How Blockchain Can Help Combat Auto Lending Fraud

The auto finance industry has long suffered when it comes to truly understanding the assets that are leased and financed on a daily basis around the U.S. This lack of insight is perhaps most apparent when it comes to titles and the remarketing of vehicles. Two significant problems stand in the way of reducing risk […]
  • Sagent Lending Technologies
  • August 31, 2017
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3 Most Common Types of Fraud and Ways to Prevent It

As consumer fraud continues to rise year over year, lenders are seeking ways to detect and prevent fraudsters before the situation escalates, Frank McKenna, chief fraud strategist for PointPredictive, told Powersports Finance. Historically high lending volumes are fueling an estimated $6 billion in annual fraud losses to lenders, due to fraudsters having access to more information […]
  • Natalie Mattila
  • August 29, 2017
  • 0

Selling Millennials on the Dealership Experience

Think back to the most important retail moments of the last 50 years. What would be on your list? Surely automotive veterans would add the Great Recession of 2007, along with the introduction of imports, SUVs, and Crossovers. The emergence of the internet would also make everyone’s top 10, as would most of the major […]
  • Jason Barrie
  • August 10, 2017
  • 0

Capital One to Roll Out New Online Experience [VIDEO]

Capital One Financial Corp. upgraded its web design to offer a more “user-friendly” online experience for borrowers, according to the bank’s YouTube channel. The updated design offers consumers easier access to account services, including auto loan payment history. Consumers can adjust their settings more easily, including language preferences, notifications, and payment methods. The video was […]
  • Natalie Mattila
  • August 4, 2017
  • 0

Car Buyers Boost Reliance on Online Research

About 67% of car buyers visited only one to two dealerships before purchasing a vehicle, revealing that auto shoppers are relying more on online research and digital tools to make buying decisions, according to the latest Netsertive survey. The 2017 Netsertive Automotive Path to Purchase Survey, which was released yesterday, was conducted in July and […]
  • Huixin Deng
  • August 1, 2017
  • 0

Demand for Auto Loans Weaken, Fed Finds

Banks reported that demand for auto loans weakened in the second quarter, while demand for other consumer loans remained “basically unchanged,” according to the Federal Reserve. The findings come from 76 domestic banks and 22 U.S. branches and agencies of foreign banks surveyed by Senior Loan Officer Opinion Survey on Bank Lending Practices, whose results were released […]
  • Emma Sandler
  • August 1, 2017
  • 0

Ford Credit Offers ‘Auto Finance 101’ Consumer Advice [VIDEO]

Ford Motor Co. and its lending arm Ford Motor Credit Co. unveiled several new videos this month in its “Auto Finance 101” series on its YouTube channel, showing customers everything they need to know before purchasing a car. The video clips are all one minute or less and provide tips, advice and need-to-know facts about […]
  • Natalie Mattila
  • July 28, 2017
  • 0

How Insurance Companies Should Prepare for Autonomous Cars

With the rapid advancement of autonomous vehicles, traditional personal auto insurance has the potential to be severely disrupted by new competition and shifts to other types of insurance coverage. The move to new business models will not be smooth, according to a June report from KPMG entitled, “The chaotic middle: The autonomous vehicle and disruption in […]
  • Emma Sandler
  • July 25, 2017
  • 0

5 Tips to Lower Mobile App Bounce Rates

As more millennials enter the car-buying market, it becomes an integral part of any lender’s business plan to enhance mobility efforts to meet consumer technology demand. Mobile apps have penetrated virtually every industry there is, from food delivery services to online dating. Financial services, and auto finance in particular, are not an exception. The challenge: […]
  • Huixin Deng
  • July 13, 2017
  • 0
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