Auto industry players team up to fight digital fraud
Three dealers fell victim to the same sophisticated fraud scheme in just one week. The story, spreading through dealership break…
Lease-end financing: The next lender opportunity (Off the Lot)
Lately it seems every news story is focused on one of the many variables rippling through the economy. Whether it’s…
Startups Plug, Yendo win 2024 Demo Challenge
NASHVILLE — Two winners were crowned during today’s Auto Finance Summit East demo challenge, marking the first dual win in…
PayPal unveils integration with domestic wallets across the world
PayPal has unveiled a series of global partnerships that will connect many of the world’s largest payment systems and digital wallets on a single platform, starting with interoperability with PayPal and Venmo.
JPMorgan could start lending against clients’ crypto – FT
JPMorgan Chase could start lending against its clients’ cryptocurrency holdings, according to the Financial Times.
Stablecoin startup Obita raises $10m
Hong Kong-based stablecoin-powered cross-border payments infrastructure provider Obita has raised over $10 million in an angel funding round.
SAFCO makes another move, hiring new SVP of account services
Southern Auto Finance Co. (SAFCO) continued its string of notable personnel and strategic moves on Tuesday. The latest action is hiring Noel Ortega as its new senior vice president of account services. Prior to joining SAFCO, Ortega served as senior … [Read More]
The last frontier: Dealers focus on aftermarket as margins shrink
Declining vehicle margins have dealers increasing their focus on a main profit center: the finance and insurance office. Lenders, meanwhile,…
Credit union auto growth expected to slow in 2024
Credit union auto lending activity is expected to slow in 2024 following two strong years as rising interest rates prompted…
Nigerian Exchange preps dollar settlement platform for fintechs
The Nigerian Exchange has enlisted the Central Securities Clearing System (CSCS) and Euroclear to help build a dollar settlement platform that will enable tech startups to raise in dollars.
UBS CEO warns of risk from delaying Credit Suisse IT integration
UBS is aiming for a swift and smooth IT integration with recently acquired Credit Suisse, bringing over only 10% of its former rival’s 3000 applications.
Fed stays hypervigilant on inflation while ‘crushing consumer buying power’
Inflation clearly is the focus of the Federal Reserve nowadays. Chair Jerome Powell said “inflation” 20 times during his opening statement after policymakers decided unanimously on Wednesday to maintain the target range for the federal funds rate at 5.25% to 5.5%.
“We understand the hardship that high inflation is causing, and we remain strongly committed to bringing inflation back down to our 2 percent goal,” Powell began during that opening statement. “Price stability is the responsibility of the Federal Reserve. Without price stability, the economy … [Read More]
Goldman Sachs offloads Marcus robo-advisor customers to Betterment
Goldman Sachs continues its retreat from consumer banking, striking a deal to sell its Marcus Invest digital investing accounts to Betterment.
Agora Data president & COO among Dallas Business Journal’s 2025 40 Under 40 for fintech innovation
Matt Burke is one of the best among his peers in Dallas. The president and COO of Agora Data has been named to the Dallas Business Journal’s 2025 40 Under 40 list for his transformative leadership and contributions to the … [Read More]
Ford Credit projects $16B in auto ABS issuance in 2024
Ford Credit expects to issue upward of $33 billion in public funding volume in 2024 and to increase its auto…