Mountain America CU Eyes Fintech Partners in 2019

Mountain America Credit Union is scouting fintech partners to provide self-service options, plus mobile and online capabilities to its auto finance customers. “We’re looking at partnership models with fintechs, that’s our biggest focus over the next six to 18 months,” said Jade Beckman, vice president of consumer lending at the West Jordan, Utah-based credit union, […]

Fintech Credit Karma Enhances Auto Insurance Tool in Texas, California

Credit Karma estimates that consumers overspend $21 billion a year on auto insurance. In light of this, the fintech is providing a simplified service for consumers to find cheaper auto insurance policies. The company announced this week that it is expanding its auto insurance tool to generate insurance suggestions to consumers by analyzing government information […]

Survey Shows Lack of Interest in Refinancing

Although a number of direct lenders and fintech loan aggregators have focused on offering refinance products in the past year, the majority of consumers may be uninterested, according to a poll conducted by Auto Finance News. Using Survey Monkey, 100 consumers with current auto loan payments were asked about marketing materials they have seen about […]
  • William Hoffman
  • September 12, 2018
  • Strategy

New Toyota Financial CIO Prepares for Future of Mobility Services

Toyota Financial Services’ newly appointed Group Vice President and Chief Information Officer Vipin Gupta seeks to usher in a future of mobility services to the captive, he told Auto Finance News. He said TFS will drive innovation by focusing on three strategic objectives: agility, digital experiences, and using data and analytics to deliver new services. […]

Auto Innovation Stands to Benefit from CFPB’s Newly Launched Regulatory Sandbox

The Consumer Financial Protection Bureau is trying to “nudge” auto finance innovation, too. The regulator earlier this week unveiled a new “regulatory sandbox,” known as the Global Financial Innovation Network (GFIN), that is intended to help fintech startups develop new products and services for the financial services — and the initiative has import to auto finance. CFPB hired […]