Leasing reaches 35% of new EV purchases
Leasing has become an attractive option for EV consumers, nearly tripling in the first quarter from a year ago. ….
Ripple pays $200m for stablecoin firm Rail
Ripple is buying Toronto-based stablecoin payments platform Rail for $200 million.
Irish association calls for national fintech centre
A lobby group representing Ireland’s financial services sector has called on the government to establish a physical centre for fintech firms.
Used-vehicle values decline 8.9%
Wholesale used-vehicle values declined month over month and year over year in June as sales outpaced the volumes of a…
Banks join forces to develop open standard for electronic OTC trading
A group of leading sell-side banks has set up a working group that will focus on the creation of an open industry standard protocol for client and trader enablement on electronic trading platforms.
Arra Finance to acquire Crescent Bank’s auto-financing division
The short history of Arra Finance already includes some of the most significant moments a new operation can have. The company specializing in subprime auto financing launched in spring 2022, then last summer gained new ownership with an asset management … [Read More]
Wise secures retail payments licence in UAE
UK-based fintech Wise has been granted approval by the Central Bank of the UAE to sell its money transfer and payments services in the Middle East market.
Podcast: ‘Weekly Wrap’ on auto finance growth, powersports earnings
Auto lenders expect 2024 to be a year of growth driven by technology updates and loosening credit standards. Powersports sales…
SocGen makes play to be a data-driven bank
Societe Generale is putting its faith in data and AI to help it transition to, and prosper in, the digital age.
Lucid EV deliveries up 38.2% in Q2, Rivian down 22.7%
EV maker Lucid Motors’ deliveries and production climbed in the second quarter, while Rivian faced production, delivery and revenue declines…
Robinhood buys credit card startup X1
Stock trading app Robinhood has agreed to buy credit card startup X1 for about $95 million in cash.
The slowdown in US electric vehicle sales looks more like a blip
After an underwhelming start to the year for US electric-vehicle sales, it might seem easy to conclude that the boom…
Crypto firm KuCoin integrates with Brazil’s Pix
Crypto platform KuCoin has integrated its payments arm with Brazil’s instant payments platform PIX.
Securitized auto loan delinquencies surpass historical levels
Sixty-plus-day delinquencies reached the highest July level since at least 2011 as losses across prime and nonprime securitized auto loans…
Banks choosing to build and not buy tech, suggests survey
Corporates’ demands for digital services are leading a majority of corporate banks to look in-house when building their technology stack, according to recently published research.