Auto loan rates fall following Fed rate cut (Big Wheels)
Auto loan interest rates on new and used vehicles fell year over year in October. The dip in loan rates…
Fraudsters mount attacks on auto loan pre-qualification technology
In a new effort to exploit auto pre-qualification web apps, scammers are testing hundreds of identities within minutes to see…
CFTC cautions against AI: ‘be wary of the hype’
The Commodity Futures Trading Commission (CFTC) has issued a customer advisory warning to the public to keep an eye out for artificial intelligence (AI) scams.
Standard Chartered taps Starling BaaS platform for green savings product
Standard Chartered’s innovation arm has enlisted the help of Starling Bank for a digital platform that will help UK savers invest in green and sustainable projects.
Launcher builds on 5 partnerships established last year by integrating with Automatic
After forming five partnerships last year, Launcher finalized another one last week. This time, the technology provider specializing in automotive loan originations announced a strategic integration partnership with Automatic, a leading provider of dealership digital automation solutions for the automotive … [Read More]
Sustainable Finance Live sneak peek: Finastra’s Chirine Ben Zaied
As Sustainable Finance Live 2023 approaches on 10 October at Events@No6 London, Finextra spoke to a few speakers to provide attendees with an insight into what’s to come. This week we spoke with Chirine Ben Zaied, head of innovation at Finastra who will be mentoring the hackathon participants, which is taking place ahead of and during the conference.
Bank consortium to develop Position Reporting Utility
A consortium of five global banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC have formed a joint venture company to create a Position Reporting Utility for reporting securities holdings to regulatory bodies.
Used-car values climb 0.8%
Overall used-vehicle values ticked up in January as price changes year over year were mixed across market segments. The…
Wealth app Chip scores £6m investment from Channel 4 VC arm
Chip has secured its first institutional investment, with the venture capital unit of UK TV station Channel 4 pumping £6 million into the digital wealth app at a £208 million valuation.
Private credit’s sketchy marks get warning shot from Wall Street’s top cop
Wall Street’s top prosecutor has a warning for private-market players getting creative with their numbers. Stark divergences in how competing…
Temenos hops on to Google Cloud
Looking to capitalise on explosive growth in cloud adoption by banking institutions, Swiss core banking vendor Temenos is extending its partnership with Google Cloud.
AIR welcomes passage of Illinois law involving data contained in repossessed vehicles
The Alliance of Illinois Repossessors (AIR) cheered the signing of SB 0800 into law by Gov. J.B. Pritzer, a development the organization said solidified the nation’s first law related to consumer data protection and repossessed vehicles. The July 28 signing … [Read More]
Lloyds PE unit invests in LendingMetrics
Lloyds Banking Group’s private equity investor LDC has backed credit risk technology provider LendingMetrics.
Vroom settles with FTC, ordered to pay $1M to impacted car buyers
The Federal Trade Commission said late Tuesday that it took enforcement actions against Vroom for misrepresenting that the retailer thoroughly examined all vehicles before listing them for sale. The FTC also said Vroom failed to obtain consumers’ consent to shipment … [Read More]
Zest AI integrates credit decisioning & fraud detection into Temenos loan origination solution
In a move geared toward more credit access, Zest AI on Tuesday announced the native integration of its automated underwriting and fraud detection with the Temenos loan origination solution. The companies highlighted this seamless integration provides traditional financial institutions in … [Read More]