Shawbrook shares rise on LSE debut
Shares in Shawbrook rise more than six per cent on the specialist lender’s first day of trading on the London Stock Exchange.
Citi and SDX announce digital assets plan for private markets
Citi has teamed up with Swiss post-trade group SDX in a bid to develop tokenisation for private market assets.
JPMorgan’s Dimon stresses ‘critical’ impact of AI
In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon has singled out the “critical impact” of AI and the “essential” importance of migration to the cloud.
NADA welcomes House proposal to nullify FTC CARS Rule
As the National Automobile Dealers Association prepared to open NADA Show 2024 in Las Vegas, a development surfaced back in Washington, D.C., that the organization cheered, too. Rep. Kelly Armstrong, a North Dakota Republican in the U.S. House of Representatives, … [Read More]
Klarna and Clover ink in-store BNPL pact
Klarna has moved to boost its in-store presence in the US, bringing its BNPL payment options to 100,000 merchant locations though a deal with Fiserv’s Clover point-of-sale business.
Open Lending partners with Point Predictive to boost underwriting in non-prime space
Open Lending recently formed a partnership with Point Predictive Designed to bring enhanced speed, security and performance to auto finance companies that want to book near-prime and non-prime paper, the service providers highlighted that the partnership integrates the capabilities of … [Read More]
Carleton elevates Way Milovich to general counsel & VP of compliance following Buysse’s retirement
Last week, Carleton announced the promotion of Sarah Way Milovich to general counsel and vice president of compliance following Jeff Buysse’s retirement after nearly a 40-year career managing Carleton’s compliance services. The provider of compliant financial calculations and lending document … [Read More]
AutoNation warns CDK hack put a big dent in quarterly profit
AutoNation Inc., one of the biggest chains of US car dealerships, warned the cyberattack that crippled retailers across the country…
Vroom names new CFO
Vroom’s chief financial officer, treasurer and principal financial officer, Bob Krakowiak, is stepping down effective May 17. Agnieszka Zakowicz, senior…
Puulse unveils financial services platform for freelancers
A new app for freelancers, called Puulse, has launched in the UK and Europe, providing free advance payments for gig workers experiencing a productivity lull.
BNY and OpenAI strike deal to develop AI platform
US-based investment bank and global custodian BNY has agreed a deal with OpenAI, the creator of generative AI platform ChatGPT, to help with the development of the bank’s proprietary AI platform Eliza.
Plum joins forces with Railsr to launch debit card
In its first venture into spending products, Plum has announced the launch of its degradable debit card, consolidating its position as a comprehensive money app.
PODCAST: Quality Acceptance CEO Ofer Alon on current state of subprime & more
Among the episodes of the Auto Remarketing Podcast recorded during the 2023 Vehicle Finance Conference hosted by the American Financial Services Association, this one features Quality Acceptance CEO Ofer Alon. The head of the Van Nuys, Calif.-based finance company and … [Read More]
Floorplan financiers report rise in dealer fraud
Floorplan financiers are facing an increase in fraudulent activity alongside an uptick in risky behavior and poor performance by dealerships. …
EIB announces plan to boost funding for European fintechs
The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.