Plenty launches fintech platform for millennial couples
Plenty, a financial platform that helps couples discuss, manage and invest their money, has raised $2.75 million in pre-seed capital.
UBS Asset Management launches fund on ethereum blockchain
UBS Asset Management has launched a tokenized money market investment fund built on ethereum distributed ledger technology.
Worldline in talks to sell non-payments unit
French payments processor Worldline has entered exclusive talks over selling its digital services business to tech group Magellan Partners in a €410 million deal.
From the editor: Interesting perspectives from newest members of the FTC
Melissa Holyoak and Andrew Ferguson are the two newest commissioners of the Federal Trade Commission, having been sworn into their positions in March and April, respectively. But Holyoak and Ferguson certainly are not bashful when questioning how the FTC operates, … [Read More]
PODCAST: Reviewing consumer migration trends with Jeremiah Wheeler of DRN & MVTRAC
Senior editor Nick Zulovich spent part of his time in Denver for the North American Repossessors Summit sharing another conversation for the Auto Remarketing Podcast with Jeremiah Wheeler, who is president of DRN and MVTRAC. In light of inflation pushing … [Read More]
RISC Pro fees waived for new members through rest of 2022
Last week, RISC collaborated with MBSi Corp. to deploy VendorConnect, what they called a “revolutionary” compliance management solution that can allow access to a comprehensive list of compliant, vetted third-party vendors in the repossession industry. This week, RISC announced free … [Read More]
Big Wheels: New-vehicle loan rates rise 57 bps
Auto loan interest rates ended April above 8% as rates across new- and used-vehicle loans rose year over year. The…
The Payments Association calls for action to address the environmental impact of digital payments
The Payments Association is calling for the development of a standardised framework that allows firms to meaningfully measure carbon emissions in the digital payments value chain.
Wells Fargo says CFPB ends consent order dating back to 2018
Wells Fargo & Co. said the Consumer Financial Protection Bureau terminated a consent order dating back to 2018 related to…
Social impact fintech Spiral raises $28m for B2B pivot
New York-based startup Spiral has raised $28 million to launch its ‘Impact-as-a-Service’ platform designed to help banks and fintechs embed sustainability and social impact into their businesses.
JPMorgan must face Ray-Ban lawsuit over cyber theft
A New York judge has ruled that JPMorgan Chase must face a lawsuit from the French manufacturer of Ray-Ban glasses, which argues that the bank failed to stop suspicious transactions after cybercriminals looted $272 million from its account.
Banco Sabadell highlights commitment to startup ecosystem
Reflecting the growing trend for banks to partner with young technology companies, Spain’s Banco Sabadell is highlighting its activity in the entrepreneurial ecosystem over the past three years, supplying funding for 2300 growth companies and investing EUR96 million in startups.
Wholesale used-vehicle prices up for first time since August 2022
Wholesale used-vehicle prices rose year over year in November for the first time since August 2022, driven by a decline…
S&P Global Ratings offers 2025 forecast, answers worldwide economic questions
Let’s take a worldwide economic outlook courtesy of S&P Global Ratings, which touched on both domestic and international trends that could eventually impact automotive financing and retailing. Analysts said last week that economic soft landings in many major economies and … [Read More]
ValidMind raises $8.1m for AI risk management platform
ValidMind, an AI and model risk management platform for financial services, has raised $8.1 million in seed funding.