BitMine stock falls after CEO change and board appointments
AUSTIN - Open Lending Corporation (NASDAQ:LPRO) announced Thursday the launch of ApexOne Auto, a new decisioning platform designed to serve the full spectrum of auto borrowers.
The platform combines automation, data, and analytics to help lenders make faster credit decisions while maintaining risk management practices. According to the company, ApexOne Auto delivers real-time decisioning and is built on Open Lending’s expertise in scoring, pricing, and risk modeling.
"With ApexOne Auto we are breaking through credit spectrum silos and giving our partners a true one-stop decisioning engine that drives growth while mitigating risk," said Jessica Buss, CEO of Open Lending.
The company stated that the platform is designed to integrate with existing loan origination systems and complements Open Lending’s broader suite of solutions. Early adopters of the platform include regional credit unions, with one consumer lending manager reporting that "the integration with our LOS exceeded expectations."
Open Lending, which has operated for 25 years, provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout the United States.
The announcement comes as financial institutions seek more comprehensive tools to evaluate borrowers across different credit profiles in the evolving auto lending market.
The information in this article is based on a press release statement from Open Lending Corporation.
In other recent news, Open Lending Corporation reported financial results for the second quarter of 2025, exceeding analyst expectations. The company achieved an earnings per share of $0.01, surpassing the forecasted -$0.01, and reported revenues of $25.3 million, higher than the anticipated $23.82 million. These results highlight the company’s strong performance during the quarter. Additionally, Open Lending announced the appointment of Todd C. Hart to its Board of Directors as a Class II director. Hart brings over 35 years of experience in the insurance and financial services industries and will serve on the Compensation and Nominating & Governance Committees. He replaces Adam Clammer, who is stepping down from the board. These developments reflect ongoing changes and performance updates within the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.