Category: Automotive

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Automotive Living Public Affairs Technology U.K

Cornwall Council Extends Contract with Unity5

Cornwall Council, the unitary authority for Cornwall in the United Kingdom, has reportedly announced the extension of its collaboration with Unity5. 

The extension of the contract is part of the council’s effort to drive the digitisation of its permits leveraging Unity5’s ZatPark solution, reported TransportXtra.

“Bringing Unity5 and its ZatPark solution onboard has been a hugely positive step forward for us, explained Zoe Hall, Strategic Parking Manager at Cornwall Council. “We’ve benefited from the flexibility of the technology, and the digitisation of our permits through ZatPermit was a valuable and much-needed update. We are delighted to have extended our contract and are looking forward to continuing our work together.”

Cornwall Council Detailing Positive Parking Framework

The contract between Cornwall Council and Unity5 was first inked in 2020. 

The Council signed up to the national Positive Parking Agenda and detailed its Positive Parking Framework for Cornwall which was approved by the Cabinet in June 2018. 

The Positive Parking Framework for Cornwall (the Plan) was devised to enforce smart parking while also helping support local economies and facilitate traffic management.

With the framework, the authority is committed to efficiently managing the 205 off-street car parks managed by Parking Services. 

In addition, the framework is expected to help manage the research, development, and review work of the 123 tariffs across Cornwall’s parking lots and several non-charging car parks.

Cornwall Council Bringing ZatPark Onboard

Recognising the role of Information Technology (IT) in helping deliver improved parking service, the Council aligned Unity5 to its strategic parking plans. 

The Council signed a contract with Unity5 for deploying its Zatpark solution that includes Fixed Penalty Notice (FPN), Penalty Charge Notice (PCN), and Parking Permits processing systems.

The contract also meant that ZatPark was to be deployed to help manage the county’s parking permit systems, producing digital and physical parking permits.

Even though the roll-out of the ZatPark system was initially stymied by the COVID-19 pandemic, an integrated and coordinated approach taken by both parties ensured the safe and successful implementation of the system, with roughly 200,000 PCNs (including all PCN data, images, and correspondence) migrated into it.

The contract was initially signed for a two year period with a possible two one-year renewal. 

The recent extension of the contract is driven by the high-end service and customer experience ZatPark enabled the Council to deliver to the customers, residents, stakeholders, businesses, and visitors visiting the county. 

Both parties mark the extension as a demonstration of successful collaboration between Unity5 and the local authority. 

Cornwall Council expects to further extend the partnership and deploy the ZatPark solution to Moving Traffic Contraventions.

ZatPark confirmed to fine-tune and configure the fully integrated modules with its high-performance hosted parking solution during the onboarding process to support the Council’s technology transformation.

“The support we received from the team at Unity5 is second to none. They would be highly proactive for any new projects and very reactive when any day-to-day issues arose,” stated Josh Macdonald, Business, Products & Communications Manager (Parking) at Cornwall Council.

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Automotive Business Services U.S Website & Blog

WindshieldReplacement.Tech Is Excited To Announce The Launch Of Their New Website

Florida — WindshieldReplacement.Tech is excited to announce a new website design to enhance customer experience. The updated website features a sleek and modern design, making it easier for customers to find the information they need. The new website layout is also designed to be mobile-friendly, allowing customers to access it on their smartphones and tablets easily.

“At WindshieldReplacement.Tech, we are committed to providing our customers with the best possible experience, and I believe the new website will help do just that. The website also includes a blog section where customers can read articles on auto glass, windshield repair, and replacement topics. Thank you for choosing WindshieldReplacement.Tech.” Said Elias Feliciano

Why Redesign A Company Website?  

A company website should be redesigned every few years to keep up with the latest trends and technologies. This ensures that customers have a positive experience when they visit the site and can easily find the information they need.

Changes to websites usually include:

  • A new layout and design
  • New features and functionality
  • Updated content

 

How Does The New Website Benefit WindshieldReplacement.Tech Customers?  

