Tricolor Auto Acceptance | Auto Finance News

Tag Archives: Tricolor Auto Acceptance

Tricolor Uses Innovation, Technology to Drive Customer Experience

At Tricolor Auto Acceptance, technology drives the goal of delivering seamless, sustainable financial products across dealerships and digital channels, President and Chief Operating Officer Don Goin told Auto Finance Excellence. “Our business strategy is hyper-focused on the customer experience relative to financial inclusion,” Goin said. “Part of this strategy is the prioritization of product development […]

Joey Pizzolato
May 17, 2019
Auto Finance Accelerate 2019, Auto Finance Excellence, Features, Operations, Technology

Tricolor’s Machine Learning Tech Is Reducing Its Reconditioning Costs

SAN DIEGO — The machine-learning technology deployed by Tricolor Auto Acceptance has cut its vehicle reconditioning costs, Chief Executive Daniel Chu said during the Auto Finance Innovation Summit here on Wednesday. Tricolor provides the reconditioning centers that service its chain of retail dealerships with technology that determines the most cost-effective source of car parts. The […]

Nicole Casperson
May 16, 2019
Auto Finance Accelerate 2019, Strategy, Technology

Executives to Discuss IT Challenges at Auto Finance Innovation Summit

Three distinguished executives from U.S. Bank, CarFinance.com, and Tricolor Auto Group are set to discuss the challenges of information technology at the 4th annual Auto Finance Innovation Summit during a session entitled “Solving Your Biggest Information Technology Challenges.” The discussion will take place on Tuesday, May 14, at 9:45 a.m. PT at the Omni San […]

Nicole Casperson
March 13, 2019
Innovation & Mobility, Strategy, Technology

Tricolor Auto Preps First Rated Securitization

Buy-here, pay-here lender Tricolor Auto Acceptance LLC is preparing to issue its first rated securitization, a $101.7 million transaction slated to close Nov. 21, according to a Kroll Bond Rating Agency presale report released this week. The securitization is backed by loans with a weighted average Fico score of 583 and a weighted loan-to-value ratio […]

Monica Melton
November 8, 2018
Capital Markets, Operations

Buy-Here, Pay-Here Group Settles FTC ‘Furnisher’ Charges

The finance arm for a chain of buy-here, pay-here dealerships agreed to pay more than $82,000 to settle Federal Trade Commission charges that the lender violated the rules for furnishing accurate consumer data to credit reporting agencies. “An inaccurate credit report can have a huge impact on consumers,” said Jessica Rich, director of the FTC’s Bureau of Consumer Protection, in […]

Jim Henry
September 21, 2015
Archives, Compliance, Credit Performance, Operations

Tricolor Auto Expands HQ

Irving, Texas-based Tricolor Auto Group has bumped up the headquarters space it leases to 24,913 square feet from 16,763 square feet, according to a report on GlobeSt.com. The property is owned by Landlord Rosemont Realty LLC of Santa Fe, N.M. TriColor Auto (www.tricolorauto.com) has rented the location since April 2010. One of the fastest growing […]

Auto Finance News
January 15, 2014
Archives, Operations

Tech Partnerships Help Drive Digital Transformation in Auto Finance

Aclaro, a company that develops tools for companies in the automotive industry, recently announced game-changing news that validates its mission of helping small, scrappy dealerships compete with larger competitors. As part of its efforts to deliver five-star service for its clients, Aclaro joined the Microsoft Partner Network, allowing the company to continue building its business […]

How Lenders Should Leverage the Power and Promise of Artificial Intelligence

Technology does not wait for rules or regulations. Artificial intelligence (AI) is no exception. The potential profit associated with fintech speeds up innovation, but it also increases the risk of implementing machine intelligence without assessing potential hazards. Simply put, we do not understand how some machines solve problems with deep learning algorithms. This risk can […]

How to Leverage Current Machine Learning and AI Tools in Auto Lending

Auto dealers have heard the hype about how machine learning (ML) and artificial intelligence (AI) are going to transform their businesses. Typically, there are usually two binary outcomes that are discussed. On one hand, the promise of the future seems so bright. Instead of relying on intuition and gut feeling, many divisions of their businesses […]

The Value of User Experience When Managing Risk

Much has been written about the rise of machine learning and artificial intelligence and how it will impact the auto lending industry. While there has been a significant amount of hype, the promise of artificial intelligence is simply game changing. The most obvious application is that thinking machines will be able to assess risk and […]

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. […]

How Lenders’ Response Time Influences Dealer Relationships

Automotive OEMs rate vehicle performance by the time it takes to go from zero to 60 in seconds. This is a measure of energy conversion – fuel, spark, movement. While this is a mechanical situation, a comparison can be made to business response times. While fuel is a potential auto loan customer, the spark is […]

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Tag Archives: Tricolor Auto Acceptance

Tricolor Uses Innovation, Technology to Drive Customer Experience

Tricolor’s Machine Learning Tech Is Reducing Its Reconditioning Costs

Executives to Discuss IT Challenges at Auto Finance Innovation Summit

Tricolor Auto Preps First Rated Securitization

Buy-Here, Pay-Here Group Settles FTC ‘Furnisher’ Charges

Tricolor Auto Expands HQ

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