Used-vehicle values decline 3.9% year over year
Wholesale used-vehicle values increased month over month but are down from a year ago amid strong sales and tight supply. …
Revolut set for Indian launch
Revolut will launch its payments platform in India later this year, targeting 20 million customers in the country by 2030.
BX Digital to roll out DLT-based settlement system for digital assets in Switzerland
BX Digital, a subsidiary of Boerse Stuttgart, has received conditional approval from Swiss market regulators to operate a blockchain-based settlement system for digital assets.
Paystand acquires stablecoin network Bitwage
Blockchain-enabled B2B payments company Paystand has acquired cross-border stablecoin payments network Bitwage
Pricing strategy key to Credit Acceptance growth, CFO says
Credit Acceptance Corp.’s pricing strategy has been key to the subprime lender’s continued growth despite ongoing volatility that has seen…
Boerse Stuttgart launches pan-European settlement platform for tokenized assets
Boerse Stuttgart is rolling out Seturion, a pan-European, blockchain-based platform for the settlement of tokenized assets, within and across national borders.
Bank of America originations down 6%
Bank of America’s auto originations rose in the first quarter while credit performance continued to normalize and commercial loans to…
Resolvion & RDN integrate to smooth database processes for agents
Resolvion made another technology-driven move on Tuesday aimed at making repossession complexities smoother for both its employees and its network of agents. The provider of national repossession management, skip-tracing, remarketing, license plate recognition, heavy equipment and specialty recovery announced today … [Read More]
The impact of Covid-19 on the economy, banks and fintechs
Covid-19 has landed, unforeseen and unwanted. Communities across the world are now taking extraordinary measures to contain its threat.
US recurring jobless claims jump to highest since end of 2021
Recurring applications for US unemployment benefits rose to the highest since the end of 2021, adding to evidence that it…
Nymbus raises $12m
Cloud-based core banking provider Nymbus has raised $12 million in a financing round led by major shareholders Insight Partners and Vensure Enterprises.
Hyundai Capital leasing returns to pre-pandemic levels
NASHVILLE — Hyundai Capital’s leasing volume has returned to pre-pandemic levels as leasing continues to drive consumer loyalty for the…
AFSA looking for stability as Senate considers Fed governor nomination
The American Financial Services Association is hoping the latest round of bluster on Capitol Hill quells soon, so the Federal Reserve can stay focused on its purpose of setting interest rates. AFSA shared its views in a blog post last … [Read More]
High-income auto consumers at risk for default (Under the Hood)
A $2,400-a-month payment was enough to derail rapper MC Hammer’s auto loan, prompting JPMorgan Chase Bank to file suit for…
ACI acquires tech assets for omnichannel payments offering
ACI Worldwide has bought technology assets from RevChip and TranSend to boost its UP Merchant Payments offering with new cloud-based, omni-channel in-store capabilities.