Lenders Scout ‘Dealer-Centric’ Fintech Partners

Lenders will continue to seek fintech partners to increase production and facilitate new product opportunities in 2018, several executives told Auto Finance News, however, banks and credit unions in particular are scouting for “dealer-centric” or “hybrid” platforms. “If you look at technology, we are always looking for internal partners that can bring us better, faster, […]
  • Natalie Mattila
  • December 5, 2017

Regions Shrinks Dealer Network in Effort to Reduce Losses

LAS VEGAS — Regions Dealer Financial Services deactivated one third of its dealers over the course of three years in an effort to bolster operational efficiency, Tom Lazenby, the bank’s senior vice president and head of dealer financial services and direct auto lending, said at the 2017 Auto Finance Summit. “We spent a lot of […]
  • Natalie Mattila
  • November 22, 2017