Wells Fargo commercial book grows, floorplan utilization dips amid tariffs
Floorplan financing has slowed in recent months following an uptick earlier this year amid higher inventories prior to impending tariffs…
CommBank reverses plan to replace call centre staff with AI
Commonwealth Bank of Australia has rowed back its decision to cut 45 contact centre jobs after finding that the AI-powered “voice-bot” designed to reduce calls actually led to an increase in work for humans.
Hackett joins F&I Sentinel advisory board
For the second week in a row, F&I Sentinel added to its human resources. Last week, the compliance solutions provider with respect to the financing of F&I products reinforced its executive team with two former team members at F&I Express. … [Read More]
China-Indonesia cross-border QR payment linkage pilot launches
UnionPay International (UPI) is piloting a cross-border QR payment linkage between China and Indonesia.
Saudi fintech Hala raises $157m
Hala, a Saudi Arabian fintech that provides embedded financial services to micro, small and medium enterprises, has raised $157 million in a Series B funding round.
BVI survey attempts to woo cross-border fintechs
Fintech’s international expansion plans are being thwarted by a fragmented regulatory landscape, according to recently published research designed to promote the role of international finance centres (IFCs).
DOJ lawyer From Google advertising case picked for key FTC job
A leading trial attorney who helped file US antitrust lawsuits against Alphabet Inc.’s Google and Apple Inc. is set to…
PODCAST: Meet the Metreys, a father-son pair deeply involved in auto compliance
There are scores of examples in automotive where the parent handed over the family business to a son or daughter or they followed the same professional path. Auctions, dealerships, and service centers come to mind. But what about the legal … [Read More]
Hyundai Capital America takes ‘measured’ approach to insurance rollout
Hyundai Capital America is building out its insurance program after rolling out options last month. The captive in April launched…
OCC taps DLT for securities lending infrastructure
Equity derivatives clearing organisation OCC has selected Axoni to help it replace its securities lending infrastructure with distributed ledger technology.
MarineMax F&I revenue up 8.2% amid declining boat margins
Marine retailer MarineMax’s finance and insurance revenue increased in the third quarter of its fiscal year 2025, though total revenue…
Details of new awards program from Open Lending
Following up from its recent Executive Lending Roundtable, Open Lending announced the launch of what the provider of contract analytics, risk-based pricing, risk modeling and default insurance called the Open Lending Economic Vehicle Accessibility Awards (EVAAs). The company said this … [Read More]
FNZ acquires Germany’s Fondsdepot Bank
Wealth management platform FNZ has acquired German credit institution Fondsdepot Bank.
GM Financial CEO Dan Berce to retire
GM Financial Chief Executive Dan Berce will retire in mid-April after 35 years with the lender. Dan Berce (Courtesy/GM Financial)…
Singapore Fintech Festival 2022: MAS MD Menon equates fintech transformation to Wu Xing
Day two of Singapore Fintech Festival kicked off with Ravi Menon, managing director of the Monetary Authority of Singapore on the global plenary stage highlighting that innovation and digitalisation of financial services has marched on, gathered pace, and has become more pervasive.