UOB creates virtual desktop for IT home working
UOB has deployed technology from VMware to provide its team of developers with remote desktops to support the bank’s innovation agenda without disruption due to enforced home working.
Another one bites the dust: Kikapay goes under
Kikapay, an early startup in the UK’s open banking scene, has become the latest fintech to fall victim to changing economic conditions.
LCT partners with Blue Elk Advisors to help with aftermarket product cancellations
Lender Compliance Technologies (LCT), which offers a platform for automotive finance compliance and aftermarket product cancellations, announced a partnership with aftermarket product refund experts Blue Elk Advisors. LCT and Blue Elk Advisors highlighted the partnership is geared to offer auto … [Read More]
Credit tightens again in July as new-car prices soar to record high
As Cox Automotive senior economist Charles Chesbrough noted, credit availability is one of the headwinds against used-vehicle retail sales. While still more available than this time last year, the Dealertrack Auto Credit Availability Index declined for the consecutive month in … [Read More]
Bank of America automates refi, title transfers
Bank of America is automating vehicle refinancing and title transfers on its digital platforms. The new initiative aims to improve…
Wells Fargo enters co-branded agreement with Volkswagen Financial Services in Q3
Wells Fargo and Volkswagen Financial Services entered a multiyear, co-branded agreement in the third quarter. “In the first half…
Transformative regulation finds its feet in 2020
The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.
Location Services adds 8 executives to senior leadership team
Location Services recently hired eight executives in a wide array of specialties to help strengthen the senior leadership team of the recovery management and loss mitigation service company. Bringing 10 to 20 years of experience with them in some instances, … [Read More]
Sustainable food-focused digital mutual bank ready for launch
A new sustainable farm and food-focused digital bank is set to open in the US after raising $24 million in Special Deposit Shares.
New York to host dedicated fintech Hackathon
New York is to be the host city for the first in a series of fintech-specific Hackathons, in which coders from the vendor community come together to develop and present new ideas and software programmes to an audience of venture capitalists.
Toyota sales climb 11.8% YoY in October, Mazda’s sales plummet 32.6%
Automakers saw mixed sales across internal combustion engine vehicles and EVs in October, the first month since the elimination of…
Fintech firm Revenir AI pioneers hassle-free mobile VAT reclaim for travellers
UK fintech startup Revenir AI has developed a white label app for banks to help travellers claim back VAT on purchases made abroad automatically using their phones.
Trump’s tariff, EV orders signal uncertain year for auto market
Executive orders signed by President Donald Trump on Jan. 20 emphasized his hopes to scale back available electric vehicle subsidies…
Citi joins Series A for AI-powered B2B embedded finance platform CrediLinq
AI-powered B2B embedded finance platform CrediLinq has closed a $8.5 million Series A funding round led by OM/VC and MS&AD Ventures.
Deutsche Bank releases API interface for instant payments in SAP ERP software
Deutsche Bank has joined forces with software firm Serrala to launch an API interface for Sepa instant payments for corporates using SAP enterprise resource planning software, taking a step towards real-time treasury.