The website’s new design makes it easier for customers to find the information they need and navigate around the site. The mobile-friendly design is also beneficial, as more and more people use their smartphones and tablets to access the internet.

WindshieldReplacement.Tech is confident that the new website will improve customer satisfaction and increase sales. We want to make it as easy as possible for our customers to access our services in an emergency. If you’re in need of auto glass repair or replacement services, be sure to check out our new website.

What Services Does WindshieldReplacement.Tech Offer?  

You can expect the following services from WindshieldReplacement.Tech:

  • Windshield repair
  • Windshield replacement
  • Door glass repair and replacement
  • Back glass repair and replacement
  • Quarter glass repair and replacement
  • Windshield Camera Recalibration
  • And more!

For more information, visit our social media: Facebook, Instagram, and Twitter.

Why Do You Need Auto Glass Repair And Replacement Services?  

You never know when you might need auto glass repair or replacement services. If you have a cracked or shattered windshield or any other auto glass issue, it’s important to have a reliable service provider to call for help. At WindshieldReplacement.Tech, we offer 24/7 emergency services to ensure our customers are always covered.

If you’re looking for quality auto glass repair or replacement services, look no further than WindshieldReplacement.Tech. We’re always available to help, no matter the time of day.

How Does WindshieldReplacement.Tech Repair A Crack?  

WindshieldReplacement.Tech uses high-quality materials and advanced techniques to repair windshield cracks and chips. Our experienced technicians assess the damage to determine if a repair is possible and if so, they inject a special resin into the crack or chip. This resin is then cured using UV light, sealing the crack and preventing it from spreading.

If the crack is too large to repair or is located in a critical area of the windshield, we may recommend a full windshield replacement. Our mobile auto glass replacement services make it easy and convenient for customers to have their windshields replaced on-site, wherever they are.

How Long Does WindshieldReplacement.Tech Take to Replace A Windshield?  

The amount of time it takes to replace a windshield depends on several factors, including the vehicle’s make and model and the damage’s extent. However, in most cases, our technicians can complete a total windshield replacement in under two hours. We understand that our customers lead busy lives, which is why we strive to make our services as fast and efficient as possible.

In summary, WindshieldReplacement.Tech is proud to announce our new website design, which will enhance the customer experience and make it easier for customers to find the information they need. We understand the importance of keeping up with the latest trends and technologies, which is why we have updated our website layout and design, added new features and functionality, and updated our content.

With a mobile-friendly design, customers can easily access our website on their smartphones and tablets, making it more convenient for them to request our services anytime and anywhere. In addition, our website includes a blog section where customers can read informative articles on topics related to auto glass repair and replacement.

At WindshieldReplacement.Tech, we are committed to providing outstanding services to our customers, and we believe our new website design will help us achieve this goal. Our services include windshield repair and replacement, door glass and quarter glass repair and replacement, and mobile auto glass repair and replacement services.

Our hassle-free process ensures that customers do not have to worry about transporting their vehicle to a repair shop or arranging a ride while their car is serviced. Our mobile service technicians come directly to the customer’s location, providing a quick and efficient repair or replacement service.

More About WindshieldReplacement.Tech  

WindshieldReplacement.Tech believes in the importance of having a reliable auto glass service provider, which is why we offer outstanding services to our customers. We also provide a range of services for all types of auto glass and are equipped to handle any auto glass repair or replacement needs that customers may have.

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Automotive Technology Travel U.S World

Say Goodbye to JFK Parking Hassles with ParkingAccess!

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ParkingAccess is a website that offers a comprehensive guide to parking at John F. Kennedy International Airport (JFK) in New York. The website has a team of expert writers who produce high-quality editorial and sensational content around JFK parking.

One of the reasons why ParkingAccess is so great concerning JFK parking is its deep understanding of the needs and concerns of travelers who use JFK. The website provides valuable information such as the locations of parking facilities, rates, and amenities. They also offer insider tips on how to save money and time when parking at JFK.

