ATP reaches 2024 high, up 1.5% year over year
Average transaction prices rose for the second month in a row in November, reaching their highest level of 2024. The…
Biden opposes digital asset bill
President Biden and SEC chair Gary Gensler have both criticised a new cryptocurrency bill ahead of a US House of Representatives vote.
Money 20/20: A spotlight on the fintech reopening access to African markets
At the start of Covid, large Fortune 500 companies began to leave the African financial markets, citing too much illiquidity and uncertainty. One Ireland-based startup, featured on this year’s Money 20/20 ‘Startup Spotlight’ session, built a solution.
Top fintech chiefs join Innovate Finance ‘Unicorn Council’
Innovate Finance has convened the CEOs and founders of the UK’s largest fintech businesses to create a ‘Unicorn Council’ to lobby gobernment on behalf of the industtry.
What’s the Sahm Rule? Are we already in a recession? 3 economists respond
Last week, ADP Research Institute chief economist Nela Richardson said, “If inflation goes back up, it won’t be because of labor.” But the ongoing labor situation might be giving a clear indication the economy already is in a recession, potentially … [Read More]
Warwick Business School opens fintech research centre
Warwick Business School has opened a research centre for financial technology backed by a £3 million donation from Clive Gillmore, an alumnus of Warwick University and CEO and Group CIO of Mondrian Investment Partners
Equifax, Experian & TransUnion remove medical collections debt under $500 on credit reports
In a move that could influence auto finance underwriting, Equifax, Experian and TransUnion jointly announced on Tuesday that medical collection debt with an initial reported balance of less than $500 has been removed from U.S. consumer credit reports. With this … [Read More]
Powell tells congress Fed still in no rush to lower rates
Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that…
Barclays launches Eagle Lab Farm to boost UK agriculture
Barclays has teamed up with the University of Lincoln to open a lab housing cutting-edge agricultural technology that will support entrepreneurs and researchers looking to boost the UK’s farming sector.
MarineMax F&I revenue up 8.6%
Marine retailer MarineMax’s finance and insurance revenue rose in its fiscal 2025 as net sales increased alongside Brunswick product sales. MarineMax is the largest retailer of Sea Ray…
Mandatory ELT processing gaining momentum
Cox Automotive senior director of government affairs Sarah Hunsicker gave both historical background and forward-looking perspectives about electronic lien and title (ELT) processing, which is now mandatory in 13 states. Hunsicker recapped in a company podcast with Deshaun Sheppard, a … [Read More]
AutoPayPlus sees client demand necessitate 30% growth in workforce
AutoPayPlus has good reasons to be in a celebratory mood this summer. The payment processing company recently hosted an employee gathering because AutoPayPlus’ workforce has grown by 30% year-over-year, sparked in part because of “innovative business process enhancements, increasing customer … [Read More]
BIS project puts promissory notes on the blockchain
Project Promissa, a collaboration between the Bank for International Settlements’ Innovation Hub, the Swiss National Bank, and the World Bank, has demonstrated that paper-based promissory notes can be redesigned using distributed ledger technology (DLT) to address operational challenges that make the process time-consuming and cumbersome.
5 questions with … Synchrony SVP of Credit Acquisition Strategy Anita Chalkley
Anita Chalkley, senior vice president of credit acquisition at Synchrony Financial, draws on personal credit challenges to advocate for broader financial…
US and UK sanction Russian cybergang members
The United States and United Kingdom have imposed sanctions on seven members of the Russian hacking collective Trickbot.