Financial Cloud Summit 2024: First speakers announced!
The 2024 Financial Cloud Summit is set to take place on March 7th, 2024 at King’s Place in London.
CIBC to hire 200 data and AI specialists
Canadian bank CIBC is set to hire more than 200 data and artificial intelligence roles over the next 12 month
Thought Machine names ex-HSBC COO Maguire chair
Cloud-native core banking provider Thought Machine has appointed former HSBC group chief operating officer Andy Maguire as chair.
Carputty launches Flexloan in partnership with Westlake to reach more non-prime consumers
On Tuesday, Carputty announced the launch of Flexloan, a new product that the fintech company said “significantly expands” the namesake’s addressable market. In partnership with Westlake Direct, a division of Westlake Financial, Carputty has introduced Flexloan, which is a product … [Read More]
Auto defaults make largest rise so far in 2022
Here’s another piece of auto finance industry data to consider as you close the books on another month and quarter. While perhaps still relatively modest, auto defaults made their largest month-over-month rise so far this year. According to data from … [Read More]
Crypto exchange Bittrx agrees $24m SEC settlement
Crypto outfit Bittrex has agreed to pay $24 million to settle SEC charges that it operated an unregistered national securities exchange, broker and clearing agency.
Weltman, Weinberg & Reis adds attorneys in Detroit & Pittsburgh
Weltman, Weinberg & Reis hired two more attorneys this month, as the full-service creditors’ rights law firm bolstered its offices in Detroit and Pittsburgh. Joining the firm in the Motor City is Tyra Page, who was born and raised in … [Read More]
Tenity buys startup accelerator Hackquarters
Tenity, an early-stage investor in fintech and insurtech firms that has also built up an “innovation ecosystem”, has acquired Hackquarters, a startup accelerator with a strong presence in fintech.
Experian spots ‘natural’ reaction to higher interest rates in Q4 data
Sometimes a trend surfaces in the car business that’s “natural,” like what Experian noticed after compiling its auto finance data for the fourth quarter. According to Experian’s State of the Automotive Finance Market Report released on Thursday, the average interest … [Read More]
Union calls for ICO investigation into Lloyds’ use of staff bank data during pay talks
A union representing Lloyds Banking Group employees is asking the Information Commissioner to investigate the lender’s use of staffers’ personal current account data as part of its pay negotiations.
Top 5 powersport stories of 2024
The powersports industry is gearing up for an improved retail environment in 2025 following a year of weakened consumer sentiment…
JPMorgan leads quantum computing arms race
JPMorgan is far and away the market leader in tackling the threats and opportunies for banks presented by advancements in quantum computing, according to research published by benchmarking platform Evident.
United Fintech adds Athena to portfolio
United Fintech, an outfit dedicated to hoovering up a stable of capital markets fintechs, has bought a 25% stake in Athena Systems, a US provider of investment decision support and automation software.
Another subprime lender, Bayside Credit, stops originating loans
Irvine, Calif.-based auto finance company Bayside Credit is no longer originating auto loans, representatives for the company confirmed to Auto…
Castlelake to buy up to $2.5 billion of Pagaya consumer loans
Castlelake LP has agreed to purchase as much as $2.5 billion of consumer loans from financial technology firm Pagaya Technologies,…