Agora Data CEO projects more than $500M in originations
Agora Data plans to grow its origination volume by tapping into opportunities in the “buy here, pay here” space as…
German banks use digital smart contract to trade OTC interest rate derivative
DZ Bank and BayernLB have traded an over-the-counter interest rate derivative in the form of a digital smart derivative contract, with the resulting payments settled daily via Deutsche Börse.
Swedbank buys Barclays’ stake in Entercard
Swedbank is to acquire Barclays’ ownership stake in Nordic card company Entercard for $275 million
PODCAST: Preparing for potential ‘repo-apocalypse’
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Lucky Lopez, who is director of sales with Loanbridge. Lopez, a former dealer who has built a … [Read More]
Twenty7tec buys Meet Parker
British mortgage technology firm Twenty7Tec has acquired AI-based digital engagement specialist Meet Parker for an undisclosed sum.
RockWallet acquires Wyre’s user base
RockWallet has announced its acquisition of Wyre’s full customer base after the cryptocurrency payment platform shut down in June 2023.
LexisNexis Risk Solutions survey emphasizes alternative data importance in subprime
New research from LexisNexis Risk Solutions reinforced how the use alternative data often focuses on deep subprime, subprime and near-prime consumers Last week, LexisNexis Risk Solutions unveiled the findings of its Alternative Credit Data Impact Report, a nationwide survey assessing … [Read More]
Mastercard aims to kill passwords and manual card entry by 2030
Mastercard has set itself the target of using tokenisation and biometrics to eliminate manual card entry, passwords and one-time codes for online purchases by 2030.
US CPI revisions confirm inflation progress at end of 2023
US inflation was about the same at the end of last year as initially reported after incorporating annual revisions, according…
EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth
Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth.
ANZ introduces ‘Digital Padlock’ to lock out cyber criminals
ANZ has introduced a ‘Digital Padlock’, which enables customers to shut down access to accounts if they suspect they are being scammed.
Used-vehicle prices up 2.9% YoY in July
Used-vehicle prices rose year over year in July but were down sequentially, with tariff-induced market uncertainty contributing to pricing and…
Podcast: ‘Weekly Wrap’ on leasing, earnings, sales
Second-quarter bank earnings continue to point to mixed loan production volume and a rise in leasing spurred by EVs. U….
Awards roundup: Accolades for Credit Acceptance, EFG & Western Funding
Credit Acceptance, EFG Companies and Western Funding all announced in recent days that they received awards associated with their operations connected to auto financing. Beginning Credit Acceptance, the company specializing in subprime auto financing said it has been named one … [Read More]
Third of central banks delay CBDC timelines
With Donald Trump banning work on a digital dollar, a central bank survey suggests that while 75% still plan to issue a CDC, nearly a third have pushed back their issuance timeline.