Dealers find financing workarounds amid CDK cyberattack
Some auto dealerships were affected more than others after a cyberattack struck dealer software provider CDK Global today, the second…
Bank of England mulls shelving of digital pound
The Bank of England is considering shelving plans for the creation of a digital pound amid growing scepticism over the project’s benefits.
Experts give auto-finance outlook after another Fed rate cut & Trump election victory
It’s been a busy week. Donald Trump claimed victory in his bid to return to the White House on Tuesday, and the Federal Reserve cut interest rates again on Thursday. Those developments might not directly impact the vehicles your dealership … [Read More]
Fintechs enter new stage of profitability – report
The global fintech has enetered a new chapter defined by a rise in profitability and the emergence of scaled fintech and an “intensified focus on profitable growth”.
2 more auto settlements with Massachusetts AG approach $8M
It might be a different elected official serving as the attorney general in Massachusetts, but the top member of the commonwealth’s law enforcement establishment took two swift actions in the automotive space within the space of four days last week. … [Read More]
Barclays to host CBDC hackathon
Speaking exclusively with Finextra, Barclays has announced it will host the ‘Barclays CBDC Hackathon 2022’ later this year, to promote the emergence of new technologies in large-scale banks.
High prices, rising debt add to ‘affordability crisis’
New-vehicle affordability was flat in September as consumers faced ongoing challenges related to high prices, elevated interest rates and rising…
Open Lending adds another insurance provider to boost Lenders Protection
Open Lending Corp. is looking to help consumers land both auto financing and car insurance. The provider of risk analytics solutions for financial institutions announced on Wednesday a partnership with Securian Financial Group in a move designed to enable Open … [Read More]
APCO breaks into the glass world by acquiring Crystal Fusion Technologies
APCO Holdings continued to grow on Wednesday, announcing the acquisition of Crystal Fusion Technologies, which is a provider of automotive glass protection solutions. The provider and administrator F&I products and home to the EasyCare and GWC Warranty brands said this … [Read More]
Wall Street names announce stablecoin plans
Two of the biggest names on Wall Street are seemingly about to enter the stablecoin market based on comments made by their senior executives.
UAE to build CBDC and card scheme
The United Arab Emirates is planning to launch a CBDC and domestic card scheme as part of a wide-ranging financial infrastructure transformation programme.
Fujitsu partners with Palantir Technologies to boost business transformation
Sustainable digital transformation company Fujitsu has allied with Palantir Technologies to boost business transformation in Japan and solve societal challenges.
Residence document recycling scam spans seven lenders
The discovery of a sophisticated fraud pattern involving the deliberate reuse of residence documents across multiple auto loan applications highlights…
MBSi partners with Loanbridge to expand vehicle data offerings
Soon after gaining a new client relationship in the credit union market, MBSi landed a partnership to drive vehicle recoveries and efficiency via what the company called near-time data. On Wednesday, MBSi and Loanbridge announced a new partnership to integrate … [Read More]
UNICEF turning to cryptocurrency in fight against Covid-19
Global children’s charity UNICEF is looking to greatly expand its use of cryptocurrency as it aims to respond to the demands of donors and better support companies around the world in their fight against the effects of Covid-19.