Fintech

Auto Intel Summit Podcasts Showcase the Event’s Breadth + Knowledge Base

The Auto Intel Summit, which is now open for virtual or on-site registration, is focused on eight core topics the team at Cherokee Media Group deemed needed further coverage in the industry. Those are compliance regulations, connectivity, mobility, digital retail, predictive analytics, investing + M&A, fintech solutions and economic forecast.

Seemingly constant innovation, disruption and technological advances instills a whirlwind atmosphere in the automotive sphere, and the Automotive Intelligence Summit seeks to provide answers to your questions about the future of the auto industry.

AIS gives you the opportunity to meet and connect with the intellectual capital that is critical to providing innovative solutions for the industry today and for decades to come.

Virtual registration open and available for AIS 2020!

If you’re trying to decide whether to attend AIS 2020 later this year, virtually or in-person, let the podcasts below help guide you. These are recordings from the AIS 2019 event in Raleigh, N.C., that ran as Auto Remarketing podcasts, and will give you a taste of what will be on the docket this year:

Abhishek Goel, Founder and CEO, Dasceq

PODCAST: Tackling recoveries & cybersecurity with advanced technology

A combination featuring a TED-style presentation from Jessie Herdrich from PAR North America about the intricacies of recoveries, immediately followed by a fireside chat with AIS chairman Bill Zadeits and Ryan Bachman, who is the senior vice president and chief global security officer at GM Financial.

Check out the full 2020 AIS agenda. 

PODCAST: Simple route for AI to boost collections

Collections certainly can be complicated for finance companies, but Dasceq founder and chief executive officer Abhishek Goel explained how leveraging artificial intelligence does not necessarily have to make the task even more complex.

Quin Garcia, Managing Director, Autotech Ventures

PODCAST: How leveraging startups can drive corporate innovation & profits

Zarif Haque, chief executive officer of DRAIVER, and Quin Garcia, managing director of Autotech Ventures discuss the auto startup market, as well as challenges and opportunities.

PODCAST: Smart Strategies for Auto Fintech Success

Next up is panel discussion on “Necessity is the Mother of Invention: How Legacy Companies and Startups Change and Innovate,” moderated by Alex Maritczak of EY. The panelists include Brian Donnelly of Chase Auto Finance, Trevor Gile of Motorcars Honda and Todd Weeks of AutoFi.

Is your interest piqued? See here for a full list of 2020 AIS speakers!

Join the @AutoIntelSummit conversation.
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Fintech’s Best and Brightest — Discover the ‘Emerging 8’

As we gear up for the second annual AIS, July 23-25 in Raleigh, N.C., we are also organizing the very first group of fintech startups that make up the inaugural “Emerging 8”.

This new program, implemented by AIS and sister publication the Auto Fin Journal, is designed to honor new companies that aim to improve a specific aspect or aspects of the auto-financing process through technology.

These exciting new companies are on the cusp of innovation in fintech development. They are all “on to something” that could turn the dial on their respective aspects of fintech in the next 5 years.

The collection of honorees for the 2019 Emerging 8 cover many aspects of fintech development, from vehicle remarketing and retail, to auto financing. Almost every aspect of the automotive wholesale and retail process stands to be changed and improved by technology coming out of the intersection of finance and technology.

The honorees are required to be in the early growth phases — 5 years old or younger, and making waves in the fintech solutions industry.

While the companies may have had outside investment and multiple rounds of funding, these innovative new names in the industry are pre-IPO and have not been launched or acquired by a larger entity with a foothold in the market.

Register for AIS 2019 here to ensure you hear the latest on what’s new in fintech.

The July/August issue of the Auto Fin Journal will cover the first-ever class of fintech’s Emerging 8, but readers can expect to see this feature annually going forward into 2020.

Not only will the Emerging 8 be recognized the in the Auto Fin Journal, they will also be invited to participate in Wednesday’s Emerging 8 Award Luncheon at the Auto Intelligence Summit on July 24th.

Each company will be allowed the opportunity to explore their enterprises’ goals, mission, and plans from the AIS podium.

These new and upcoming companies, set to be honored next month at AIS 2019, were chosen by AIS and parent company Cherokee Media Group,  in partnership with the members of the Auto Intel Council (AIC).

The AIC includes the leading intelligence companies in the automotive space, along with their respective economists, analysts, researchers, data scientists, communications professionals and executives.

AIC produces quarterly Auto Intel Briefings that features data reports, whitepapers, research, and more, contributed by AIC members. These Auto Intel Briefings provide the industry and its stakeholders unique insights and perspectives on various topics driving the automotive business. The latest installment is available here.

