GM Financial originations jump 15%
GM Financial’s originations rose in the first quarter alongside General Motors sales. Originations totaled $14.5 billion, up 15.1% year over…
CFPB’s auto finance data initiative could cost lenders millions
The Consumer Financial Protection Bureau is proposing a new annual data collection initiative that, if approved, is poised to cost…
Atom Bank opens Newcastle HQ
Atom Bank has officially opened its new headquarters in Newcastle with the promise of adding 30 employees to its 600-strong workforce.
EBAday 2024: Collaboration is key to fraud management
In one of the closing sessions of EBAday 2024 in Lisbon, panellists Marc Corbalan, VP of RTP analytics at Visa; Erwin Kulk, head of service development and management at EBA Clearing; Simone Löfgen, global head of payment platforms and managing director at Commerzbank; and Kannan Rasappan, founder and CEO of Banfico, explored innovations in cybersecurity in a panel titled ‘New approaches to fraud management’.
Visa in talks over £700m Featurespace acquisition – Sky News
Visa is in talks with Featurespace about a £700 million acquisition of the British financial fraud fighting outfit, according to Sky News.
Auto defaults finish 2022 with largest sequential rise in more than 5 years
Auto defaults closed 2022 with the first double-digit rise in the default rate in more than five years. On Tuesday, S&P Dow Jones Indices and Experian released data through December for the S&P/Experian Consumer Credit Default Indices. The auto rate … [Read More]
F&I Sentinel makes third major move of the summer, hiring VP of account management
A busy summer for F&I Sentinel continued Tuesday, as the provider of tech-enabled solutions associated with F&I products in automotive finance appointed Keishawn Batts as vice president of account management. The company said Batts, who F&I Sentinel described as a … [Read More]
Capital One auto originations jump 23% year over year
Capital One Auto Finance’s originations picked up during the third quarter while delinquencies improved. Auto originations stood at $9.2 billion,…
Robinhood to pay $45 million over multiple regulatory failures
Robinhood is to pay $45 million to settle a range of SEC charges against its brokerage operations.
Are passkeys the future of payment authentication?
As the internet has developed, many of us have become reliant on a varying amount of passwords but our dependence on passwords has given way to just as many security risks. As such, the industry is beginning to turn to passkeys as a new promise of security and ease.
US Department of Commerce puts economic data on-chain
The US Department of Commerce has enlisted Chainlink and Pyth to put macroeconomic data, including GDP, on the blockchain.
Zurich picks Mendix low-code to roll out next-gen solutions
International insurance company, Zurich, has partnered with low-code platform Mendix to roll-out a Terrorism Data Capture solution for automated coverage, among other updates.
Crédito Real USA Finance gains new Mexican ownership
Crédito Real USA Finance (CRUSAFin) — whose roots stem from AFS Acceptance that began originating subprime auto financing with independent dealerships more than 15 years ago — gained new ownership this week. Bepensa Capital announced through a news release that … [Read More]
Bitcoin-backed lending platform Firefish raises $1.8m seed funding
Firefish, a European open marketplace for bitcoin-collateralised loans, has raised $1.8 million seed funding.
Citi veteran Yolande Piazza joins Google Cloud
Former Citi FinTech CEO Yolande Piazza has been hired by Google Cloud to lead the company’s North American financial services sales and customer engineering teams