April powersports deals rise amid tariff uncertainty
While tariffs haven’t directly affected pricing on powersports equipment, they have led to increased incentives. Some cash rebates rose and…
Fnality rolls out ‘earmarking’ for programmable payments
Fnality, the international consortium of global banks focused on building a blockchain-based payment system to support the adoption of tokenised assets and marketplaces, has released a new feature that allows banks to programme funds for release upon receipt of proof of an event elsewhere.
Ex-Googler unveils ‘family office for the world’
A group of former Googlers has raised $90 million for a startup promising to bring the benefits of family offices to the masses.
MiddleGame Ventures raises new fintech fund
MiddleGame Ventures (MGV), a Luxembourg-based investment firm focused on fintech startups, has raised a new fund targeting early-stage investments in Europe.
All-digital provider enters warranty space for dealers
Another warranty and service contract provider now is in the market to serve franchised and independent dealerships. This week, Titan Warranty Administration publicly launched its all-digital platform, specializing in manufacturing and administering customized service contracts and limited warranty programs. Titan … [Read More]
Carvana to grow inventory with new KC center
Carvana will expand its inventory of vehicles following increased retail sales in the second quarter and strong finance penetration. …
Ally partners with Microsoft Azure to prepare quantum computing-ready workforce
US fintech Ally Financial will collaborate with Microsoft on Azure Quantum solutions to develop quantum computing skills and explore how new algorithms and future quantum hardware could improve customer experience.
Sustainable Finance Live 2024: Ronesans Enerji’s Green Finance Framework
Earlier this month, Ronesans Enerji announced its Green Finance Framework to drive sustainable development in Turkey. A collaboration between financial investment institution Ronesans Holding and TotalEnergies, the joint venture aims to push forth proactive green finance projects.
Analysts revise April Dealertrack Credit Availability Index when sharing May reading
Cox Automotive took a second look at the April reading of the Dealertrack Credit Availability Index. As a result, both the April and May readings looked a bit more favorable for dealerships and finance companies. What might be ahead later … [Read More]
Dealertrack index for June shows more credit tightening
First, Edmunds highlighted how much negative equity and lengthening terms surfaced within auto financing booked during the second quarter. Then, Cox Automotive pointed out how difficult it might have been to get approved for auto financing at all last month. … [Read More]
Winnebago promotional liabilities fall 2.8% year over year
RV and marine manufacturer Winnebago Industries decreased its promotional liabilities year over year in the first quarter of fiscal 2025…
Gauging auto-finance & consumer impact after Fed’s 10th straight interest rate rise
From buying cars to happy hour drinks, inflation, interest rates and a turbulent economy are continuing to leave negative ramifications. And the Federal Reserve just pushed interest rates up another 25 basis points on Wednesday. “All bets are off if … [Read More]
Auto credit tightens in November
November typically contains a variety of enticement offerings to get consumers to spend on holiday gifts. Evidently, finance companies didn’t take that approach to stimulate automotive retail activity like what might have happened for electronics or home and personal items. … [Read More]
Natech secures $33 million ahead of launch of Greek digital bank
Greek core banking vendor Natech has completed a Series B capital increase, securing over $33 million in growth funding.
Judge dismisses antitrust suit against Apple, Visa and Mastercard
A US judge has dismissed a lawsuit accusing Apple, Visa and Mastercard of conspiring to suppress competition in the market for point-of-sale payment card services, according to Reuters.