Lenders see digital adoption growth mirrors vehicle sales; secondary markets show stronger rate with securitization.
Auto lenders, securitization providers continue adoption of digital assets, workflows, but industry headwinds could slow progress.
Digital adoption and conversion of back-office processes from paper to digital has continued this year, despite slowing auto sales compared to last year.
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.
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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