Technology
Improving lending profitability and fairness with AI
Lenders spend countless hours manually verifying loan applicants’ information — specifically, income, residence, employment and proof of insurance. In addition...
Equipment companies turn to bundling, SaaS solutions
Equipment companies are bundling products and services including maintenance and warranties to create turnkey solutions for customers. A growing trend...
Consumer Portfolio Services updates automated decisioning tool
Consumer Portfolio Services is gearing up to launch the latest iteration of its automated origination “scorecard.” CPS in the first...
Driveway integrates Shaw Systems’ servicing software
Driveway Finance Corporation, Lithia Motors’ finance arm, has selected Shaw Systems’ loan servicing software as it looks to ramp up...
Limited systems integration stunts captives’ innovation
Captive finance organizations are critical to the success of the equipment financing industry, but limited systems integration with parent organizations...
PNC pledges $30B to support EVs, renewable energy
PNC Financial Services Group has increased its environmental financing commitment to $30 billion as part of its ongoing support of...
US Bank validates innovation efforts at CES
U.S. Bank executives attend the Consumer Electronics Show to discover new technology that could have applications within the financial services industry and tech the...
US Bank eyes embedded car payments
U.S. Bank is eyeing embedded payments in vehicles as more technology providers blur the lines between products, services and industries....
