Black Book: Used-powersports values to normalize by yearend
LAS VEGAS — Motorcycle and other powersports used-vehicle values are on the verge of settling back into historical seasonal trends…
Lynx raises $18m for AI-powered fraud fighting tech
Lynx, a Madrid-based firm using AI to detect and prevent fraud and financial crimes, has raised $!8 million in Seres A funding.
Bank-backed DLT-based CBDC platform Project MBridge reaches MVP stage
The Bank for International Settlements says it multi-central bank CBDC platform, Project mBrige, is ready to accept value added products and new use cases as it reaches minimum viable product stage (MVP).
Wise to move primary listing to the US
Money transfer behemoth Wise is to move its primary listing to the United States, in a fresh blow to the London Stock Exchange.
Moody’s VP: Bring alternative data to the mainstream for greater ESG transparency
The senior vice president of ESG engagement at Moody’s believes the key to driving demand for ESG investments lies in alternative data, of the like used by hedge funds managers and venture capitalists and not generally available in traditional data sets, such as financial statements.
MasterCard unveils MasterPass digital payments service
MasterCard has unveiled MasterPass, a digital service that lets customers use any card or enabled handset to shop online and in the real world.
E-ID firm Authologic raises $8.2 million Series A
Polish identity verification vendor Authologic has closed on an $8.2 million Series A funding round.
Agenda for NARS 2024 now available
The American Recovery Association released its agenda for the 2024 North American Repossessors Summit, which is scheduled for April 11-12 in Orlando, Fla. Along with the annual golf tournament and silent auction to raise money for the Repo Alliance Lobbyist … [Read More]
CFPB seeking more data about repossessions & contract modifications
The Consumer Financial Protection Bureau wants more data from finance companies as an extension of its project started a year ago focused on the number of vehicles repossessed and contract modifications. According to a post recently published in the Federal … [Read More]
Exeter partners with Pagaya to leverage AI tools
Exeter Finance now is leveraging artificial intelligence from Pagaya Technologies to boost underwriting, funding and working relationships with more than 13,000 dealerships in its financing network that often book non-prime paper. By integrating Pagaya’s AI-driven auto product, which includes access … [Read More]
Desert Financial Credit Union chooses MBSi for case management
MBSi announced this week that Desert Financial Credit Union has selected MBSi’s RecoveryConnect platform as its exclusive case management system. With this partnership, MBSi said Desert Financial gains a modern, flexible, user-friendly platform, as well as a trusted partner dedicated … [Read More]
TransUnion: Modest growth in auto finance coming this year
While perhaps not a clip that will set records, TransUnion is expecting some growth in auto financing this year. Previously held back by stubbornly high inflation, rising interest rates and elevated home and vehicle prices, TransUnion said this week that … [Read More]
Microsoft’s Satya Nadella on how to build partnerships ‘beyond two ships passing in the night’
Months after striking a deal with Microsoft to become a ‘cloud-first’ bank and migrate all core applications to the cloud by 2025, Bill Winters, group chief executive of Standard Chartered joins Satya Nadella, CEO of Microsoft at Singapore Fintech Festival 2020 to discuss resilience, the future of digital transformation and why a good partnership is central to achieving this.
Sonic-owned Northwest Motorsport shuts down
Sonic Automotive-owned, used-car dealer group Northwest Motorsport closed its doors Jan. 23, citing market concerns. The Puyallup, Wash.-based dealership ceased…
Citi COO shares responsibility for data overhaul following $136 million fine
Citigroup is stripping chief operating officer Anand Selva of his full responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.