In addition to providing practical information, ParkingAccess also produces high-quality editorial content that is informative and engaging. Their articles cover a wide range of topics such as airport security, travel safety, and parking trends. Their writers are experts in the travel industry and provide valuable insights and advice for travelers.

One of the things that sets ParkingAccess apart from other websites is their ability to produce sensational content that captures readers’ attention. They use creative headlines and engaging visuals to inspire readers and motivate them. Their articles are also well-researched and have a unique perspective on travel-related topics.

Another great thing about ParkingAccess is their commitment to providing accurate and up-to-date information. They regularly update their website to reflect changes in parking rates and availability at JFK. They also provide real-time information on parking availability and wait times so that travelers can plan and avoid unnecessary stress.

ParkingAccess is also very user-friendly and easy to navigate. Their website is designed to be intuitive and responsive, making it easy for travelers to find the place they need quickly and easily. They also offer a range of tools and resources, such as a parking calculator and a parking map, to help travelers plan their trip.

In conclusion, ParkingAccess is a fantastic resource for travelers looking for information on parking at JFK. Their expert writers produce high-quality editorial and sensational content that is informative, engaging, and up-to-date. They deeply understand the needs and concerns of travelers who use JFK and provide practical information and insider tips to help make their trip as smooth and stress-free as possible. If you plan a trip to JFK, check out ParkingAccess for all your parking needs.

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Automotive Computers & Software Finance Technology

How AI Helps Insurance Companies Deliver a Better Experience

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I recently wrote a post about why insurance companies should consider data consolidation. In that article, I discussed how having your business data in one place could help you make better decisions for your business. 

And, at the same time, create a better experience for your customers.

Of course, one might argue that all of that data being streamed into this central “vault” would need to be assessed and analysed to get any value from it.

That’s where artificial intelligence (AI) and machine learning (ML) come into the picture.

Repairer Driven News, a news site for collision repairers, very recently discussed how technology—specifically AI—makes it easier for insurance companies to produce quotes.

Whilst this article discusses auto insurance specifically (given the nature of the publication), what it says is just as easily applicable to other parts of life that require insurance.

Using AI to Calculate Risk

In the past, risk calculations were done manually, based on information provided by the customer. With AI, however, risk calculations can be automated. And, they tend to be more accurate.

Accuracy, as it turns out, is extremely desirable in the world of insurance. That leads to a more logical premium for the customer, which is good for them and the insurance provider.

At the same time, AI is much better at detecting fraud. 

Fraud detection requires pattern detection. And, if the fraud is sophisticated enough, humans might not be able to see that pattern. AI, on the other hand, can and will. 

According to this article by Business News Daily, machine learning algorithms can detect fraudulent claims with a 75% accuracy rate. Of course, as technology evolves, fraudulent schemes will as well. However, all that means is that data scientists will need to keep up so that AI/ML can keep up as well.

Using AI to Calculate Cost

The article discusses how predictive analysis can determine if a vehicle can be repaired or if it should be written off. It can do that based on information such as the year and model of the vehicle, the type of impact, whether the airbags deployed, and so on.

It also talks about how AI heat mapping technologies can identify which areas of the vehicle were damaged.

With all this information at its “fingertips”, AI can very quickly complete an estimate with no additional help.

In the same way, AI could be used to predict risk and come up with personalised quotes for health and medical insurance, home insurance, pet insurance, and more.

Again, with a better understanding of the cost of treatment or reparations, insurance companies can service their customers better.

Using AI to Mitigate Risk

Safety technology in vehicles is reaching a point where cars can safely (well, more or less) drive themselves. While not all vehicles are autonomous, they do have features that can help human drivers operate a little more safely.

Some of these features, such as parking sensors, rear-facing cameras, and lane detection, can also gather information. This information, in turn, can be processed by AI to help drivers make better decisions; better decisions that lead to fewer collisions.

Helping Insurance Companies Harness the Power of AI and Data

Insurance software providers like Zinnia are offering solutions that help businesses make the most of their data. At the same time, these solutions also help them design better products for their customers, giving them the best experience as well.

