Innovation & Technology | Auto Finance News - Part 4

Daimler Trucks starts AV testing on US highways

Daimler Trucks, in partnership with autonomous vehicle and robotics fintech Torc Robotics will be developing and testing autonomous trucks with SAE level 4 technology on public roads following months of testing and safety validation on a closed loop track, the company announced. At level 4 autonomy, the system, called “Asimov,” performs the entire driving task, […]

Exeter taps tech provider to improve operational performance

Exeter Finance will leverage a new partnership with software provider Nextworld to spur development of web-based digital applications, according to a company press release. Irving, Texas-based Exeter last week signed a five-year contract with NuVerge – a software and tech firm – to use Nextworld’s technology. NuVerge is Nextworld’s formal reseller. The nonprime financier will […]

Aclaró releases EcoSystem 3.0, adds new board member

Aclaró, which provides disruptive technologies to the automotive, financial and government sectors, has released Aclaró EcoSystem 3.0 (ES 3.0), a game-changing toolset for vehicle purchasers, lenders and dealers, and added a new member to its board. With these announcements, the artificial intelligence software company continues the rapid advancement toward its overarching mission of helping lenders, […]

Honcker rebrands to Rodo, unveils proprietary tech

Car-leasing platform Honcker has rebranded to Rodo, the company announced via LinkedIn on Thursday. The rebrand comes in tandem with the rollout of new proprietary rebates, incentives and desking technology, Chief Executive Nathan Hecht told Auto Finance News. Prior to the rebrand, the company was licensing part of its software stack through third parties, Hecht said, […]

Volkswagen Bank taps OneSpan for encryption to fight hackers

Volkswagen Bank, the financial services arm of the German automaker, is turning to QR code-like technology to fight threats posed by hackers. The bank, which focuses on vehicle and dealer financing, implemented the new technology with the help of OneSpan (formerly Vasco), a security and e-signature solutions company based in Chicago. The OneSpan solution is called Cronto, […]

Beneath the surface: The lurking cybersecurity threat

Nine seconds. That’s all the time it took to hack the Department of Defense’s weapons system. Whether a government entity, a captive financier, a midsized bank, or a small credit union — every company has become dependent on a vast and expanding digital infrastructure. That infrastructure, in turn, has made businesses vulnerable to cybercriminals and […]
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