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Nonprime auto ABS volume up 21.7%

Nonprime auto asset-backed securitization issuance surpassed last year’s volume year to date even as total issuance trailed year over year. …

ABN Amro-owned neobroker fined €1.6m for paying finfluencers

BUX, the European neobroker owned by ABN Amro, has been fined €1.6 million by Dutch regulators for paying finfluencers, existing customers and comparison websites for introducing new customers.

Finastra announces Hack to the Future 4 winners

Finastra has named the winners of its Hack to the Future 4 annual global hackathon.

FCA selects Aiimi’s Insight Engine for three year contract

Following an extensive evaluation and Alpha testing phase, the FCA has selected UK data firm Aiimi’s Insight Engine to improve the regulator’s data analytics.

Sibos 2025: Why Europe needs the integration of capital markets

In the only Europe-centric session at Sibos in Frankfurt, Swift’s Marianne Demarchi led a conversation titled: “View from the Top: Securing Europe’s financial future – Resilience, autonomy, and global impact.”

Volante raises $66m

Cloud payments fintech Volante Technologies has raised $66 million in a funding round led by Sixth Street Growth.

Pomelo raises $35m for credit-building remittance product

US startup Pomelo has raised $35 million in a Series A funding round for its credit-building remittance app and card.

Japan’s first app-only bank to run entirely on Google Cloud

Minna Bank, Japan’s first app-only bank, is set to open for business in May after acquiring a banking licence from the country’s Financial Services Agency.

PODCAST: Using AI to prevent bias from happening in auto finance

In another episode recorded during this year’s Non-Prime Auto Financing Conference, Informed.IQ director of lending strategies Jessica Gonzalez delved into another way artificial intelligence can help finance companies. Gonzalez explained how AI can help to prevent bias from infiltrating the … [Read More]

Credit Acceptance details strategies to build portfolio that’s currently biggest in its 52-year history

Credit Acceptance chief executive officer Kenneth Booth highlighted the path the subprime auto finance company has enjoyed to getting to its largest outstanding portfolio in its 52-year history. Booth reiterated to shareholders in a letter posted on Wednesday that Credit … [Read More]

US Treasury launches cloud services steering committee

The dominance of a handful of cloud service providers in the financial sector raises concerns about operational resilience and the bargaining power vendors have in negotiations with smaller FS players, according to a US Department of the Treasury report.