For example, Zinnia’s life insurance solutions include data consolidation as well as management. This secure “source of truth” can be used by AI to generate better outcomes for everyone.

And, isn’t that what you want for your insurance business?

Categories
Automotive Lifestyle Professional Services Science Technology

ForA.Chat Launches Online Troubleshooting Mechanic Chatbot to Revolutionize the Auto Repair Industry

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Vancouver, Canada – ForA.Chat is proud to announce the launch of their online troubleshooting mechanic chatbot, available at https://mechanic.fora.chat/. This new and innovative technology provides car owners with a fast, convenient, and expert solution for diagnosing and resolving common car problems.

With the increasing demand for quick and efficient auto repair services, ForA.Chat has developed an AI-powered chatbot that utilizes advanced natural language processing and machine learning algorithms to understand and interpret car problems and provide expert advice and recommendations. The chatbot is available 24/7, allowing car owners to get the help they need whenever they need it, without the need for a physical appointment.

“We’re thrilled to launch this cutting-edge technology that will revolutionize the auto repair industry,”. “Our online troubleshooting mechanic chatbot provides car owners with a fast, convenient, and expert solution for diagnosing and resolving common car problems. It’s an exciting time for ForA.Chat, and we’re proud to be at the forefront of this industry shift.”

The online troubleshooting mechanic chatbot is incredibly easy to use. Car owners simply launch the chatbot, describe their issue, and receive a response within minutes. The chatbot also offers a range of other useful features, such as the ability to schedule appointments, view service history, and receive reminders for important maintenance tasks. With ForA.Chat’s chatbot, car owners can manage all aspects of their vehicle’s health and well-being from the comfort of their own home.

“We’re committed to making car maintenance and repair as easy and convenient as possible,”. “Our chatbot is designed to provide an unparalleled level of convenience and support, and we’re confident that it will become a valuable tool for car owners everywhere.”

In conclusion, ForA.Chat’s online troubleshooting mechanic chatbot is the perfect solution for car owners who want quick and efficient assistance with their vehicles. With its advanced natural language processing and machine learning algorithms, 24/7 availability, and easy-to-use interface, ForA.Chat’s chatbot provides an unparalleled level of convenience and support.

To learn more about ForA.Chat’s online troubleshooting mechanic chatbot and start getting expert assistance for your car problems, visit https://mechanic.fora.chat/ today.

About ForA.Chat:

ForA.Chat is a leading provider of innovative technology solutions. With a commitment to customer satisfaction and a passion for innovation, ForA.Chat is dedicated to making car maintenance and repair as easy and convenient as possible.

Categories
Automotive Living Technology U.K U.S

Parking Management Software Market Size Forecast to Reach a Revenue of $8.60B in 2030

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Having innovative technologies such as payment digitalisation, enforcement processes, access control, and reporting at the core, parking management software is fast gaining currency among local authorities and private parking companies.

Global smart parking management market size was valued at $4.38B in 2022. It is forecasted to hit a staggering $8.60B, growing at a compound annual growth rate (CAGR) of 12.50% between 2022 and 2030, according to an article by Market Research Future (MRFR) published in Digital Journal.

What is a parking management system?

A parking management solution helps optimise parking spaces, better manage the influx of vehicles, and ensure the safety of both people and vehicles.  

It aids in managing vehicles efficiently by offering full control of the entire lifecycle of parking enforcement information—from issue to recovery and the stages in between.

Driving forces behind the increasing demand for parking management software

The parking management market is gaining traction as more and more companies look to optimise their parking spaces. 

In addition, the rising number of vehicles, growing global demand for smooth traffic flow, and rapid development of smart cities are the pivotal factors promoting the adoption of automated parking management solutions, particularly across some regions of the world.

According to MRFR, due to developers creating additional spaces instead of not making the most of the existing ones, many parking slots remain unutilised.

The solution: leveraging state-of-the-art parking management software.

By notifying keepers of empty parking spaces, a class-leading parking management system with improved signage and real-time parking indicators helps minimise parking space waste. The result: fortified customer experience and a substantial saving on time and fuel.

