Bringing Outside Thinking into Banks & Auto Management — Ingest Citi Ventures Exec on The Future of VC and Fintech

What you should do:

Lis­ten, watch & take in what Vanes­sa Col­lela of Citi Ven­tures is say­ing:

What to look for:

Biggest chal­l­lenge to Auto Man­age­ment: Bring in out­side think­ing

Many great ideas but how to adopt, nav­i­gate, & posi­tion

Fin­tech infra­struc­ture involves cyber­se­cu­ri­ty, machine learn­ing

Block chain may be panacea for bank prob­lems & future

Entre­pre­neurs bring­ing in new ideas and solu­tions

News You Need to Know

Auto Industry Crisis Or Not?–57M Vehicles on the Road With Open Recalls

Why is this a potential BIG problem for OEMs & Owners:

Scary Fact: One out of every five cars that you pass are on Recall
OEMs & Dealers seem to accept this situation
Is this a crisis or an accident waiting to happen.
Carfax keeps talking about effort to get vehicle back to dealership
Busy owners with life balance issues is excuse for not responding

The Possible Implications of the Continued DisInterest by OEMs:

What about law suits over an accident with Recall vehicles
Is Industry, OEMs. & Dealers not taking action? Lawyers?
Crisis in the making? How do we wake people up?

Action: See Carfax Release and Take the List seriously at your own peril

The Real Management Issues Confronting Auto Industry Associations in Next 3 to 5

An Industry Conference Agenda prompts this particular List of Issues & disruptive changes that will require visionary solutions:

1) Impact of Insurtech, Fintech, and CarSharing on the Dealer and Vehicle Lessor Business Model
  2) Disruption of automotive business model from & about AI, Machine Learning, & Blockchain 
3) Evolution of a Total Transportation Management Business model for automotive retailers 
4) Increasing decline of vehicle ownership and use of alternative means of & for moving about 
5) Increasing role and transitory strategy of lease funding and lease management
6) Impending Exposure of Sexual Harassment, Discrimination, & Gender Inequity in the U.S. Automotive Market Infrastructure. 

Editorial Note: This list aggregated by the publishing team at AIN Media prompted dialogue with NVLA [National Vehicle Leasing Association] about the agenda for forthcoming conference _______________________________________________________________________________________________

Women Control 80% of Consumer Spending But Only 11% Are Ad Creative Directors.

What was & still is the Problem with Women in Creative?

Women are not yet creating & directing content in advertising
Lack of female creative leadership in agency & OEM marketing
Opportunity for agencies, clients, & industry

What has and is the impact of 3% Movement on Marketing to Women & to Total Audience?

3% Movement now in conferencing, MiniCons, Certification, Research
7th annual Two day fall conference coming in November in Chicago
Online community of 35,000

To begin to see the scope and impact of the 3% Movement, go to

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Upcoming Industry Events

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Industry People

Sugato ChattopadhyayDirector of ITUpdatePromise - 12/31/1969

Mr. Chattopadhyay joins the UpdatePromise team with over 25 years of Global IT experience with Companies such as HP, Apple, Cognizant and Accenture.

Chattopadhyay will leverage his knowledge and experience in areas such as artificial intelligence, blockchain and other leading-edge technologies to further the mission of UpdatePromise, which is to positively impact millions of consumers’ lives, one industry at a time.

  The addition of Chattopadhyay to the UpdatePromise team is one of several key strategic plays the company has made in recent months as it continues to execute on its Global Consumer Experience vision.

CEO and President Curtis Nixon said:

“We are excited to have Mr. Chattopadhyay join our team. His commitment to improving products, services and companies through innovative and cutting-edge technology is directly in line with our mission here at UpdatePromise.” 

  How Mr. Chattopadhyay view his new position:

“If you look at today’s world, it’s all about innovation through data—it goes into everything, whether it’s IOT or just plain internet, and it’s what you make out of the data to better serve your customers that differentiates great companies from average companies.”
“Research and development is something I love doing, and that’s one of the things that attracts me [to UpdatePromise], because there’s so much scope for innovation, which is my passion as well as the company’s, to innovate side by side with our clients and consumers.”

  Mr. Chattopadhyay will lead UpdatePromise’s upcoming launch of the next round of innovation to be released at National Automotive Dealers Association (NADA) Expo
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Weekly Industry News Poll

What Should Equifax do about the Hack of Consumer Credit Files?

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