Massimo Group eyes electric products, expansion
Powersports manufacturer and distributor Massimo Group plans to expand distribution, launch new products and lean further into electrification following the…
Wells Fargo appoints Kyalo interim auto chief risk officer
Wells Fargo earlier this month appointed Joseph Kyalo as the bank’s new interim auto chief risk officer. Kyalo, who announced…
Podcast: Powersports trends, Tricolor bankruptcy latest and preview of Auto Finance Summit 2025
The powersports industry continues to grapple with volatile market conditions including rising prices, falling sales, waning consumer demand and a…
Mastercard unveils open banking ‘command centre’
Mastercard has unveiled a set of tools designed to make it easy for people to manage how they share their financial data with third parties.
Auto outstandings stagnate in Q3 (Big Wheels)
Auto outstandings industrywide inched up 0.4% quarter over quarter and 0.96% year over year in the third quarter. Motor vehicle…
Net losses rise across prime, nonprime auto ABS
Credit performance across prime and nonprime securitized auto loan pools continued to weaken in June, driven by seasonal consumer spending…
FCA moves to streamline transaction reporting requirements
The UK’s Financial Conduct Authority has set out plans to streamline transaction reporting requirements in a move it says will save firms £100 million a year.
Live: FusionONE 2019 – day one
Welcome to Finextra’s live coverage of FusionONE 2019. This two-day event is Finastra’s first major developer conference, which will see hundreds of developers from fintech companies and banks taking part in a deep dive into FusionFabric.cloud tools and infrastructure.
Flagship asks McKie to lead charge into direct-to-consumer financing
Flagship Credit Acceptance wants to grow its portfolio through its entry into direct-to-consumer financing, so this week, the company hired Rob McKie as chief direct lending officer to lead that endeavor. Flagship highlighted through a news release that McKie brings … [Read More]
Tariffs, affordability, AI and more on the slate at Auto Finance Summit East
NASHVILLE — Changing tariff policies, a pull-ahead in new-vehicle demand in recent months and a potential for worsened credit performance…
Sabadell prepares for Google Glass through ‘Open Apps’ platform
Spain’s Banco Sabadell is inviting third party developers to generate fresh ideas for mobile banking through an ‘Open Apps’ innovation programme, with an ATM location application for Google Glass first off the production line.
Kapital doubles valuation to become Latin America’s first AI unicorn
Mexico City-based AI-powered platform for small and medium-sized businesses (SMBs) Kapital has raised up to $100 million in a Series C funding round that doubles the firm’s valuation to $1.3 billion.
New York Fed sees stability in auto-finance sector but turbulence involving student loans
While student-loan metrics are deteriorating because of changes in federal policies, auto-loan trends are staying stable. That’s two of the primary findings from the Quarterly Report on Household Debt and Credit released on Tuesday by the Federal Reserve Bank of … [Read More]
Doom on an ATM
A team of Australian geeks have rigged up an ATM to play popular shoot-’em-up action game Doom.
Linux Foundation targets climate risk with open source platform
The Linux Foundation has announced plans to user AI-enhanced open source analytics and open data to tackle climate risk and opportunity.