GAP Alliance, Car Pros, Kunes Auto execs join aftermarket products webinar
Auto Finance News is pleased to announce the lineup for the free webinar “Tapping aftermarket products to improve dealer relations…
UK sets out National Payments Vision
The UK Government has published its National Payments Vision (NPV), vowing to cut through the “regulatory congestion” facing the sector to deliver a world-leading ecosystem.
Credit applications tick up as vehicle-buying intentions remain stable
Cox Automotive chief economist Jonathan Smoke said Tuesday that unique credit applications per dealer on Dealertrack increased 6% year-over-year last week, perhaps reflecting some previously mentioned consumer sentiment trends shared by the Conference Board. In his weekly Auto Market Report, … [Read More]
Morgan Stanley to buy private shares platform EquityZen
Morgan Stanley has struck a deal to buy EquityZen, a trading platform for shares in private companies. Financial terms of the deal were not disclosed.
IFGS 2023: Paul Scully MP pushes for widespread use digital ID in UK
Minister for tech and the digital economy, Paul Scully MP, opened day two of the Innovate Finance Summit 2023 with a keynote on the UK government’s ambition for digital identity.
Thought Machine integrates Wise platform into core engine
Thought Machine has integrated Wise’s international money transfer platform into its core banking engine, Vault.
Central banks must raise game in face of AI – BIS
Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.
Ripple and Circle win approval to open as national trust banks
Digital asset infrastructure firms Ripple and Circle have received conditional approval for its application to establish a national trust bank in the United States.
NatWest Markets eyes big gains in migration to Google Cloud
As it transitions to Google Cloud, NatWest Markets is aiming to build artificial intelligence and machine learning capabilities that can detect financial risks for customers before they arise.
Citi Commercial Bank appoints Gunjan Kalra as APAC head
Gunjan Kalra will take on her new role in September 2023, and will report to the global head of Citi Commercial Bank (CCB) Tasnim Ghiawadwala and APAC CEO Peter Babej.
Auto rejections reach second-highest rate recorded in October (Big Wheels)
Auto loan rejection rates soared to the second-highest percentage recorded for October in more than a decade amid rising consumer…
Revolut’s Storonsky in line for whopping bonus if firm triples valuation
Revolut boss Nik Storonsky coud be in for an Elon Musk-style payday if the British fintech firm triples its valuation to $150 billion.
DBS tokenizes treasury management for Ant International
Singapore’s DBS is collaborating with Ant International on a blockchain-based tokenization project for 24/7 intra-group treasury and liquidity management.
Santander commits to €100 million fund for Spanish startups
The bank plans to contribute €67 million to the €100 million venture debt fund that will be created with Inveready Asset Management.
UK watchdog clears Global Payments’ $22.7bn Worldpay acquisition
The UK’s Competition and Markets Authority (CMA) has cleared Global Payments’ $22.7 billion deal to acquire Worldpay.