Upgrade eyes $1B auto originations by yearend
Fintech Upgrade is looking to double its auto originations in 2025 after finalizing its first full year of indirect auto…
Mastercard unveils cloud POS acceptance tech
Mastercard has teamed up with NMI and Global Payments to launch its first cloud point-of-sale acceptance technology.
FCA sets out BNPL oversight proposals
The UK’s Financial Conduct Authority has provided details of its plans to bolster protections for buy now, pay later borrowers from next year.
Former Tricolor CEO Daniel Chu ‘largely responsible’ for Tricolor fraud, trustee says
Former Tricolor Chief Executive Daniel Chu’s motion seeking sole use of Tricolor’s $15 million insurance designed to fund legal defenses…
Bank of England to form AI consortium
The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.
Australians embrace digital banking as digital wallet use surges
Australian consumers are adopting digital banking services in increasing numbers with 99.3% of transactions taking place over digital channels, including A$160bn in payments made via mobile wallets.
Experian: Banks post auto-finance market rebound in Q1
There’s a new way to revisit that old phrase, “You can take it to the bank.” That’s because dealership finance managers might have been saying those words since Experian highlighted banks reclaimed ground across the automotive finance industry market during … [Read More]
Manheim Used Vehicle Value Index down 5.3%
Wholesale used-vehicle values fell year over year in September across every market segment. The Manheim Used Vehicle Value Index…
Finextra issues call for comment on payments revolution
Finextra is opening a public consultation on the competitive pressures driving the future strategy and direction of banks, as the sector grapples with a series of profound disruptions that are shaking up the once staid payments industry.
Formula Automotive rolls out warranty reimbursement services
Formula Automotive Consulting and Technologies, a new company specializing in warranty reimbursement for automotive dealers, announced the official launch of its consultative services. Spearheaded by fixed operations experts, Formula Automotive looks to solve the pain point of warranty rate disparity … [Read More]
Sustainable blockchain network 5ire secures $100 million Series A
5ire has raised funding from futuristic technology group SRAM & MRAM to be dubbed the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, boasting a valuation of $1.5 billion.
DriveSmart Warranty gives trip to Daytona to winners of online racing campaign
DriveSmart Warranty waved the checkered flag and online race winners will be going all the way to Daytona. On Friday, the administrator of vehicle protection services announced contestant Tucker Minter and streamer Casey Kirwan were the grand prize winners of … [Read More]
Scotland’s fintechs treble in number
The number of fintechs based in Scotland has increased threefold in the last 12 months following an initiative between government, academia and the finance industry designed to boost the sector.
Danske Bank invests in United Fintech
Danske Bank has become the third institutional investor to invest in United Fintech, following in the footsteps of Citi and BNP Paribas.
Barclays engages HPE to deliver private cloud platform
Barclays Bank has contracted with HPE to deliver its private cloud platform as part of a hybrid multi-cloud strategy.