US and UK set up crypto and capital markets taskforce
The UK and US governments have set up a transatlantic taskforce to explore collaboration on digital assets.
Lendbuzz eyes 50% jump in originations
Lendbuzz projects a 50% year-over-year increase in origination volume at yearend 2024 as the company eyes expansion and loosens access…
Polaris’ sales rise 6.9% in the third quarter
Polaris’ sales ticked up in the third quarter, brought on by increases in shipments and off-road vehicle demand. Overall sales…
CFPB auto lending complaints jump 46% in 2023
Consumer complaints submitted to the Consumer Financial Protection Bureau related to vehicle loans and leases increased 46.3% year over year…
SumUp eyes public listing next year
UK card reader SumUp has reportedly called in investment bankers to measure demand for a potential IPO that could value it at £15 billion.
Napier AI lands £45 million in funding
UK financial crime RegTech Napier AI has landed £45m in backing from US-based Crestline Investors.
UK bank fraud losses topped £1 billion last year
Fraud losses in the UK dropped by four percent in 2023, but still topped the £1 billion high watermarket.
Used-vehicle values down 4% year over year (Big Wheels)
Used-vehicle values inched down sequentially and year over year in September as values cooled from pandemic highs but have not…
U.S. Bank indirect loan originations drop 29% YoY
U.S. Bank’s indirect loan originations plummeted in the second quarter as regional and national banks reported improvements in credit performance….
Standard Chartered invests in crypto-asset platform One Trading
Standard Chartered’s investment arm, SC Ventures, has joined a funding round for European crypto-asset exchange One Trading.
PODCAST: Reviewing FTC’s past & present with Terry O’Loughlin of Reynolds and Reynolds
For this episode of the Auto Remarketing Podcast recorded in Las Vegas at this year’s Vehicle Finance Conference hosted by the American Financial Services Association, we share another visit with one of the industry’s great historians: Terry O’Loughlin, who is … [Read More]
As rumors of fraud swirl around Tricolor, what comes next?
The public may remain in the dark for some time on exactly what led to the closure of subprime lender…
UN Secretary-General: Digital finance is the optimal channel to deliver long-term financing of SDGs
The UN Secretary-General’s Task Force on Digital Finance has today launched an Action Agenda that justifies how harnessing digitalisation can empower citizens to be in control of their finances. This will in turn ultimately align with the needs collectively manifested in the Sustainable Development Goals (SDGs).
Irish fintech ZeroRisk raises $4 million
ZeroRisk, an Irish provider of compliance and cyber risk management tools for the payment industry, has raised $4 million in a funding round led by Elkstone.
Schroders invests in WeInvest
Asset management house Schroders is taking a minority equity stake in Singapore-based digital wealth services outfit WeInvest. Terms of the deal, set to be completed in June, have not been disclosed.