Could CBDCs help prevent fraud?
Mandatory reimbursement for victims of authorised push payment (APP) scams came into full effect under the Payments System Regulator (PSR) at the end of last year.
CFPB sues Synapse for mishandling customer funds
The Consumer Financial Protection Bureau (CFPB) has filed a complaint against Synapse Financial Technologies for allegedly losing customer funds when the company filed for bankruptcy protection.
Open Lending reinforces Lenders Protection with new alternative data attributes
On Wednesday, Open Lending Corp. released the addition of new alternative data attributes for auto finance applicants to more accurately inform the risk score generated by its Lenders Protection solution. Open Lending highlighted that access to expanded criteria from TransUnion … [Read More]
GALR & MVTRAC share important dialogue at Used Car Week
One of the purposes of Used Car Week is bringing various industry segments together for constructive conversations. An example of that outcome surfaced when the Georgia Association of Licensed Repossessors (GALR) announced that it had “productive and forward-looking industry dialogue” … [Read More]
NCA shuts down Scam-as-a-Service platform
The UK’s National Crime Agency has shut down a platform used by hundreds of criminals to defraud victims across the world through the use of spoofed phone calls.
Pagaya auto volume surpasses $1.1B run rate
Pagaya Technologies’ auto portfolio was down year over year in the first quarter but grew sequentially as the fintech continues…
UBS puts digital clone of chief investment officer in branch
Wealth management clients visiting a UBS branch in Switzerland will soon be able to get advice from an AI-powered avatar of the bank’s chief investment officer.
AI task force report: Implications for auto finance and AI fintechs
In December 2024, the Bipartisan House Task Force on Artificial Intelligence released a comprehensive report outlining 66 key findings and…
Chase Auto CEO talks OEM relationships, AI investment
Chase Auto is eyeing growth through expanded relationships with manufacturers and dealers along with improved customer experiences. Chase Auto’s go-to-market…
EToro to launch UK and Europe stock lending programme
In order to identify borrowers and facilitate the stock lending process, eToro will partner with BNY, which will act as the custodian, and stock lending platform EquiLend. This stock lending launch showcases how eToro is currently leveraging BNY’s global clearing platform, offering integrated solutions across US and international clearing, custody, settlement, execution, and financing.
Deutsche Bank settles majority of claims in Postbank case
Deutsche Bank has been in the process of acquiring Postbank since 2008, and has been facing trouble agreeing to a settlement with Postbank shareholders.
JP Morgan backs new Tifin AI-powered wealth management charge
JP Morgan is investing in a new AI-focused venture from Tifin, an umbrella group operating a host of wealth management fintech businesses.
Goldman Sachs boosts transaction banking biz with Fiserv tie-up
Goldman Sachs is looking to scale up its new transaction banking business by teaming up with Fiserv to offer the fintech giant’s clients services, starting with cross-border supplier payments.
Launcher boosts LOS with enhanced access to The Work Number
For the second time in September, Launcher enhanced its technology geared to streamline originations via collaboration with an industry partner. After earlier boosting integrated access to CARFAX Vehicle History Reports, this week the company announced an expanded integration of Launcher’s … [Read More]
Foster’s 40-year career now includes being named Repossession Agent of the Year
Auto finance usually isn’t a dangerous profession. But being a repossession agent certainly can be when delinquent contract holders respond with violence as the recovery professional is tasked with taking back the collateral for failure to stay current on monthly … [Read More]