FusionIQ launches wealth management product for digital wallet providers
FusionIQ has unveiled a wealth management platform designed specifically for digital wallet companies.
Freeway Funding becomes first client to use new capital program from Agora Data
Freeway Funding is the first client to leverage a new program from Agora Data that’s designed to meet the needs of small to mid-sized finance companies. The fintech company that provides technology, capital and guidance with predictable performance and analytics … [Read More]
CACC originations rise 0.3%
Credit Acceptance Corp.’s originations and number of active dealers rose in the fourth quarter as the subprime lender’s used-vehicle market…
Launcher & OTTOMOTO partner to streamline auto-finance originations
Launcher, a technology provider specializing in automotive financing originations, announced a strategic integration partnership last week with OTTOMOTO, a dealer auto retail finance platform offering a full suite of desking tools. The companies highlighted the partnership allows finance companies using … [Read More]
Tensec raises $12m to become Stripe for global trade
Tensec, a startup founded by ex-Rapyd, Meta, and Goldman Sachs executives, has raised $12 million in seed funding to take on the $190 trillion B2B cross-border payments market.
Fuse raises $6.6m to power cross-border payments in Mena
Truelayer and BVNK veterans have raised $6.6 million for their startup building the infrastructure to power real-time cross-border payments in the Middle East and North Africa.
Wells Fargo Auto originations soar 114% with Volkswagen deal
Wells Fargo Auto’s preferred financing arrangement with Volkswagen contributed to double growth of auto originations year over year in the…
Mastercard invests in no-code AI platform Signzy
Mastercard has joined a $5.4 million funding round for Bangalore-based no-code AI platform Signzy.
Rabobank joins funding round in Hawk
German RegTech Hawk has extended its Series B funding round with an additional investment from Dutch bank Rabobank.
Santander launches savings and investment calculator
The UK arm of Santander has added a free savings and investment calculator to its website to help customers compare the potential returns on their money.
Scivantage sets up fintech incubator programme
Capital markets tech house Scivantage is teaming with Hoboken’s Stevens Institute of Technology to launch a fintech incubator programme promising capital, IT support and guidance to successful entrants.
UK fintech investment down 34% in 2023
Total UK fintech investment dropped to $12.3 billion in 2023, down 34% from $18.7 billion in 2022, according to KPMG’s Pulse of Fintech, a bi-annual report on fintech investment trends
KBRA: 4 elements likely to keep credit performance on seasonal softening trajectory
The newest report from Kroll Bond Rating Agency (KBRA) showed not only weaker credit performance based on securitized prime and non-prime auto finance pools, but experts also pinpointed four ingredients that might keep the trend going in that direction. KBRA … [Read More]
Retailers, lenders target automated payments, AI support
Lenders and retailers are focused on automating payments wherever possible and using AI for customer communication and servicing. Retailer Carvana…
NMAC eyes completion of receivables system in FY 2025
Nissan Motor Acceptance Co. this year plans to complete the integration of a new loan and lease receivables system to…