On top of that, a high-end parking management system helps differentiate between under-pricing and overpricing parking spaces, enabling improved revenue management that leads to effective resource utilisation.

An integrated, cost-effective parking management solution can often address parking requirements by 20-40%, offering many social, economic, and environmental benefits.. 

How the Covid-19 pandemic affected the global parking management software market

Along with vehicle manufacturing activities, parking management software production remained halted in response to the Covid-19 pandemic. 

Many countries enforced stringent regulations declaring lockdowns and discouraged crowding on public vehicles and in transport stations. With declining need for parking management, the growth of the parking management software market witnessed a modest decrease for a short period. 

However, with more and more countries now easing travel and quarantine restrictions, the need for parking management is getting a substantial push. As a consequence, the demand for end-to-end cloud-based parking management software, such as ZatPark, is expected to increase.

North America to reign the global market

Accounting for more than 35% of the market share, North America reigned in the parking management software market last year. 

Countries with robust economies, such as the US and Canada, are the leaders in driving the growth of the parking management system industry across the region.

That said, with the demand for parking management systems on the rise, it’s critical for businesses to ensure enhanced user experience while also saving time and money. A high-end parking management system helps streamline enforcement and management for private enforcement companies and local authorities. 

Categories
Automotive Business Finance Personal Finance Technology

Plensy™, The World’s First NFT Auto Smart Loans, Announces Launch of Wefunder Equity Crowdfunding Campaign

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Plensy™ Inc. is the World’s First End-to-End Credit & Lending Solution for Car Buyers and Dealerships, allowing consumers to regain control of their purchasing power and credit score while benefiting from interest rates and loan terms that won’t break their bank or threaten their family’s survival.

On the Plensy™ Wefunder campaign page, the general public can now make reservations. Wefunder is a website that connects startups with investors through crowdfunding. The “Kickstarter for Investing” platform makes use of a provision in the JOBS Act of 2012 that allows unaccredited investors to purchase equity in early-stage private companies.

The Points-based Lending System – Plensy™, teamed with Wefunder to offer their future customers the opportunity to purchase Plensy’s initial equity, which offers discounted shares to early Seed Round investors.

The disruptive FinTech company has achieved many milestones in the previous three years prior to the campaign’s launch, including:

• First company to create the Idea to apply NFTs to Vehicles and coin the term, Auto Smart Loans

• Patent filed in 2020

• 120 Dealerships across the United States Signed Agreements to Offer Plensy’s Alternative Lending Solution to its Customers 

• Some of the dealerships are under Warren Buffet’s Berkshire Hathaway Automotive Group and Lithia Motors, Inc., one of the largest automotive group retailers in the United States and is among the fastest-growing companies in Fortune 500

• Built a more streamlined and modern Dealer Management & Inventory System 2019-2020

• Auto Finance Innovation Award Nominee – Sam Errama, Founder & CEO

• Inspirational Woman of the Year Los Angeles Times – Brandi Kolosky, Founding Member & CGO

• Completed Friends & Family Round with $150k raised 

• Tested 3.3m data points showing a 97% efficacy of predicting default by accurately reflecting the customers’ true ability to pay a loan and their actual creditworthiness

“We are extremely excited about the opportunity to provide a superior value proposition to the consumers and dealerships while providing a significant return for our investors,” Miami Resident and Floridian, Chief Growth Officer / Founding Member of Plensy™, Brandi Kolosky, states. “The vote of confidence and eagerness from everyone over the past year shows that Plensy™ is needed now more than ever to provide a more accurate and faster solution with less risk for the credit and lending industry. We have already made significant headway on our target well before ‘going live’ on Wefunder and look forward to connecting with more fans of Plensy™!” 

