BBVA virtual assistant gets AI-powered account and card management features
BBVA has revamped its personal virtual assistant, adding AI-powered account and card management features.
FCA takes next steps in developing regulated crypto regime
The UK’s Financial Conduct Authority has set out its latest steps to improve the integrity of the UK’s crypto market.
Sibos 2023: Temenos Payments Hub launched on IBM Cloud
Temenos has announced that Temenos Payments Hub, a payments solution, is available as the first of its kind on IBM Cloud for Financial Services.
Fintechs join UK ‘Tech Zero’ climate taskforce
Revolut, Starling and Wise are among a host of UK fintechs to join a new ‘Tech Zero’ taskforce to tackle climate change.
Mass EV adoption slows amid headwinds
Social impact, lack of dealer support and struggling business models are hindering mass EV adoption while EV manufacturers Rivian and…
UACC originations decline 19.5%
Vroom subsidiary United Auto Credit Corp.’s originations declined in the fourth quarter while liquidity improved as the company looked to…
USAA names Brian Goldman chief risk officer
USAA on May 14 named Brian Goldman as the lender’s new chief risk officer, effective May 27. Brian Goldman Goldman…
BBVA taps AWS for new data platform
BBVA has selected Amazon Web Services analytics and AI technology for a new data platform that will provide a secure repository of the Spanish bank’s operations and customer data.
Lazydays F&I down 0.8% year over year
RV dealer group Lazydays’ finance and insurance revenue inched down year over year in the third quarter but increased sequentially…
Edmunds: Average negative equity surges in Q3 to all-time high
In March, Edmunds said “negative equity is rearing its ugly head.” After looking at its third-quarter data that showed average negative equity hitting an all-time high, Edmunds acknowledged on Tuesday that the trend now is “nothing short of alarming.” Edmunds … [Read More]
Lazydays F&I dips 9.6% year over year
RV dealer group Lazydays’ finance and insurance revenue fell year over year in the second quarter following mixed sales performance…
SoftBank in talks for $5 billion margin loan
SoftBank Group is reportedly asking global banks to borrow $5 billion as founder Masayoshi Son pours funding into AI investments.
Auto Finance News projects auto outstandings to rise (Big Wheels)
Auto outstandings are forecasted to gradually tick up after the first quarter of 2025 after remaining flat at the end…
Singularity raises $2.2m to help institutions access DeFi
Singularity, a startup developing a protocol to provide institutions with compliant and confidential access to DeFi, has raised $2.2 million.
UK home to 3m ‘Frankenstein identities, posing multi-billion pound threat
The UK is home to nearly three million “Frankenstein” identities stitched together by fraudsters out of real and made up personal details, according to researchers who warn of a potential multi-billion pound hit to the economy.