Powersports sales down 3.7% YoY in May, survey says
Powersports promotions remain elevated in the first half of June on the heels of rising inventory levels, mixed sales performance…
MPE 2024: How are merchants implementing AI in payments?
At the Merchants Payments Ecosystem conference 2024, Chairwoman Anna Maj moderated the session ‘Next-Generation Technologies for Merchant Payments’, speaking to a panel of experts including Bartosz Skwarczek of GZA Capital Group, Galit Shani-Michel from Forter, Bono van Nijnatten from ASOS Payments, and Francesco Burelli of Arkwright Consulting. Maj questioned the panelists on how AI is being used in merchant payments and where AI can take their companies in the future.
Leasing, older vehicle financing gain traction
Affordability challenges are prompting an uptick in leasing and financing of older vehicles as consumers look to lower their monthly…
Pagaya auto volume surpasses $2B run rate
Pagaya Technologies’ auto portfolio grew in the second quarter following the fintech’s launch of new underwriting capabilities and improved credit…
US inflation unexpectedly slows down ahead of tariffs impact
US inflation cooled broadly in March, indicating some relief for consumers prior to widespread tariffs that risk contributing to price…
Coinbase first crypto firm to join S&P 500
Shares in Coinbase jumped in pre-market trading on Tuesday on news that it will become the first cryptocurrency outfit to be included in the benchmark S&P 500 index.
Volkswagen Financial CEO prioritizes leasing, EV strategy, Wells Fargo transition in 2026
Volkswagen Financial Services will lean further into leasing in 2026. Ernst Jan van Eijkelenburg, president and chief executive for VWFS…
Anthropic beefs up Claude for Financial Services
Anthropic, the AI startup backed by Amazon and Google, has expanded Claude for Financial Services with an Excel ad-in and more connectors to real-time market data and portfolio analytics, including from LSEG.
FedNow Service now used by 35 banks & credit unions, 16 service providers
The Federal Reserve is doing more than adjusting interest rates nowadays. On Thursday, the Fed announced that its new system for instant payments, the FedNow Service, is now live. Officials said banks and credit unions of all sizes can sign … [Read More]
August credit availability tightens, ATPs improve
Credit availability declined in August, marking the fifth consecutive month of declines, while average transaction prices fell, signaling better affordability. …
Podcast: Sales, supply, promotions dominate Powersports Finance Summit 2025 discussions
Powersports dealers are working closely with manufacturers to balance supply with a decline in sales and worsened consumer confidence, themes…
Powersports OEMs offer aggressive incentives amid volatile sales
Floorplan curtailments, market uncertainty and increasing inventory are contributing to volatile powersports new-unit sales and incentives despite sustained consumer demand…
MAS establishes Global Finance & Technology Network
The Monetary Authority of Singapore has established The Global Finance & Technology Network (GFTN) a not-for-profit organisation to harness technology, pump-prime startups and foster innovation in the fintech ecosystem.
Propel Venture Partners closes $100m fund
Propel Venture Partners, the BBVA-backed seed-stage venture firm targeting fintechs, has closed a $100 million fund.
Boursorama picks IBM for hybrid cloud strategy
Boursorama has inked a five-year deal with IBM that will see the French online bank accelerate its hybrid cloud strategy.