Erik Day, VP & CFO of the Warren Henry Auto Group’s 14 South Florida dealerships, clarified on the 2021 CXAuto Conference panel with Ms. Kolosky at 1:34:30, “absolutely Plensy™ is needed….we are missing out on a lot of customers due to many factors…” 

“We’ve created statistical models and a loan approval prediction to increase the likelihood of a consumer qualifying while reducing missed payments and default rates. We’re employing a logistic regression model with real-time accurate data analytics and smart algorithms to assess a buyer’s true ability to pay, while our predictive analytics algorithm allows us to determine individual interest rates.”, said Plensy’s Founder, Sam Errama.

Plensy™ uses the blockchain to ensure that the above data is accurate, secure, and transparent by combining data points and risk mitigators such as rental history, gig economy income, additional assets, and more. It generates a buyer’s authenticated creditworthiness using its own patent-pending AI without increasing credit risk or creating any discriminatory racial consequences. Plensy™ is the most intricate and necessary part of the equation to disrupt the monopolized for-profit credit score firms, Experian, Transunion, and Equifax, by extending the marketplace, diversifying risks, and creating a social effect. Finally, Plensy™ has built in a 20% reserve into its financial model, greatly beyond the industry standard of 5%.

Plensy™ will use the crowdfunds for working capital. The early-bird investment offering, which includes a discount on the valuation cap and perks, will end on February 24, 2022.

More About the Immediate Plensy™ Team: 

Founder & CEO, Sam Errama, with a 20-year mastery of applying SaaS, Data, FinTech, SEO, Marketing, and Sales to multiple global sectors, including the automotive, gold, real estate markets, and industries alike, and Muralidhar Margapuri, CTO & Co-Founder of Plensy™ who held a 20-year position as Former Vice President, Information Technology for Citigroup & Banamex Global, Project Management Professional (PMP), Certified Information Systems Security Professional (CISSP), Information Security Compliance, and Anti-Money Laundering (AML) Technology application experience. He was awarded several times at Banamex, acknowledging his and his team’s efforts of colleagues in aligning with BUSA’s Four Pillars – Fortress Controls, Client Excellence, Employee Engagement, and Shareholder Return.

Kolosky is a polymathic business and marketing leader. Her roles have included International Business Development Director, Capital Fund Raiser, and Chief Growth Officer. She is known for pushing the boundaries of B2B and B2C globally. Brandi launched her own Marketing and PR firm 10 years ago. She then worked alongside the CMO & CFO of FIA Formula1 Electric Racing and helped curate the global race series marketing, sponsors, events, cross-branding, and investor relations. Her efforts introduced a $50M investment to the organization. Soon after she was contracted to solve an energy crypto mining problem, and in that time, she invented & deployed the by-pass of flare on oil fields to power Crypto Mining Pods. January 2020, Brandi became the Managing Director of DealBox, the World’s first Venture Capital firm utilizing Blockchain technology for Digital Securities Issuance where she oversaw roughly $400m in client marketing and investment raises. February of 2021, she onboarded as a Founding Member and Chief Growth Officer for Plensy™. 

Wefunder Campaign Page: https://wefunder.com/plensy 

We are ‘testing the waters’ to gauge investor interest in an offering under Regulation Crowdfunding. No money or other consideration is being solicited. If sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until Form C is filed and only through Wefunder’s platform. Any indication of interest involves no obligation or commitment of any kind.

Categories
Automotive Family & Parenting Leisure Activities Services U.S

Get your family pictures taken with Santa Claus this holiday season at HGreg Nissan of Buena Park

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Buena Park, CA; HGreg Nissan of Buena Park is excited to offer a day of fun and excitement for the whole family. With Santa Claus himself, the kids will be able to have their pictures taken with him for memories that last a lifetime. The event will also feature gifts for kids* (while supplies last) as well as refreshments and snacks.

Buena Park Nissan’s Santa Picture Event

December 16th From 5:00 pm to 8:00 pm

We’ll have Santa ready to greet you when you arrive. Tickets are available for guaranteed pictures and big raffle prizes. In addition, a professional photographer will be on board to capture your memorable photos with Santa at no charge! Please allow at least 48 hours for processing. The images will be delivered via email within two business days.

What are the details of the event?

