Auto Finance News, a sister publication of Bank Automation News, is pleased to announce that applications are now open for the 2023 Demo Challenge, which will take...
SAN FRANCISCO — Digital transformation is trending in the lending community, but while many banks initiate the process “very few actually succeed,” Starling Bank...
Auto lenders in the first quarter leveraged TransUnion’s alternative data and underwriting models to expand their lending pools as the market continues to navigate...
Artificial intelligence (AI)-based lending platform Upstart expects to facilitate $1.5 billion in auto loans on its platform in 2022 on the heels of accelerated growth in 2021. Upstart’s bank partners originated 495,205 auto and personal loans totaling $4.1 billion on the platform in Q4 2021, a year-over-year increase of 301%, according to the company’s earnings […]
Peer-to-peer online marketplace Tred is accepting cryptocurrency as payment for vehicles to combat fraudulent transactions and penetrate the younger consumer market. “Vehicles are a really good use case for crypto because we deal with so many different types of fraudulent payment types,” Grant Feek, Tred co-founder and chief executive, told Auto Finance News. Accepting cryptocurrency […]
