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Volvo Financial Services Tees Up AI, Blockchain at Innovation Lab

Volvo Financial Services is leveraging the start of its iLabX accelerator program to determine “technology disruptors” ripe for investment, Vice President of Global Strategy and Head of Innovation Allen Atchley told Auto Finance News. To start, investments in artificial intelligence and blockchain “are the most interesting to us, especially in the lab context,” he said. […]

Volvo Financial Taps 7 Startups With iLabX Program

Volvo Financial Services is hosting seven startups for its iLabX program, which gives the companies an opportunity to develop ideas and utilize the captive’s resources over 10 weeks at VFS U.S. headquarters in Greensboro, N.C. The seven companies, announced today, were selected from 183 applicants and will have an opportunity to partner with the captive following […]

BMW Financial Taps 6 Startups For ‘Collaboration Lab’

BMW Financial Services is hosting six startups for its “Collaboration Lab,” which will allow the fledgling companies to develop their ideas and utilize the captive’s resources over a 10-week period at BMW’s offices outside Columbus, Ohio. The six companies were selected from 212 applicants and will have an opportunity to partner with the captive following […]

Loan Aggregator to Shift Business Model to Reduce Dealer Flips

Online financial services aggregator SuperMoney will shift the approach of its auto loan portal by yearend to integrate dealers earlier in the process and offer consumers access to real-time inventory, Founder and Chief Executive Miron Lulic told Auto Finance News. “It’s definitely challenging on the purchase side to get anything funded, because dealers are flipping […]

Fintech Startup Pursues Captive Partners for Loan Engine

Fintech startup SuperMoney is scouting captive partners, after launching its auto loan vertical this week with 20 direct lenders and credit unions on the platform, founder Miron Lulic told Auto Finance News. Currently, SuperMoney offers secured, unsecured, refinance, and private-party auto loans, but eventually it could expand to offer a suite of products including leases. […]

SuperMoney’s Direct Auto Aggregator Spotlights Full Cost of Interest Rates

The loan offer engine SuperMoney is launching a direct vehicle finance vertical today with roughly 20 participating auto lenders, the website’s founder Miron Lulic told Auto Finance News. SuperMoney’s platform launched with personal loans in April which could include unsecured auto purchases, but the new vertical allows for secured, unsecured, refinance, and private-party auto loans […]