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Top 10 Tech Stories That Shook Auto Finance in 2016
Online marketplaces are widely viewed as a new frontier for auto finance, and 2016 saw a slew of new and long-time players entering the direct and indirect digital lending space. JPMorgan Chase...
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Lease Volume Has Hit a ‘Plateau,’ Black Book Says
Guests at NADA’s Convention & Expo walk the exhibit halls near Black Book’s booth. (Photo by William Hoffman) Leasing grew to 30% of total car purchase volume in 2016 and off-lease volume grew by...
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Syncing Paths: Where Traditional and Online Lending Meet
Not many companies offer a direct-to consumer product. You wouldn’t go to Crest store to get your toothpaste, a Yoplait store to get your yogurt, and a separate Kleenex store to get your tissues. No,...
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TFS Taps Tech to Boost Volume of Repeat Lessees
Toyota Financial Services wants to better integrate existing data about current lessees into digital platforms at the dealership level, in order to drive customer loyalty as offlease volume picks up...
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New Partnership Formed to Study Blockchain in Financial Services
LAS VEGAS — The Structured Finance Industry Group (SFIG) and the Chamber of Digital Commerce yesterday announced a joint effort to study the potentials of distributed ledger technology, which will...
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Toyota Mulls Carsharing Models for Autonomous Vehicles
Toyota Research Institute is looking into various opportunities within the mobility landscape, with an eye toward developing a rideshare service or subscription model that will make autonomous cars...
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New Rideshare Eyes Leasing Program for Drivers
Zemcar, a new safety-first rideshare service, is “in discussions” with major automakers to create flexible leasing options for drivers, similar to Uber’s deal with Toyota Financial Services, Zemcar’s...
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P2P Rideshare to Utilize Blockchain for Digital Payments
Blockchain technology is spreading into the auto industry, offering up several use-cases from auto financing to supply chain tracking. And now the distributed ledger technology will be used for...
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Getaround Brings Keyless Carsharing Tech to New Jersey
Getaround opened up its keyless peer-to-peer carsharing platform to Tri-State New Jersey. Now, the “airbnb for cars,” as it calls itself, is already targeting five additional markets to enter this...
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Wireless EV Charging Offers Investment Options for Financiers
There is a massive rush to advance mobility, beyond just traditional rideshare, and the financing beneath the mobility infrastructure has caught the attention of many major automakers and captives....
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Will Getaround Expand Toyota Lease Incentive Program With $45MM Funding?
Getaround plans to open up its peer-to-peer carsharing platform to five additional markets this year, including potentially New York, thanks — in part — to the $45 million it raised in Series C...
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3 Rideshare Startups Seeking Fleet Financing
As more rideshare services launch, the market for strategic partnerships becomes increasingly competitive. And the biggest challenge to success in the carshare, rideshare, or on-demand rental market is...
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3 OEMs Using Blockchain to Disrupt Auto Finance
Everything is ripe for disruption. Auto finance, in particular, is poised to be disrupted with the use of blockchain in the near and not-so-distant future. Blockchain is a public ledger of digital...
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Lenders See Regulatory Stability, CFPB Complaints Show
After years of retooling, investing, and stressing over the regulatory environment following passage of the Dodd Frank Act in 2010, an analysis of the Consumer Financial Protection Bureau’s complaint...
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Auto Balances Top $1 Trillion Again Despite Slowdown, Top 10 Players Poised...
NEW YORK (May 15, 2017) — The auto finance industry had yet another record-breaking year in 2016, once again surpassing $1 trillion in loan and lease outstandings, according to the annual Big Wheels...
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Toyota Financial Uses Gamification to Teach Compliance
Toyota Financial Services is making compliance training “fun” by turning its sessions into a game, Linda Iannone, chief compliance officer for the captive, said during a panel at the Auto Finance Risk...
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Getaround Aims to Develop On-Demand Maintenance Services
SAN DIEGO — Getaround is preparing for an autonomous future by developing technology to enable its platform to provide on-demand maintenance services, Chief Financial Offer Adam Kosmicki said at Auto...
View ArticleTFS To Take Compliance Training Mobile
Toyota Financial Services is looking to add mobile capabilities to its compliance training courses to accommodate employees’ busy schedules, Linda Iannone, the captive’s chief compliance officer, said...
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Lenders Look to Improve Privacy, UDAAP Compliance Training [VIDEO]
Privacy and data security have proven to be some of the most difficult compliance training courses to implement, Robert Tennant, vice president and general counsel at Veros Credit, said during a panel...
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Getaround to Expand TFS Pilot Program, Seeks New Partners
Peer-to-peer carshare platform Getaround looks to extend its pilot program with Toyota Financial Services to additional cities by 2018, Chief Financial Officer Adam Kosmicki told Auto Finance News at...
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