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Lenders see digital adoption growth mirrors vehicle sales; secondary markets show stronger rate with securitization.
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Auto lenders, securitization providers continue adoption of digital assets, workflows, but industry headwinds could slow progress.
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Digital adoption and conversion of back-office processes from paper to digital has continued this year, despite slowing auto sales compared to last year.
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Auto finance and dealer service providers have seen a 81.11% growth in digital transactions over the last twelve months leveraging digital contract and financial documentation.
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Reynolds and Reynolds has completed its acquisition of Wolters Kluwer’s indirect loan origination solutions for around $36 million in cash. As part of the acquisition, Reynolds gets Wolters Kluwer’s AppOne software, risk mitigation services and bankers systems.
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