When: Thursday, December 16th from 5:00 PM to 8:00 PM (check-in starts at 3:00 PM) Where: HGreg Nissan of Buena Park, 6501 Auto Center Dr, Buena Park, CA 90621

Click here to get your Tickets now or visit our Facebook page here.

You’ll receive free gifts for your kids, as well as snacks and refreshments.

The first 200 attendees will receive a GUARANTEE of gifts for their kids.

HGreg Nissan of Buena Park

HGreg Nissan of Buena Park is committed to building an outstanding relationship with its clients through dedication to service, value and trust. The Buena Park Nissan team includes knowledgeable sales professionals that understand how important a strong connection with customers is to achieve the highest levels of satisfaction.

About Mohammed Basith

Automotive General Managers play a big role in the dealership’s success. They are responsible to oversee all departments and ensure customer service while hitting their goals every time. They must know the business very well and wear many hats.

Mohammad A. Basith knows exactly what that entails and never fails to deliver. He has 35 years of experience in the automotive industry. Currently the dealership he runs, HGreg Nissan of Buena Park, is #2 in the nation. He has exceptional customer service. If there is ever any issue, he personally takes those calls and takes care of it immediately. He is at his dealership 7 days a week ensuring that everything is being done and ran properly. He always strives for greatness and keeps his customer satisfaction scores high.

Not only does Mr. Basith keep his customers happy but his employees as well. He prides himself in the values he brings to the table. He promotes a family type of environment. He exemplifies his leadership skills, so that the team members can thrive in the business. Therefore, our team members are able to deliver the same type of customer satisfaction. He knows the business so well, and truly understand the importance of recruiting and coaching the right team members that will help his dealership be a success while keeping the work environment intact.

Hgreg Nissan of Buena Park dealership located at 6501 Auto Center Dr, Buena Park, CA 90621

Categories
Automotive Computers & Software Finance Personal Finance World

Founder of Plensy™, Sam Errama, has been nominated for an Auto Finance Innovator Award

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Plensy™ is proud to announce that its Founder and CEO Sam Errama has been nominated for the AUTO FINANCE INNOVATORS award. This award honors the industry’s movers and shakers and recognizes innovative new developments in the auto finance industry. The honorees will be announced on November 15th, 2021. “It’s an honor to be nominated,” says Sam Errama, Founder of Plensy™. “I’m excited to see what comes of it.”

Sam Errama created Plensy™ to transform the antiquated traditional financial ecosystem, known as the credit score rating, from the current loan processing methodology by offering lending services through the Plensy™ platform. Plensy™ is a completely new and a unique tokenized blockchain technique of disrupting the entire financing concept by removing the old approach of evaluating a borrower’s potential based on their credit score.

In addition, the 2021 Auto Finance Innovators Awards recognizes industry professionals that have made significant technological contributions to their company and the field. It comes on the heels of a year of major innovation in the auto finance industry.

Other notable nominees include, but not limited to, Tanya Sanders, Head of Auto at WellsFargo, Chris Nicotra, Head of Consumer Auto Lending Technology at Capital One, Kevin Singerman, CEO & Co-Founder of AutoFi, and Chris Depperman, VP of Finance & Insurance Operations of Berkshire Hathaway Automotive.

Plensy™ not only brings innovation to risk assessment but also revolutionizes the broader credit and finance market by tokenizing with NFTs as ” Auto Smart Loans”. The Plensy™ token is a digital asset that can be programmed to produce a yield, making it an attractive new class of digital securities.

Plensy™ has reached agreements with over one hundred twenty (120) dealerships in the United States and is pushing forward with an expansion in the $98B DeFi ecosystem. Some of the largest automotive groups in the United States, which collectively operate over a thousand (1,000) dealerships, are ready to offer Alternative Financing to their consumers.