Stay tuned to the AIS blog, as well as the Auto Fin Journal, for the announcement of the inaugural Emerging 8, and more info on what to expect at this year’s Auto Intelligence Summit and Emerging 8 Awards Luncheon.

On top of having some of the most promising startups in fintech on site at AIS, we will also be covering the fintech solutions industry in detail through panels, workshops and keynotes across the span of the event.

See below for a few highlights from our fintech lineup. And make sure to check out the full 2019 AIS agenda here. 

  • The Next Level of Fintech: What will the Auto Industry Solve Next? This panel will feature Sharen Mancero, Senior Vice President, Wells Fargo Preferred Capital; Dinesh Chopra, Chief Strategy Officer, Ally Financial, and more. Discover the latest in auto fintech — one of the fastest growing areas for venture capitalists.

Marguerite Watanabe, President, Connections Insights

  • How Mobile and APIs have disrupted Auto FinTech: In this workshop, Bill Nemecek, VP of Business Development, CarFinance LLC, will explore how the automotive purchase process has been disrupted multiple times by fintech organizations over the past few years. Learn how mobile consumer pressures are forcing the industry to move and why high speed, real-time APIs and new transparent experiences are the way forward for the successful evolution of fintechs.
  • As the Auto Fintech Landscape Evolves: Marguerite Watanabe, President, Connections Insights, will highlight how auto fintech market players are striving to differentiate their value propositions to auto finance companies and banks, dealers and/or consumers, as well as the investment community.

Nick Zulovich, Auto Fin Journal Senior Editor, contributed to this post. 

Join the @AutoIntelSummit conversation.
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AIS 2019 Early Bird Registration Period Ends This Week

Everyone likes to save money. Right? That’s why we want to make sure those planning on attending the 2019 Automotive Intelligence Summit, July 23-25 in Raleigh, N.C., are well aware they only have 1 week left to save $200 off AIS registration.

Yep, that’s right, the unofficial first weekend of summer — aka Memorial Day Weekend — has passed, and July will be here before you know it. Early Bird Registration for AIS 2019 ends Friday, June 7.

Early bird registration for AIS 2019 ends in a week. Register here and Save!

After that date, registration goes up by $200, and if plan on waiting until you’re on-site to register, Early Bird rates will save you a significant $400 to get you into the event that focuses on the future of auto. And — registering now will help ensure your name makes it onto the AIS 2019 attendee list, set to be released in early June.

So, if you need to know more about AIS 2019 before you or your colleagues make the plunge, we totally understand. That’s fine, because we’ve been following AIS 2019 developments on our blog all spring! See how the event designed to drill down into fintech, digital retailing and more has evolved so far:

  • As the agenda nears completion, a lineup of keynote speakers and panelists have come together we think might pique your interest — especially if the following are top of mind for you,  your business, or your industry: digital retailing, fintech solutions, cybersecurity, data privacy, customer experience, the future of auto dealerships, Mobility-as-a-Service and more. Read more.
  • Here’s a deep dive into why the following topics are top of mind for most in the auto biz, and represented widely across our AIS agenda — including cybersecurity, fintech, digital retailing and more. Also, find out how these current topics will be on spotlight at AIS. Read more.
  • This year, AIS has added another significant partnership to its roster: The The North Carolina Automobile Dealers Association(NCADA) is an official industry partner of the Auto Intel Summit. Read more.
  • Parks, greenways, top universities, research hubs, award winning farmers markets, great music, even better restaurants, and a bustling downtown scene. These are just some of the things that make Raleigh what it is. Learn more about AIS 2019’s location. Read more.

Stay tuned to the AIS 2019 blog as we near July and the culmination of what we think will be another industry-leading event as the conference approaches it’s second year.

And don’t forget to register this week to save $200, and make sure your name makes it onto the AIS attendee list, set to be released in early June.

Join the @AutoIntelSummit conversation.
#AutoIntelSummit

AIS 2019 Hot Topics On the Stage & In the News

If you have been staying up to date on developments as the AIS 2019 agenda has evolved, you know we’ve tried to take a look at the biggest changes, technology and shifts that will impact the automotive market the most in the years to come.

If you still need convincing, here’s a deep dive into why the following topics are top of mind for most in the auto biz, and represented widely across our AIS agenda — including cybersecurity, fintech, digital retailing and more. Also, find out how these current topics will be on spotlight at AIS come July 23-25 in Raleigh, N.C.

The AIS 2019 Early Bird Registration rate is set to go up by $200 on June 7. Register today, and save!

 

Fintech

What’s in the news?

