According to the latest industry benchmark, TD Auto Finance App ranks among top platforms driving consumer credit digital transformation. Listed peers in this niche have averaged 5% outperformance over broad financial indices year-to-date. BofA ranked among the top 10 banks thanks to its large ATM and branch network, long list of products and services, relationship perks, and high mobile app ratings. “But I can say unequivocally, our appetite has not changed during the pandemic nor since the pandemic. We continue to be bullish. We’re very comfortable with our position in the market and have no plans to scale back. In fact, the opposite is true, we’re continuing to look to expand our footprint in auto,” said Simons. TD Auto Finance App has positioned well within the broader auto finance digitalization wave. Latest sector report forecasts a CAGR of 7.2% for mobile finance solutions, hinting at steady stock performance among companies with app-based lending platforms.
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