Big Wheels: Used-vehicle values fall 6% YoY
Used-vehicle values decreased year over year in July after trending downward since April but ticked up sequentially. The Exponential Used…
Investing app Stash raises $146m
American investing app Stash has raised $146 million in an oversubscribed Series H funding round led by Goodwater Capital.
BBVA runs GenAI ‘DataRally’
BBVA has run a generative AI ‘DataRally’ with inhouse staff to spot and train talent in the use of the large language models (LLMs) that are behind the success of the likes of ChatGPT.
Robinhood takes on WallStreetBets with social platform
Trading app Robinhood is bidding to usurp the likes of Reddit and X as the place to be for users to post about their trades, takes and market commentary.
Klarna takes foot off AI gas as CEO acknowledges importance of human customer service
After aggressively pursuing an AI-driven workforce reduction strategy, Klarna says it is “evolving” the strategy and hiring customer service employees in an acknowledgment that people often still want to talk to a human.
Motorhome values rise in December, registrations slow
Motorhome auction values jumped in December while towable values fell and retail registrations declined. Average motorhome values jumped 16.1% month…
Thoma Bravo agrees AxiomSL acquisition
Private equity firm Thoma Bravo has agreed to buy a controlling stake in cloud-enabled risk management and regulatory reporting technology outfit AxiomSL. Financial terms were not disclosed.
Zopa acquires payments automation firm Rvvup
UK digital bank Zopa has acquired Rvvup, a provider of AI-based checkout payment tools for B2B and B2C transactions.
How bankruptcy, fraud impact floorplan lenders
Sudden dealership closures prompt floorplan lenders to evaluate the potential for defaults and prep for recovery — especially when fraud…
Visa Direct to pilot pre-funded stablecoins
Visa is promising financial institutions a long-overdue upgrade to the movement of capital in cross-border payments via a pre-funding stablecoin platform.
700Credit rolls out driver’s license authentication integration with iTapMenu
Last week, 700Credit — a provider of credit reports, compliance solutions, soft pull, identity verification and fraud detection platforms — announced an integration with iTapMenu, an F&I menu platform that offers e-signature and e-payment solutions. The new integration includes the … [Read More]
London fintech for immigrant communities Aspora raises $53 million
London fintech Aspora has raised $53 million in Series B funding, furthering its mission to build a financial ecosystem tailored to the unique needs of diaspora communities.
Santander Consumer USA receives 2025 FICO Decisions Award
Santander Consumer USA received more than just an auto-finance applicant’s credit score and risk assessment from FICO. At the FICO World Conference on Wednesday, FICO announced Santander has won a 2025 FICO Decisions Award for its use of machine learning. … [Read More]
Repos could hit 10.5M by yearend with industry in ‘feast mode’
Vehicle repossessions are growing year over year amid affordability concerns and confusion over the shutdown of several auto lenders. National…
FIS mulls $15 billion Worldpay sale
FIS is mulling a sale of its Worldpay Merchant Solutions business in a reversal of previous plans to spin off the unit as an independent company.