  • Top concerns from the Association for Financial Professionals fintech survey? In a poll of nearly 400 practitioners, the 2019 survey found that 60 percent cited strategic risk factors such as competitor and industry disruptions as their biggest area of concern, while cybersecurity risk ranked second at 51 percent.

Tarry Shebesta, CEO, truPayments

AIS Fintech highlights:

  • Discover the latest in auto fintech — one of the fastest growing areas for venture capitalists. Find out where the industry is headed in terms of programming and tech with captive leaders. This conversation will be led by Sharen Mancero, Senior Vice President, Wells Fargo Preferred Capital, and will feature Dinesh Chopra, Chief Strategy Officer, Ally Financial, and more.
  • Digital Retailing is one of the hottest technology topics in the auto industry right now. Where does fintech fit in to the online path-to-purchase? Tarry Shebesta, CEO, truPayments, tackles this issue at AIS.

 

Digital Retailing

What’s in the News?

  • Digital retailing companies like Roadster and more continue to add to the list of automakers for which they provide DR services.

AIS Digital Retailing Highlights 

  • Separating the Facts from Fiction: Andrew Tai, CEO at MotoIsight, says his goal during his keynote “is to help dealers better understand the wave of change that is already upon us, but also navigate how to take advantage of it.”
  • PeteMacInnis, Founder and CEO, eLEND Solutions, will tackle the following question: Is Digital Retailing Promising More Than It Can Deliver?

 

Cybersecurity

What’s in the news?

  • Connected cars: Sophisticated technologies that promise to produce safer, more fuel-efficient vehicles equipped with consumer-pleasing conveniences are also capable of revealing personal information, such as where a driver’s been, their telephone contact list, how fast they drive and whether they use their seat belts.

Ryan Bachman, SVP Global Chief Information Security Officer, GM Financial

AIS Cybersecurity highlights:

  • Discover the answers to the most pressing cybersecurity issues that the auto and auto finance industry are facing during a fireside chat with Ryan Bachman, SVP Global Chief Information Security Officer, GM Financial and Bill Zadeits, Chair, Auto Intelligence Summit.
  • The possibility of data science and big data are seemingly endless — but with that comes challenges to data privacy. Hear from the experts on the intersection of data privacy at AIS, including leaders from the Consumer Financial Protection Bureau and the Co-Author of the California Consumer Privacy Act, Mary Ross.

See the full 2o19 Auto Intelligence Summit agenda here, and check out more offerings that span the above topics and beyond.

Join the @AutoIntelSummit conversation.
#AutoIntelSummit

Only 1 Week Left to Submit for the Auto Intel Summit 2019 Call for Speakers

Each week, for a few months now, I’ll take a look at the back-end of the Automotive Intelligence Summit website to check out the call-for-speakers submissions for this year’s event — scheduled for July 23-25 at the Crabtree Valley Marriott in Raleigh, N.C.

And just about every week so far, each contact form export brings with it even bigger names in the industry and more relevant topics to our audience. Taking a look at submissions so far, here’s a glimpse into some of the topics top of mind for potential AIS 2019 speakers: mobile and APIs and the impact on fintech, disrupting traditional auto sales and leasing, digital retailing, biometrics and more.

BUT — my weekly tradition might be on the way out shortly. The call for speakers for Auto Intel Summit 2019 ends Monday, April 22. That’s right. You only have one more week to throw the best idea you have our way.

Save $400 while you still can with AIS 2019 Early Bird Registration!

We know you likely have your ideas lined up — and we are hoping you are ready to send them our way this week — but in case you need inspiration …. we gave an outline of our already confirmed speakers here.

The list includes names like MotoInsight CEO Andrew Tai; Ryan Bachman, SVP Global Chief Information Security Officer, GM Financial; Mary Ross, President of Californians for Consumer Privacy, and former CIA Counterintelligence Officer and Counsel on the House Intelligence Committee — among many others.

But — there’s more. Between the time that post was published just weeks ago, we have a couple of new highlights to share with you:

  • The North Carolina Automobile Dealers Association (NCADA) is partnering with AIS in its second year. Stay tuned for more details on this new development!
  • Jason McCarter, Partner at Eversheds Sutherland, will be speaking on the topic of the legal issues of selling online.

So, you think you’d like to find yourself among these leaders in auto? Do you have something to say about Digital Retail and Fintech? Those are two of our main focuses this year.

And moving beyond these two topics, we have 8 core focuses that always drive the progress of the Auto Intel Summit: Compliance regulations, connectivity, mobility, mergers & acquisitions, predictive analytics, investment capital, fintech solutions and economic forecasts.

