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[ad_1] Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses for underwriting. Subprime auto lenders...
[ad_1] AI-based financier Pagaya Technologies plans to expand its new relationship with subprime auto lender OneMain Financial to an enterprise agreement as Pagaya eyes continued growth and gears up to...
[ad_1] SameDay Auto Finance is automating more of its origination and servicing processes after switching to a new loan servicing system earlier this month. TheIrving, Texas-based subprime...
[ad_1] Ally Financial is continuing to invest in technology and generative AI to offer improved car sale recommendations and inventory options for dealers. The Detroit-based lender is...
[ad_1] GM Financial is looking to AI to streamline processes and boost customer experience, Chitra Herle, global chief information officer, said at Auto Finance Summit East...
[ad_1] Subprime lender Arivo Acceptance Chief Executive Landon Starr will continue to embrace technology while making structural adjustments to the company’s operations in his new role. Starr aims to create...
[ad_1] Credit Acceptance Corp. went live Dec. 19 with real-time payments for its dealer base through a partnership with Citizens Financial Group. Dealers can receive payments six times...
[ad_1] BECU has rolled out same-day payments for its dealer partners as the credit union looks to increase funding speed as dealer cash flow remains squeezed amid...
[ad_1] LAS VEGAS — BECU automates more than half of its underwriting operations as it balances AI with manual processes. The Tukwila, Wash.-based credit union’s automation rates hover...
[ad_1] LAS VEGAS — Online car-leasing platform Rodo is looking to Google’s Bard for an AI-powered vehicle product. Rather than focusing on maintenance-driven technology, Rodo is...
[ad_1] The Consumer Financial Protection Bureau has doubled down on adverse action requirements for lenders using AI-based underwriting with new guidance, marking a shift in tone from its...
[ad_1] Huntington Auto Finance is leaning on digital channels to speed funding and improve consumer experiences. More than half of Huntington auto loan originations are completed through...
[ad_1] NEW YORK — Wells Fargo Auto is looking to the bank’s enterprise-level AI for potential applications. “For the auto business, we have the benefit of...
[ad_1] TD Auto Finance plans to launch an integrated digital experience in the third quarter that allows customers to manage their auto loan using the bank’s mobile...
[ad_1] Artificial intelligence-based lending platform Upstart is adding new digital financing and online sales applications to its auto retail platform to improve loan approval rates and expand credit...
[ad_1] Technological innovation has taken the auto industry by storm since the start of the COVID-19 pandemic by automating lending operations and addressing consumer pain points...