Chase Auto’s Wims Morris takes over as CEO
Chase Auto’s Leslie Wims Morris today has taken over as chief executive and Peter Muriungi leads JPMorgan Chase’s Connected Commerce…
Marqeta to buy TransactPay for European push; makes CEO change
US card issuing platform Marqeta has strengthened its position in the UK and Europe through a deal to buy TransactPay. Separately, Marqeta CEO Simon Khalaf has left the firm and been replaced by current CFO Mike Milotich on an interim basis.
The fintech barbarians are no longer at the gate – they’ve been invited inside
The paradigm of challengers and incumbents should be revisited in the light of widespread collaboration between the two, according to Tony McLaughlin of Citi and Mike Massaro, CEO of Flywire.
Cybercrime marketplace shut down
One of the world’s biggest online marketplaces selling stolen credentials has been shut down following an operation involving a host of law enforcement agencies.
Credit union repo assignments on the rise
Repossession agencies are receiving more assignments from credit unions as delinquencies rise nationwide. Houston-based Automobile Recovery Bureau has seen more…
Credit availability eases again in October
The Dealertrack Credit Availability Index in October posted the largest month-over-month increase in auto credit access since March 2022. Cox Automotive reported this week that the index reading came in at 94.5 in October, up 2.2% from the September reading … [Read More]
Ramp hits $32bn valuation on latest raise
Expense management startup Ramp has seen its valuation double to $32 billion in just six months off the back of a $300 million primary financing round and an employee tender offer.
NatWest partners with EV8 Switch to help UK drivers go green
NatWest has today announced it is teaming up with new space-enabled app, EV8, to support customers in their switch to electric vehicles.
NAF Association reveals its 2025 award winners
Gary Perdue and Suzi Straffon each have something extra special to celebrate this holiday weekend. On Friday morning, the National Automotive Finance Association announced Perdue, who is president of Peritus Portfolio Services, has been selected as the 2025 recipient of … [Read More]
European central banks look to GenAI to improve inflation forecasting
The Bank for International Settlements is working with the European Central Bank and Detusche Bundesbank to explore how generative AI could be applied to improve inflation forecasting.
Visa joins $5 million round in African payroll provider Workpay
Visa has joined a $5 million funding round in Kenyan payroll provider Workpay.
New TransUnion research highlights broad interest in refinancing
The customer who took delivery at your dealership a year or more ago might still like the vehicle but not the monthly payment. With the rates appearing to be on a downward path, TransUnion wanted to gauge consumer interest in … [Read More]
New Hampshire becomes first US state to establish Strategic Bitcoin Reserve
This week, Governor Kelly Ayotte signed House Bill 302 into law, paving the way for NH’S Treasury to allocate up to 5% of public funds to these assets. The legislation is based on a plan by pro-Bitcoin non profit Satoshi Action Fund.
EV lease penetration nears half of sales
Leasing volume continues to be a driving force behind EV adoption, buoyed by federal tax credits and lower monthly payments. …
13 executives among first group of Women in Collections and Recoveries honorees
These women flourish in what might be the most challenging segment of auto finance. The inaugural class of Women in Collections and Recoveries honorees is presented by American Recovery Service (ARS). The 13 honorees come from both large, nationwide companies … [Read More]