equipment finance company Odessa Entered the automobile industry.
The company has launched an origination platform called . odessa auto Odessa said Wednesday (April 24) that it plans to grow it into a full-service, end-to-end auto financing suite. press release.
“Odessa’s extensive asset finance experience allows the company to offer cutting-edge automated generation technology from day one.” robert johnsonsaid Odessa's executive vice president of automotive finance in a release. “Additionally, our easily configurable platform allows lenders of all sizes to meet their lending needs without custom development.”
From the outset, Odessa Auto plans to add tools designed to be flexible and agile, allowing users to take advantage of changes in the market, according to the release.
The company's multi-asset, multi-product platform is based on Odessa's equipment leasing experience, according to the release. In addition to traditional auto financing, we also support usage-based financing, subscription, fleet, as-a-service, fractional ownership, and other alternative financing structures.
“Leveraging open API frameworks, process automation, and no-code architecture, Odessa Auto puts control of the platform where it belongs: in the hands of our clients,” said Odessa CEO. Eric Bernstein said in a release. “We are excited to bring these capabilities to auto finance at a time when the market is starting to demand this level of data intelligence and asset-based capabilities.”
Another recent development in this field is Cargurus I said this in January tracking Joined a multi-lender lending platform that already includes capital one, global financing services and westlake financial.
The addition of Chase as a participating lender on the online auto platform expands options for consumers seeking pre-qualification. car financing CarGurus said online at the time.
During December, sopra banking software (SBS) and Vero Technologies Working together to achieve digitalization and wholesaleization car financing Provides functionality to U.S. regional banks, credit unions, and specialty finance companies.
The partnership is aimed at addressing the challenges faced by small community financial institutions in the wholesale finance industry, the companies said at the time. It integrates SBS's Sopra Financing Platform, which powers lenders' back-office wholesale lending operations, and Vero's digital front-end platform, which includes services such as application underwriting and loan portfolio management.
