FCA to open AI Lab
The FCA is launching an AI Lab to work alongside banks, tech firms, academia and consumer groups to explore how AI can be safely and effectively integrated into financial services
UACC to focus on indirect business following Vroom e-comm closure
Despite Vroom winding down its e-commerce used-vehicle sales operations, the retailer’s captive United Auto Credit Corp. maintains that it is…
Sustainable Finance Live 2023 sneak peek: ElastaCloud’s Richard Conway
As Finextra’s annual Sustainable Finance Live conference draws nearer, we spoke to several attendees that are set to speak at the event to take place at Events@No6 in London on 10th October 2023. Richard Conway, CEO of ElastaCloud, shares his views on relevant topics swirling around the sustainable finance sector and gives attendees an insight into his session.
Glenview Finance lands new VP, relationship with RouteOne
Glenview Finance made a couple of moves this week to reinforce its market position; one associated with personnel and the other with technology. Along with bringing aboard a new vice president of business development who previously spent nine years with … [Read More]
Auto stocks fall 2% post-July 4 (Big Wheels)
Auto stocks fell after spiking before Independence Day on the heels of policy shifts and robust incentives by OEMs. The…
Polaris sales fall 23% year over year
Sales worsened in the third quarter for powersports manufacturer Polaris following the company’s efforts to reduce yearend production and shipments…
Big Wheels: Negative equity could impact consumers’ ability to get auto loans
Negative equity is a growing concern for auto lenders as used-vehicle prices come down and consumers look to purchase their…
Trust in Open Banking: Negotiating data liability between banks and TPPs
The breadth and complexity of Open Banking systems involve a web of players interconnected by the core need to access data. Used as the tool by which financial institutions and third parties deliver innovative financial products, the data required is highly personal by nature and brings with it a myriad of challenges on the part of institutions trying to capitalise its on value without taking on too much risk.
Dealertrack Credit Availability Index drops to lowest point in 2 years
Three ingredients that analysts put in the headwind category had more impact than the trio of trends in the helpful category, resulting in access to auto finance credit tightening in April to the lowest point in more than two years. … [Read More]
Off the lot: Visualizing the future of customer communication
No way around it, this is a tough market. Interest rates have been higher for longer, putting pressure on margins,…
PODCAST: Where finance companies now are seeking human expertise
Automotive Personnel founder Don Jasensky paid another visit to be on the Auto Remarketing Podcast for a discussion about the employment front. Jasensky shared his perspectives with Cherokee Media Group’s Nick Zulovich about which departments finance companies are looking to … [Read More]
Santander to take in-house-built tech platform global
As it rolls out a cloud-based in-house-built technology platform in the US, Spanish banking giant Santander is already planning to introduce the system around the world.
John Wise appointed chairman of ESG Book
Serial fintech entrepreneur John Wise has been appointed chair of sustainability and data technology startup ESG Book.
Group 1, Sonic Auto F&I revenue, sales rise
Group 1 Automotive and Sonic Automotive reported upticks in finance and insurance revenue and sales during the first quarter. Group…
PODCAST: Used Car Week Hall of Famer Becky Igo of Allied Solutions
Becky Igo remembers the first few business trips she made going to industry conferences at a time when things like pay phones and fax machines were critical business-development tools. Now more than four decades later, the regional vice president for … [Read More]