Ford Credit finance penetration rate halved in China
Ford Credit’s penetration rate in China was nearly halved in the second quarter while the lender’s financing share in the…
PODCAST: APCO Holdings CEO Tony Wanderon
Tony Wanderon had a busy start to 2023, highlighted by becoming CEO of APCO Holdings after it acquired National Auto Care (NAC). Wanderon spent some time during NADA Show 2023 in Dallas for this episode of the Auto Remarketing Podcast … [Read More]
NatWest and Google to boost UK startups with AI tools and training
NatWest is working with Google Cloud to support entrepreneurs on the UK lender’s business Accelerator with access to AI tools, cloud technology, and expert training.
AI workflow startup Model ML raises $75 million
Model ML, an AI-based workflow automation startup for deal teams at financial services companies, has raised $75 million in Series A financing just one year after launch.
European fintech investment increased 10% in 2024
European fintech investment increased 10% in 2024 in a sign of increasing confidence for one of the continent’s leading tech sectors.
Subprime lender First Help Financial put on watch for ratings downgrade
Kroll Bond Rating Agency is eyeing a potential uptick in losses across subprime auto lender First Help Financial’s securitization transactions…
CPS AI voice bot to target collections
Consumer Portfolio Services is using artificial intelligence to improve collections, streamline communication with consumers and fund deals faster. Irvine, Calif.-based…
AutoPayPlus rolls out F&I reporting tool powered by VisionAST at no additional cost to dealers
AutoPayPlus recently expanded its enterprise solution for F&I managers with the launch of AutoPayPlus Reporting, powered by VisionAST. The tool can provide real-time reporting and analytics, empowering decisionmakers with precise data integration into their DMS. AutoPayPlus said the move reinforced … [Read More]
States double down on financial literacy (Under the Hood)
The nation’s largest city is gearing up for an in-school banking program to enhance financial literacy for its 1 million…
Sustainable Finance Live 2023 Sneak Peek: Triodos Bank’s Amandine Tetot
In preparation for this year’s Sustainable Finance Live event, taking place at Events@No6 London on 10 October 2023, Finextra quizzed upcoming speakers on engaging topics that will be discussed at the conference.
Supreme Court rules in favour of Barclays over APP reimbursement claim
Barclays Bank has overturned an appeals court ruling that rendered it potentially liable for a £700,000 authorised push payment scam against one of its customers.
Stripe in talks to acquire stablecoin platform Bridge
Payment firm Stripe is reportedy in advance talks to acquire stablecoin platform Bridge, according to sources cited by Bloomberg.
Commerzbank refocuses innovation unit on sustainability
Commerzbank is rebranding its innovation unit and early-stage investor as part of a sharper focus on sustainability and green tech firms.
Synapse raises $33 million to build the ‘AWS of banking’
Synapse, a San Francisco-based startup aiming to become the ‘AWS of banking’, has raised $33 million in a Series B funding round led by Andreesson Horowitz fund a16z.
New AVP set to join NextGear, which eyes notable growth this year
NextGear Capital is looking to expand its portfolio this year, so the provider of inventory finance solutions serving more than 17,000 independent dealers announced plans to add a new executive. Set to join the team as AVP of corporate operations … [Read More]