Post Tagged with: "innovation"

Digital Tools Help Lenders Book Loans Lost in Paper Deals

Digital Tools Help Lenders Book Loans Lost in Paper Deals

Compliance, IT, Operations July 5, 2017 at 12:43 pm

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

IT, Operations, Risk September 28, 2016 at 11:44 am

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, Operations, Risk July 27, 2016 at 11:00 am

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

HR, Operations July 11, 2016 at 10:20 am

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

Management, Operations June 15, 2016 at 12:14 pm

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

Best Practices, Management, Operations January 5, 2016 at 3:46 pm

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

Best Practices, Management, Operations November 9, 2015 at 10:53 am

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

10 Executives on Innovation’s Vanguard

10 Executives on Innovation’s Vanguard

Best Practices, Management, Operations, Sales & Marketing September 30, 2015 at 2:21 pm

By Larissa Padden lpadden@royalmedia.com      Diana Asatryan dasatryan@royalmedia.com Innovation matters. The people of innovation matter most. Buzzwords like “enterprise mobility,” “alternative data,” and “increased competition” are so common in the evolving landscape of the auto finance industry, they could lose their meaning. Then there’s the Auto Finance News listRead More

5 Tech Ideas to Spark Growth

5 Tech Ideas to Spark Growth

Best Practices, Guides, IT October 29, 2013 at 12:50 pm

5 tech ideas to spark growth at auto finance companies large and small