More About Plensy™: 

Plensy™ is poised to disrupt several trillion-dollar markets with a simplified, fair, and intuitive points-based lending-system that expands marketplaces, diversifies risk, and streamlines the process for everyone involved. This would have enormous economic and social impacts! 

https://Plensy.com  

For more information on Plensy’s business model or Seed Fund Round, contact Chief Growth Officer, Brandi Kolosky, Brandi@Plensy.com  

Categories
Automotive Business Finance Financial Market Stock Market News

Plensy™, A Points-Based Lending-System Opens Seed Funding Round to Offer NFT Auto Smart Loans to Dealership Customers

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August 24, 2021 – Los Angeles, CA – The Los Angeles-based FinTech startup Plensy™ announces the opening of its $25M seed funding round. Plensy’s patent-pending Points-Based Lending System will compete with digital lending platforms and banks by elevating the vehicle buying experience for both customers and automotive dealerships. For 3 years the team has been self-funding the developement of the technology and systems solving problems holding back the adoption of DeFi into the antiquated automotive sector by applying NFTs to Auto Smart Loans. Plensy™. 

Plensy’s mission is to replace outdated, discriminatory, and draconian credit scoring and lending systems with a smarter, honest, more ethical, and equitable approach to risk assessment and financing, based on real-time data analytics, artificial intelligence (AI), and blockchain technology using asset-backed Non-fungible Tokens. 

The AI algorithm authenticates protocols and information between the dealership and consumer that are inputted into the Plensy™ DMS (dealer management system) with both transparency and secured methods of verification stored on private and public nodes. Instead of a monolithic credit score often based on outdated or inaccurate information and prone to misuse, Plensy™ evaluates prospective borrowers based on their current buying power and true ability to repay a loan.  

Plensy™ not only brings innovation and a fresh perspective to risk assessment but also revolutionizes the broader credit and finance market by tokenizing with NFTs (converting to a digital format), coined as Smart Loans into programmable, yield baring, new and attractive digital asset class which can be purchased and sold on a state-of-the-art platform cryptographically secured with blockchain technology. The low interest rate that Plensy™ will compete with is desirable among investors looking for a good return on their investments and higher monthly income for dealerships. 

Plensy’s Unicorn pedigree includes addressable market, scalability, unfair advantage, timing coincidence, and its founding team:  

  • Sam Errama, Founder & CEO with 20 years of experience in the Automotive Dealerships and Data Marketing industries,  
  • Murali Margapuri, Co-Founder & CTO with 20 years of experience as CTO & VP of Citibank / Banamex global, and  
  • Brandi Kolosky, Chief Growth Officer with 14 years’ experience in Brand Marketing, Capital Raising, Blockchain & Mining Solutions, Global B2B & B2C Business Development and certified in Innovations in FinTech. 

 

Approximately one hundred twenty (120) dealerships have signed agreements with Plensy™, because of their attention in cross-pollinating and growing the $98B DeFi ecosystem together. Some of the largest automotive groups in the United States, which collectively operate over a thousand (1,000) dealerships, are ready to offer Alternative Financing to their consumers, beating the quota goal before the funding round began. Plensy’s current financial model only predicts 1% of the $1.4 trillion auto loan market (300 dealerships) — proving the Plensy™ model is the future of car buying. There isn’t competition. There is only coopetition. 

This new approach creates a net positive social and economic impact as millions of previously ostracized consumers are welcomed into the marketplace and new financial opportunities are created for both lenders and borrowers.    

In 2015, the US Congress declared credit scoring to be a monopoly controlled by just one organization, FICO. This monopoly provides credit scoring for more than 90% of the top US lenders. FICO’s credit scoring system leaves over 26 million Americans “credit invisible” and an additional 19 million un-scorable.  

Sam Errama, Chief Executive Officer of Plensy™, expresses: ”We intend to disrupt the antiquated automotive financing ecosystem by delivering asset-backed tokenized loans.”” 

More About Plensy™: 

Plensy™ is poised to disrupt several trillion-dollar markets with a simplified, fair, and intuitive points-based lending-system that expands marketplaces, diversifies risk, and streamlines the process for everyone involved. This would have enormous economic and social impacts! 

https://Plensy.com  

For more information on Plensy’s business model or our seed fund, contact Chief Growth Officer, Brandi Kolosky, Brandi@Plensy.com