenders across the lending lifecycle, from originations and servicing to lease maturity management, remarketing and analytics, and digital engagement. Sagent also brings to the […]

DiDi doubles down on autonomous vehicles

DiDi Chuxing is splitting off its autonomous driving unit to a separate, independent company, according to a release issued today. The new company will “integrate the resources and technological advantages of DiDi’s platform, continue to increase investment in [research and development] of core innovative technologies, and deepen collaboration with upstream and downstream auto industry partners” […]
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