Auto Captives Summit 2018 Evaluates New Business Models in Auto Finance

White Clarke Group held its third Auto Captives Summit on January 25 in London. Senior executives from the world’s largest captive auto finance companies met to consider and debate the latest developments and the transforming landscape of fintech in the auto finance industry. The summit provided delegates with real world examples for success in the transforming digital world of automotive finance.

David Slider, group EVP at White Clarke Group, was the opening speaker. Other speakers for the day included:

  • Royce Curtin, managing director of Global Intelligence at Barclays Bank, gave delegates an insight into how Barclays manages the threat from cyber-attacks. Before he joined Barclays, Curtin was deputy assistant director of National Intelligence in Washington, and prior to that a special Agent at the FBI.
  • Toby Woolf, big data automotive leader at IBM, demonstrated with real life examples how big data technology is delivering actionable insights to captive auto finance companies.
  • Andy Hinrichs, CEO and founder of AutoGravity, briefed delegates on his company’s auto finance mobile app that is changing how dealers and consumers engage during the shopping and financing process.
  • Irfon Watkins, CEO at DOVU, explained how DOVU’s new blockchain platform monetizes the flow of connected car data between the driver and the organizations that use it.
  • David Betteley, director at Marknad, spoke to delegates about the impact of digitalization on the auto finance industry and how it is affecting customer expectations.
  • Toby Kernon, CEO at Wagonex, shared his new fintech start-up strategy – one of the first in a growing number of simple, subscription-based Cars-as-a-Service offerings, which threaten to replace contract hire and PCP by bundling all of the costs of car usage into one monthly payment.

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