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Listen: Weekly Wrap discussion on data management amid digital shift – Auto Finance News

Auto lenders are rethinking how they manage the influx of data coming down the pike as the industry increasingly shifts to digital channels. Flagship Credit Acceptance and GM Financial, for example, are using technological advancements to collect and organize data in order to maintain transparency with regulators and consumers on their platforms. Lenders are also …

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Poll finds finance executives planning major tech investments but concerned they lack staff to support it – Accounting Today

Financial executives are planning for major technology investments at their companies this year, but are concerned they won’t have enough people with the skills needed to properly capitalize on their efforts, according to a recent poll by business management software developer Prophix. The survey, with a sample of over 200 CFOs and other finance leaders, …

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Prime rates edge up on heels of Fed benchmark hike – Auto Finance News

Prime rates at the nation’s largest banks with auto lending arms increased today following the Federal Reserve’s announcement Wednesday that the central bank would increase its benchmark interest rate 25 basis points (bps) to a target range of 0.25% to 0.50%. Bank of America, Fifth Third, JPMorgan Chase, PNC Financial, Truist Bank and Wells Fargo …

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