Griffin begins build of agentic bank
UK Banking-as-a-Service bank Griffin is opening up access to a Model Context Protocol (MCP) server, providing a way for AI agents to autonomously perform tasks on behalf of customers.
30-day auto delinquencies fall 18 bps YoY in Q1
Thirty-day auto delinquencies dropped in the first quarter as average interest rates and monthly payments slid for used vehicles. The…
Auto finance ramifications of Fed pushing interest rates another 75 basis points higher
Cox Automotive chief economist Jonathan Smoke made a pair of noteworthy observations following members of the Federal Open Market Committee (FOMC) deciding unanimously to raise the target range for the federal funds rate by another 75 basis points. “Combined with … [Read More]
BMW leverages AI process mining to improve ops
BMW has expanded its use of data processing provider Celonis’ AI-based data models to increase efficiency and optimize its financing,…
EFG Companies unveils F&I Profit Guarantee to bolster dealers’ bottom lines
Oftentimes, compensation doesn’t arrive unless sales objectives are met or exceeded. EFG Companies is changing that situation. On Tuesday, EFG Companies announced the launch of F&I Profit Guarantee in which EFG compensates new clients if revenue goals are not met … [Read More]
Fero launches embedded personalisation e-commerce tool in UK
Dutch fintech Fero has launched their personalisation e-commerce tool, Checkout Companion, for Shopify-based businesses in the UK.
Payroll and benefits fintech Catch shuts down
Personal payroll and benefits fintech Catch is shutting down after admitting it is not the one to topple a “trillion dollar ecosystem”.
PODCAST: 4 experts on automotive & the economy
Used Car Week 2025 again brought together experts who can explain which parts of the economy impact automotive most. For example, this year’s event included views from Laura Wehunt of Black Book, Tim Gill of the American Financial Services Association, … [Read More]
New Finextra paper explores impact of robo on wealth management
A new research paper, produced by Finextra in association with EPAM, explores the rise of robo and asks how it will further reshape the advisory business and wealth management in the future.
Marlin makes majority stake investment in Napier AI
Marlin Equity Partners has taken a majority stake in UK financial crime RegTech Napier AI. Terms were not disclosed.
Wealthify joins Starling marketplace
Starling Bank has added digital investments from Wealthify to its in-app marketplace, enabling customers to open investment accounts with as little as £1.
CommBank deploys batallion of AI-powered bot profiles to chat with scammers
Australia’s CommBank is turning the table on scammers, launching a fleet of thousands of AI-generated bot profiles to engage with and disrupt criminal networks fleecing consumers.
Capital One auto originations up 28%
Capital One’s auto originations increased in the second quarter as the bank leaned into growth and saw improved credit performance,…
Latin American AR SaaS platform Toku raises $48m
Latin American accounts receivable SaaS platform Toku has raised $48 million in a Series A funding round led by Oak HC/FT.
JP Morgan to charge fintechs for customer data
Fintechs wanting access to banks’ customers’ data may have to pay for the privilege, according to a report from Bloomberg on US bank JP Morgan.