Standard Chartered predicts bitcoin will hit $500,000 in the next three years
Standard Chartered’s head of digital assets Geoffrey Kendrick is forecasting that bitcoin could hit a high of $500,000 over the next three years.
Under the Hood: Fintech investments top $1B
Venture capitalists have pumped $1 billion of capital into auto fintechs through May, nearly double last year’s investment pace, according…
BlackSuit cybercrime gang blamed in CDK hack that roiled car dealers
A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according…
Revolut applies for banking licence in New Zealand
Revolut has applied to become a registered bank in New Zealand.
Chase Auto taps bank channels to support private label partners
Chase Auto uses ATMs, branches and digital channels as well as the bank’s own products to drive business for its…
New Zealand consults on digital cash
The Reserve Bank of New Zealand has opened a consultation on the potential launch of a central bank digital currency.
InterVest to acquire Flagship Credit Acceptance with Landy set to be CEO
The next chapter in Jim Landy’s career in auto finance will arrive through another acquisition involving a lender and an investment firm. Last week, Flagship Credit Acceptance announced that affiliates of InterVest Capital Partners, a New York-based specialty finance investment … [Read More]
Next UK government should make Big Tech pay to fight scams – UK Finance
The next UK government should introduce a bill that forces technology, social media and telecoms firms to contribute £40 million a year to fight fraud and scams, says UK Finance.
Incumbents vs neobanks: Leverage new technology or risk crumbling
Financial institutions are focusing heavily on digital transformation driving innovation, better customer experience and cost reduction as they shift gears from simply meeting regulatory and compliance needs to remain relevant in a digital world.
Podcast: ‘Weekly Wrap’ discussion on sales, incentives
The return of higher supply levels is contributing to an uptick in incentives and increased new-vehicle sales projections. Incentive…
Credit union losses tied to auto fraud reach $1.2B
Falsified income, employment and identities have caused credit unions to lose millions to fraud in the past three years. Credit…
Square pilots cash rounding to help sellers with penny’s demise
As the US stops minting pennies, Square has begun piloting cash rounding functionality with sellers.
Off the lot: New opportunities in a shifting auto market
After the most challenging automobile market most have ever seen, there are signs that parts of the market are returning…
Green Dot breaks up as bank and fintech units get separate owners
Green Dot is splitting up, with group’s bank and embedded finance units being sold to different buyers.
Credit union off-lease purchase volume trends higher
Consumers are buying out their leases amid higher car prices and inflated used-vehicle values. Off-lease purchasing at credit unions has…