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Latvian fintech startup Handwave raises $4.2 million for palm payments

Latvian fintech startup Handwave has raised $4.2 million in seed funding to launch its palm-based payment and identity platform in Europe and the US.

E-contracting origination volume jumps 37%

Digitally originated auto loan contract volumes increased during the first quarter amid strong vehicle sales. The number of auto…

Transak gains Delaware Money Transmitter License and FINTRAC registration

Transak has received its second Money Transmitter License (MTL) from the US state of Delaware, while also gaining registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

How new tool from AT&T and TransUnion could help collectors

In an expected move, the Federal Reserve left the target range for the federal funds rate at 4.25% to 4.5% this week when policymakers had their latest opportunity to modify interest rates. While Fed chair Jerome Powell said policymakers will … [Read More]

F&I Sentinel hires 2 software engineers to reinforce compliance software

F&I Sentinel might have its platform based in the cloud, the service provider is making sure it has the human resources it needs to function correctly. This week, F&I Sentinel announced the addition of experienced software engineers Ryan McCauley and … [Read More]

Vroom: Compressed margins, tanking sales foreshadowed downfall

Compressed margins and plummeting sales volumes coupled with a capital-intensive business model, led to the downfall of Vroom, the automotive…

Commerzbank combines generative AI and avatar technology to create new digital assistant

Commerzbank is releasing an AI avatar called Ava to interact with the German lender’s private and small business customers in “natural and engaging conversations”.

Barclays invests in financial software development platform Beacon

Barclays has joined in a Series A funding round for Beacon Platform, which offers a a suite of applications for financial software development teams.

Circular economy fintech Twig shuts down

Twig, a London-based ‘circular economy’ fintech is closing down after failing to raise funding.

Intellaegis adds Edmonds to consulting team

Intellaegis, which does business as masterQueue, announced on Wednesday that it has signed a consulting agreement with former Santander Consumer USA senior vice president and director of business control and risk management Kelli Edmonds. One of the 2020 Women in … [Read More]

Used-vehicle values climb 1.7%

Wholesale used-vehicle values climbed year over year in August but were flat from a month prior amid shrinking inventory. The…

PODCAST: Experian on the ‘new normal’ of auto finance data

Experian senior director of automotive financial solutions Melinda Zabritski came back for another visit on the Auto Remarketing Podcast. Cherokee Media Group’s Nick Zulovich asked Zabritski if auto finance data is “normal” again after pandemic anomalies. Listen to Zabritski’s intriguing … [Read More]