If you have any questions or thoughts about the AIS 2019 Call for speakers, please feel free to reach out to myself, Content Director of AIS, at srubenoff@cherokeemediagroup.com

Join the @AutoIntelSummit conversation.
#AutoIntelSummit

8 Core Topics Driving the Future of Automotive

Seemingly constant innovation, disruption and technological advance instills a whirlwind atmosphere in the automotive sphere, and the Automotive Intelligence Summit seeks to provide answers to your questions about the future of the auto industry. In order to distill all that wild change and data into actionable insights and tangible knowledge, we’ve laid out eight core topics upon which the speakers and presenters at AIS will focus.

 

Predictive Analytics

Like those old Nationwide Insurance commercials stated, “Life comes at you fast.” It’s never been as true as it is now. But with predictive analytics, you can better prepare for shifts in the automotive world.

Generally speaking, predictive analytics is the combined use of data, statistics, model simulations and artificial intelligence to make predictions about the future — an extremely valuable resource in these dynamic times. With predictive analytics, you aren’t just reacting to changes as they occur; the hope is to foresee developments in finance or the auto industry and equip yourself with strategies to weather those changes or, even better, benefit from them.

 

Fintech Solutions

As you likely know (or could at least guess), “fintech” is simply the portmanteau of “financial technology;” with the advent of technologies like blockchain and cryptocurrencies, fintech solutions are necessary to improve and protect this new mode of financial services, especially in auto finance.

Just as an example, one of the most talked-about innovations in the financial world right now is the idea of blockchain — the buzzword of the hour for quite a few hours now. What is blockchain, and how can it revolutionize auto finance as we know it? It will surely play into the presentations of those speakers focusing on fintech solutions.

 

Transportation Research

With the ongoing approach of automated vehicles, electric/hybrid cars and transport, ride-sharing and other innovations, transportation research must accompany these disruptions before and as they occur in order to make these revelatory advances safer, more efficient and more effective. Data points that might be discussed in transportation research could include rates of use for mass transit, the state of ownership of personal vehicles and other emerging technologies that could impact the way we approach driving, shipping and more.

 

Investment Capital

Money rules the world. It especially rules the world of the automotive future. With so many fresh disruptors and startups arriving on the scene in recent years, the need for investment capital will only increase as we move forward.

Everybody wants to profit off the Next Big Thing, and each new company hopes to be that Next Big Thing. In this climate, investment capital becomes the bridge between this symbiotic relationship, providing startups with the push they need to break the big time and, thus, venture capitalists with a return on their investment.

 

Connected Mobility

The vehicle of the future depends upon connected mobility. Whether that means your Tesla receives remote software updates or an autonomous vehicle can link up with the upcoming 5G network, connected mobility will play an enormous role in the next decade and has already become a major talking point in the auto industry. For example, all the major operating systems of the autonomous vehicle, from GPS to its AI, depend fully on the concept of connected mobility.

 

Mergers & Acquisitions

These days, mergers and acquisitions might seem as natural as death and taxes. It plays into the concepts connected with investment capital — Company A likes Company B’s big idea, and they’ve got the capital for it, they’re going to get in on it… except a bit further than just plugging money into the company. As a relatively recent example, IHS — parent company of Carfax — purchased similar Canadian company CARPROOF late in 2015 and in mid-March of this year, CARPROOF announced a full rebranding to CarFax Canada, effective in October. These sorts of deals will only increase as startups of all kinds decide to cash in with more established businesses and corporations.

 

Economic Forecasts

Who doesn’t want to know how financial markets will behave in the future? With help from predictive analytics, economic forecasts are a highly helpful resource, impacting confidence in auto finance and other AIS core topics.

Whether it’s looking at the supply of and demand for electric vehicles in the coming years or the swings of Wall Street and its effect on investment capital, predictions for the money markets across the country, continent and world will help determine the future of automotive and auto finance itself.

 

Compliance & Regulations

Boring? Maybe. But we won’t shame you if you’re a policy wonk — quite the opposite, in fact. Knowledge of compliance and regulations is of paramount importance when considering all the changes coming to the auto industry.

Instead of looking at compliance and regulation in a reactive fashion, we must anticipate the need for regulatory compliance. Think of the fatal Arizona Uber debacle — with further research and sturdier regulations, this tragedy could’ve been avoided. At the same time, though, Forbes reported that Arizona would become the first American “regulatory sandbox” for fintech. In short, regulatory compliance doesn’t have to be restrictive; it can herald innovation.

 

If you’re interested in the future of the automotive space, make sure you attend the Automotive Intelligence Summit, July 24–26 at the Marriott Crabtree Valley in Raleigh, N.C. Register online by June 22 to enjoy $400 off the onsite registration rate.

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