GM Financial Collaboration with Spring Labs Demonstrates Commitment to Improving Industry Data Standards and Preventing Fraud

FORT WORTH, Texas–(BUSINESS WIRE)–GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”)
today announced its collaboration with Spring Labs as part of its Spring
Founding Industry Partners (“SFIP”) Program, which will drive improved
data management standards to help address critical auto finance industry
issues like identity verification and synthetic identity fraud.

As the captive finance arm for General Motors and one of the world’s
largest auto finance providers, we are continually innovating and
evolving our fraud prevention and detection capabilities to better serve
and protect our customers and dealers,” said Mike Kanarios, Chief
Strategy Officer at GM Financial. “Today’s announcement underscores our
commitment and investment to advance these efforts, and we are pleased
to collaborate with Spring Labs as a member of the SFIP program.”

The SFIP program brings together financial institutions, data furnishers
and technology partners to collaborate on research, development and
implementation of Spring Protocol, the company’s blockchain technology
network, prior to its public launch. Ultimately, this network is
designed to transform how information and data are shared globally.

We are excited to partner with GM Financial to create solutions on our
developing network to address vexing economic problems such as identity
fraud,” says Adam Jiwan, CEO of Spring Labs. “We look forward to
announcing additional significant partnerships in due course.”

About GM Financial

General Motors Financial Company, Inc. is the wholly-owned captive
finance subsidiary of General Motors Company and is headquartered in
Fort Worth, Texas.

About Spring Labs

Spring Labs (Springcoin Inc.) is a technology company building the
Spring Protocol, a blockchain-based network that enables network
participants to exchange valuable information without sharing underlying
source data. The initial use case for the Spring Protocol will
facilitate the exchange of identity, fraud, and risk information among
financial institutions to create a more efficient, transparent, and
secure ecosystem for consumer financial data than the one that exists
today. Spring Labs was founded in 2017 and has offices in Chicago & Los
Angeles. To learn more, visit SpringLabs.com.

Contacts

Lane Borrello, GM Financial
Office: (817) 302-7525
Mobile:
(817) 781-7779
Lane.Borrello@gmfinancial.com

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