The Benefits of Artificial Intelligence in Auto Lending

We are inundated with discussion about how new technologies promise to change the way that we do business and live our lives. Yes, many of these proclamations offer rhetorical flourish and grand visions. That said, there are new technologies available and startups that are maximizing these technologies to transform the auto industry — even today. […]

Honcker Adds Auto Insurance Options to Growing List of App Services

Startup Honcker has added 10 insurers to its leasing app to create a holistic mobile car-buying process, Chief Executive Nathan Hecht told AFN. “We’re trying to make the entire process — not just the transaction of the lease itself — simple, without [consumers] having to walk into a dealership,” Hecht said. “Now we’re looking at […]

KAR Auction Bolsters Tech Offerings With Acquisition of Clearplan

KAR Auction Services is tapping into technology to better its operations with its acquisition this week of Clearplan. Clearplan, a Reno, Nev.-based company that offers a digital hub for repossession workflow management, logistics, and reporting. The digital platform connects thousands of recovery agents and lenders while enabling real-time communication to more efficiently list, log, and […]

BBVA, NMAC, TD Bank, Wells Fargo See Tech as Top Priority for 2019

LAS VEGAS — Digital transformation and changing consumer communication trends will be top priorities for four of the nation’s largest lenders in 2019, according to an exclusive Auto Finance News survey of the resource-allocation plans among the companies’ senior executives. Results from the survey of BBVA Compass, Nissan Motor Acceptance Corp., TD Bank, and Wells […]

Payment Startup Adds Credit Card, Mobile Wallet Options

PayNearMe, a Sunnyvale, Calif.-based vendor that services cash payments for auto loans, is expanding to include debit, credit and ACH payments, as well as mobile wallet integration and payment reminders, parent company Handle Financial announced earlier this month. Historically, PayNearMe provided borrowers a barcode that could be used to make their loan payments at 27,000 […]

New Research Reveals Consumers Prefer Traditional Payment Options

It’s an exciting time for innovation in the payments industry, with new artificial intelligence (AI) and mobile technologies and tools emerging every day to make the bill pay process faster, easier and more convenient for consumers. However, according to Speedpay® Pulse, a consumer billing and payments trends survey of 3,000 U.S. adults responsible for two […]