Technology
Lendbuzz automates over 50% of originations
The majority of AI-driven auto lender Lendbuzz’s originations are automated, thanks in part to AI tools and an ability to...
Inside SCUSA’s new pre-qual, dealer lead-gen tool
Santander Consumer USA launched a new pre-qualification tool this month to dealership websites through a subscription-based digital retail tool. The...
CarMax to roll out updated AI chatbot tools
CarMax is testing AI chatbot capabilities for retail associates and is rolling out an updated version of its consumer-facing virtual...
AI’s moment in auto lending: Balancing efficiency, oversight, ethical risk
Artificial intelligence is no longer a distant concept in auto lending — it’s here, embedded in workflows from loan origination...
Pagaya streamlines underwriting, counteroffers
AI-based financier Pagaya Technologies is investing in capabilities for faster auto loan funding and counteroffers to increase conversion rates for...
AI debt collectors fare worse than humans
While loan servicers are eyeing AI to make collection calls cheaper and faster, a recent study suggests non-human debt collectors...
Auto Finance News to present webinar on digital tools
Auto Finance News is pleased to offer the free webinar “Digital strategies for exceptional customer experience,” on Tuesday, July 15,...
Inside Arra Finance’s acquisition of Crescent Bank’s $815M auto portfolio
Subprime auto lender Arra Finance has entered into an agreement to acquire New Orleans-based Crescent Bank’s auto business. Under the...
