Apex Clearing to go public via Spac
Custody and clearing fintech Apex Clearing is set to go public via a Spac with blank-check company Northern Star Investment Corp II in a transaction valued at $4.7 billion.
Vroom to expand UACC near prime originations
Vroom plans to expand United Auto Credit originations in near prime following a pilot program as part of the company’s…
Tandem acquires green lender Allium
Tandem Bank has acquired Allium Lending Group, a leading green loans company, as part of a £60million fundraising deal that was finalised last week.
North Korean hackers cash out $300 million from ByBit heist
North Korean hackers have successfully cashed out $300 million from the record-breaking $1.5 billion crypto heist of ByBit Exchange.
FTC accuses Dave of misleading marketing and hidden fees
The Federal Trade Commission has filed a complaint against fintech Dave for using “misleading marketing” and charging “surprise” fees for its cash advance service.
London fintech startup Brava launches stablecoin management system
Brava, a London-based startup, has gone live with a set-it-and-fogert-it stablecoin management system for streamlined yield generation.
Government vows to make UK ‘fintech capital of the world’
The UK government is promising bespoke support for financial technology firms as they start, scale and list as it vows to make the country the “fintech capital of the world”.
NAF Association highlights success of first C-Suite Retreat
The National Automotive Finance Association celebrated the success of its newest in-person event — the C-Suite Retreat in San Antonio. The association highlighted its private gathering offered a rare opportunity for CEOs and senior leaders to collaborate on addressing the … [Read More]
Auto originations projected up 12% to 20% during tax season
Auto loan originations are projected to jump in the coming months as tax refunds pull consumers from the sidelines, boosting…
Latest 700Credit alliance is with Fuse Autotech
Another alliance involving 700Credit surfaced this week to help dealerships digitize their car sales, enabling their teams to retail and finance cars more efficiently. The latest move by the provider of credit reports, compliance solutions, soft pull, identity verification and … [Read More]
US payrolls rebound from storms and strikes, rising by 227,000
The US job market returned to health last month after a storm- and strike-constrained October, with a solid advance in…
Citi appoints CEO as chair of the board
US investment bank Citi has named its current CEO, Jane Fraser, as chair of the board of directors.
Top 10 states where rates on auto financing are rising most
For individuals residing in Wyoming, they’re having to “cowboy up” for their auto financing, according to new research shared on Thursday by WalletHub. WalletHub recently reported average interest rates on auto loans aren’t rising evenly across the country. To identify … [Read More]
Off the Lot: Rethinking lending in a post-tariff world
Auto lenders need to adjust their approaches amid auto tariffs and sweeping layoffs. Higher-than-anticipated tariffs, as well as the disruption…
SimCorp to buy AIM Software for EUR60m
Danish investment management technology firm SimCorp has struck a deal to buy data management specialist AIM Software for EUR60 million.