Drop in ABS issuance contributes to weakened industry performance (Big Wheels)
The auto finance industry’s overall performance weakened month over month and year over year in November, driven by a decline…
Rekord raises $2.1m to power credit decisioning
Rekord, a Dublin-based startup building an AI-native orchestration platform for credit decisioning, has raised $2.1 million in pre-seed funding.
Monument Bank partners with Firenze for Lombard lending access
Monument Bank has partnered with Firenze, a fintech offering Lombard lending to wealth managers.
Pan-African card scheme launches
The first Pan-African card scheme has launched in a move designed to bolster the continent’s financial sovereignty.
5 components of Treasury Department’s National Strategy for Financial Inclusion
Last week, the U.S. Department of the Treasury released a new project dubbed the National Strategy for Financial Inclusion in the United States. Treasury officials said they identified objectives and recommendations for policymakers, industry, employers and community organizations to advance … [Read More]
EV maker Lucid surges on $1B lifeline from Saudi investor
Lucid Group Inc. is getting a $1 billion cash injection from its biggest investor, an affiliate of Saudi Arabia’s Public…
Coinbase unveils internet payments protocol for AI agents
Coinbase is resurrecting a long-buried protocol for sending payments over the Internet to create an agentic payments layer that requires no human intervention.
Mastercard brings biometric checkout programme to Europe
Poland is to become the European testing ground for a new biometric checkout programme from Mastercard, using a fusion of facial and iris recognition.
Deutsche Börse backs private market trading platform Forge for European launch
Forge, the operator of a marketplace for trading in private companies, has launched in Europe with the support of Deutsche Börse.
Thieves attach boat-lifting straps to car to rip out cash machines
Heavy-duty strap used to lift boats out of water have been linked to a series of cash machine raids in Worcestershire.
UK payments could be delayed up to three days to prevent fraud
The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.
Motive Partners takes majority stake in Finantix
Private equity firm Motive Partners has acquired a majority stake in Finantix, which provides a bundled set of components and software development tools for financial firms beginning their digital transform journeys.
Rebates lead powersports incentives in August
Rebates on 2025 and 2024 model year vehicles were the most popular powersports incentives in August, as manufacturers began introducing…
BRP’s North American retail sales dip 4%
Continued inventory reduction and macroeconomic headwinds contributed to a dip in Bombardier Recreational Products’ U.S. retail sales in its fiscal…
KBRA, S&P Global Ratings give updates on Tricolor securitizations
Both KBRA and S&P Global Ratings gave updates this week about its ongoing evaluation of securitizations made by Tricolor Holdings, which recently filed for Chapter 7 bankruptcy. S&P Global Ratings suspended its ratings on six classes of automobile receivables-backed from … [Read More]