Bank of America predicts national EV penetration at 25% by 2027
Bank of America estimates that EV sales penetration will slowly build over the next three years as affordability challenges, residual…
Money 20/20 EU: Ukrainian fintech is alive and thriving
What’s next for NFTs? Non-fungible tokens (NFTs) continue to dominate headlines and event agendas as 2022 roars on, yet, panellists on day two of Money 20/20 Europe argued that it is a topic where the technology is not yet fully used or understood.
Gravity Lending refinance applications jump nearly 30%
Gravity Lending’s auto refinance applications and approvals have grown year over year, driven by declining interest rates and the resurgence…
Revolut to offer bond trading for EU clients
UK fintech Revolut has set its sights on Europe’s fixed income market as the next investment option for its clients.
Teylor secures €150m from Fasanara Capital to accelerate pan-European SME financing expansion
The strategic partnership with the London-based asset manager will support the expansion of Teylor’s factoring business in seven European countries and establish a pan-European financing vehicle.
NCCI & PAVE look to solve 2 repo challenges via strategic partnership
NCCI, a provider of risk resolution outsourcing (RRO) solutions with actionable intelligence to auto finance companies and other firms in the financial services industry for more than 25 years, formed a new strategic partnership with PAVE, a company that leverages … [Read More]
Powersports e-commerce gains traction — up to a point
LAS VEGAS — Online research and shopping for powersports units is gaining traction in the industry, but consumers remain hesitant…
Trump floats exceptions for auto parts facing 25% US tariffs
President Donald Trump said he is exploring possible exemptions to his tariffs on imported vehicles and parts to give auto…
Bite Investments raises $25m
Bite Investments, a technology provider for the alternative investments sector, has secured $25 million in funding from NewSpring Growth.
FTC & Wisconsin AG penalize dealer over F&I activities
A Wisconsin auto dealer group is now sustaining the consequences of what authorities deemed to be discriminatory F&I activities. The Federal Trade Commission and the Wisconsin attorney general said on Tuesday they are taking action against Rhinelander Auto Center, its … [Read More]
CPS eyes ‘organic growth’ in 2025
Subprime lender Consumer Portfolio Services is building its sales force as the company prepares for organic growth in 2025 on…
Tricolor CEO Daniel Chu out, sources say
Tricolor Chief Executive and founder Daniel Chu is no longer affiliated with the subprime auto lender, multiple sources tell Auto…
Building the future of capital markets with the cloud
The cloud has been a catalyst for accelerated development in capital markets. Firms are now using the cloud to become more agile and to increase the pace of innovation delivered to end users.
Meniga raises €10 million to meet green surge
Fintech vendor Meniga has closed a €10 million investment round to meet surging demand for its new range of green financial products.
Is Open Banking being hobbled by outages?
The UK’s Open Banking revolution is being hampered by outages that banks are taking weeks to fix, according to figures from SME lender Growth Street – an analysis that has been categorically refuted by the Open Banking standards setter.