Post Tagged with: "innovation"

Digital Tools Help Lenders Book Loans Lost in Paper Deals

Digital Tools Help Lenders Book Loans Lost in Paper Deals

The key to closing the gap and establishing trust between dealers and lenders is technology, said Theodore Papailion, director of value engineering at eOriginal, during a webinar called “How to Enhance Vehicle Finance Processes and Operations” hosted by eOriginal. The paper process during a transaction is a challenge lenders faceRead More

Driverless Cars Put Insurers on a Complex New Road

Driverless Cars Put Insurers on a Complex New Road

In August, Ford Motor Co. announced plans to produce fully autonomous cars by 2021. These vehicles will be manufactured in high-volume production and will be tailored for ride-hailing and ride-sharing operations, which means they will not have steering wheels, brake pedals, or other controls for human occupants. “This is aRead More

Lenders Seek Balance When Investing in Innovation

Lenders Seek Balance When Investing in Innovation

It’s no secret that being first to market when investing in innovation can offer a competitive edge, but lenders must be prepared for the complications that come with investing in unproven technology. However, those that don’t lead the charge, risk being too late to the punch — so where isRead More

Innovation & Company Culture – More Than Just Talk

Innovation & Company Culture – More Than Just Talk

There is a lot of buzz around the word innovation, and why it is important to a business and its company culture. I recently came across an article written by Andre Durand titled, “4 Tips to Foster a Company Culture of Innovation,” and whereas I agree with all of his insightfulRead More

Innovation Calls for ‘Thinkers, Not Followers,’ Exeter CEO Says

Innovation Calls for ‘Thinkers, Not Followers,’ Exeter CEO Says

IRVING, Texas — It’s important to understand that innovation is not simply about bringing in “fresh faces,” Jason Grubb, chief executive of Exeter Finance Corp., said in an interview earlier this month. Without being immersed in the long-term undercurrents of the industry, any “new voice” is more likely to repeat old mistakes,Read More

4 Spot-On Resolutions for Auto Finance Execs in 2016

4 Spot-On Resolutions for Auto Finance Execs in 2016

Did you make New Year’s resolutions yet? Here’s our input, AFN’s list of four spot-on resolutions that auto finance executives should take note of in 2016.   1. Keep Up with Interest Rates The Federal Reserve’s 0.25% rate hike in December will not immediately affect the auto finance industry, analysts say. ThatRead More

“Think Like a Startup,” Carvana Founder Says

“Think Like a Startup,” Carvana Founder Says

Large auto lenders need to maintain a start-up mindset in order to remain customer-centric, Ernie Garcia, founder and chief executive of online used-car marketplace Carvana, told Auto Finance News. “Oftentimes, there are processes that get cemented in this industry, and oftentimes it’s because they [lenders] have been doing a very good job utilizingRead More