FCA taps OneMarketData for market surveillance
The UK’s Financial Conduct Authority (FCA) has picked OneMarketData for the provision of a new cloud-based market surveillance and visualisation system.
Automaker stocks rise after Fed signals potential cuts
Domestic auto manufacturers’ stocks ticked up at the end of last week after the Federal Reserve signaled interest rate cuts…
Regtech docStribute raises £820k
Distributed Ledger Technology-based regtech docStribute has raised £820,000 from a gaggle of angels in a pre-Series A funding round.
Skyla Federal Credit Union speeds up digital onboarding by 70%
Skyla Federal Credit Union switched consumer loan operating systems in July to meet growing demand for digital loan applications. “We are…
Nationwide partners Swindon Institute of Technology to deliver apprenticeships
Nationwide Building Society has teamed up with the new Swindon Institute of Technology to recruit apprentices in area such as cybersecurity, software development and DevOps.
Auto data roundup: July defaults & August average interest rates
Multiple sources of auto-finance data and more intriguing economic trends surfaced in recent days, with experts touching on defaults, interest rates and the possibility of a recession. Let’s begin this roundup with the auto portion of the S&P/Experian Consumer Credit … [Read More]
Carvana streamlines production as sales rise
Carvana is eyeing improved brand awareness and production efficiency to drive further sales growth into 2025. The retailer has achieved…
Edmunds: Average amount financed for used cars drops in Q3
While new-car financing and delivery still might have remained out of reach for some consumers, the newest used-car financing data from Edmunds released on Tuesday showed some changes in average down payments and the amount financed. Edmunds reported that the … [Read More]
Citi partners YieldStreet to offer investment opportunities to the masses
Digital wealth management platform YieldStreet has struck a deal with Citi to make the bank’s credit investments available to retail investors.
BRP North American retail sales down 18% year over year
North American retail sales for Canadian powersports manufacturer Bombardier Recreational Products fell year over year in its second fiscal quarter…
Santander latest bank to ponder stablecoin play
Bank interest in stablecoins continues to gather momentum, with Santander now reportedly looking into launching its own offering.
Hackers steal $17 million from Central Bank of Uganda
Hackers have breached the Central Bank of Uganda’s firewalls and stolen $17 million from Treasury accounts.
Veros Credit gains strategic investment from ITOCHU International
With an eye toward national expansion among other growth objectives, Veros Credit on Monday announced a strategic investment from ITOCHU International, a global leader in trading and investment. According to a news release, the investment may result in ITOCHU acquiring … [Read More]
CFPB could go away, consumer complaints won’t
ORLANDO — The uncertain future of the Consumer Financial Protection Bureau won’t stop consumers from filing complaints since they have…
S&P Global Ratings: Extensions exceeding pre-pandemic level
Evidently, finance companies are instructing their collections departments to work even harder with customers who are having trouble maintaining their monthly payments. According to S&P Global Ratings’ latest U.S. auto loan asset-backed securities data shared with Cherokee Media Group on … [Read More]