Wells Fargo eyes responsible growth of auto amid tariffs
Wells Fargo Auto’s origination volume grew year over year in the first quarter as the bank is prioritizing responsible growth…
Lithia captive originations up 30%
Lithia Motors’ captive finance arm, Driveway Finance, originated $731 million in loans during the second quarter as finance and insurance…
Octopus Ventures to absorb Fintech Growth Fund
Octopus Ventures is reportedly preparing to take over the Fintech Growth Fund, a new funding vehicle for providing growth-stage capital to UK fintechs.
Google taps Santander tech to help firms transition to the cloud
Google Cloud has launched a service, built on top of technology developed by Banco Santander, to help companies migrate from legacy mainframe systems to the cloud.
Westpac launches innovation challenge
Westpac has teamed up with venture technology accelerator BlueChilli to challenge Australia’s startups to develop ways to help the bank’s business customers.
Lunar taps Thought Machine for core banking revamp
Nordic fintech Lunar has selected Thought Machine – the same cloud native core banking technology used by JP Morgan – to modernise its core systems and develop new services across the region.
COP26: The role of investors and greentech startups in delivering decarbonisation
On day two of COP26’s ‘World Leader’s Summit’, Finextra attended European finance consultancy Oxera’s ‘Economics of Climate Change’ session, which brought to life the role that both investors and greentech startups can play in delivering decarbonisation.
Pliant launches corporate card for carbon neutral travel
Berlin-based fintech pliant has unveiled a corporate credit card that promises to ensure fully carbon neutral travel.
Santander unveils expanded auto finance program to support ‘backbone of the US economy’
At a time when many auto finance companies are pulling back on credit availability, Santander Consumer USA rolled out an expanded program on Monday that’s tailored specifically to applicants who can have a great impact on the entire economy. Santander … [Read More]
Federal Reserve head will not step down under Trump
Chairman of the Federal Reserve, Jerome Powell, has stated he will not be stepping down from the position if asked when Donald Trump returns to office.
NextGear Capital salvage, heavy-duty truck portfolios grow 51%
Independent dealer floorplan financing provider NextGear Capital’s salvage and heavy-duty truck businesses have gained steam as floorplan lenders saw growth…
Top 15 models connected with title loans
California-based LoanMart recently shared an intriguing list based on its quarterly activity connected with its title loan business. LoanMart said it generated 36% growth in the third quarter compared to the first quarter, based newly serviced loan volume associated with … [Read More]
3 executive moves at EFG Companies
After recently highlighting an employee survey about its positive workplace, EFG Companies expanded its leadership team on Tuesday, reflecting growth opportunities in powersports, dealership training, and profit participation programs. Among the three executive moves, EFG said Adam Ouart has been … [Read More]
Monzo migrates investment accounts to Seccl
Monzo is to migrate its investment and pension product portfolio to Octopus-owned embedded investment platform Seccl.
Citi invests in mortgage infrastructure platform Pylon
Citi has invested in programmatic mortgage infrastructure provider Pylon. Financial terms were not disclosed.