Getaround Offers Income, Credit Boost

  • Natalie Mattila
  • June 7, 2017
SAN DIEGO — Potential car buyers are looking to Getaround — a peer-to-peer carshare platform — as an “equity-like income stream” that could boost their chances of landing a loan or lease, the startup’s Chief Financial Officer Adam Kosmicki said during a panel at last month’s Auto Finance Innovation 2017. “From an owner’s perspective, when you list […]

Mobility Companies Should Focus on Urban Cities, VC Says [Video]

  • Emma Sandler
  • June 6, 2017
If you were to travel to San Francisco right now, you would notice that about 80% of the vehicles on the road are being operated by rideshare drivers for companies like Uber or Lyft — because of this trend, mobility companies should focus their attentions on urban cities, Schwark Satyavolu, general partner at Trinity Ventures, said […]

Bank of America: Eliminating Third-Party for Online Platform Was ‘Critical’ [VIDEO]

  • Natalie Mattila
  • June 2, 2017
SAN DIEGO — The driving factor behind Bank of America’s decision to build its new online, direct lending platform — rather than buy or partner with a third-party — was to maintain control, Duane Freeman, the bank’s national sales executive of consumer vehicle lending, said at Auto Finance Innovation 2017. “Most other key competitors have […]

Opportunity for Auto Finance Recognition is Now, Fair President Says [VIDEO]

  • Natalie Mattila
  • June 1, 2017
Auto finance does not get enough recognition, especially since those financial institutions are the ones who “truly take care of the customer,” Georg Bauer, co-founder and president of startup Fair, said at the recent Auto Finance Innovation 2017 event. Manufacturers and dealers have their own — and sometimes conflicting — interests in the space, Bauer told attendees. […]

Innovation Requires ‘Sacrifice’ to Leap Forward, Panelists Advise [VIDEO]

  • Natalie Mattila
  • May 30, 2017
Mobility companies need to have a “champion” —  a dedicated person to handle the company’s innovation goals — in an effort to find a balance between technology investments and meeting daily operational demands, said Miranda Hill, director of innovation and commerce strategy at ThoughtWorks. “You have to have a champion that will basically say, ‘You […]
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