High-tech ancillary products drive F&I costs up 10%
Rising vehicle costs could prompt OEMs to scale back on high-tech add-on products in some models. Kevin Cullum, president of…
Sandbar raises $4.8m for transaction monitoring software
New York City-based fintech startup Sandbar has launched its anti-money laundering, fraud and counter-terrorism risk detection software off the back of a $4.8 million seed round.
Santander cards go green in Spain
Santander has begun rolling out its sustainable payment cards made with recycled material in Spain.
Wholesale towable values drop 20.2% YoY in October
Wholesale towable and motorhome values continued to drop in October amid sales slowdowns in unfavorable weather and dealers managing their…
FinBe USA hires new chief risk officer
About a month after rolling out a financing program tailored for work trucks, FinBe USA announced the hiring of a new chief risk officer on Wednesday. Through a post on LinkedIn, FinBe USA welcomed Raghu Venkat, who is bringing more … [Read More]
Martin Lewis tops NatWest’s Celebrity Scam Super League
UK Money Saving Expert Martin Lewis tops the list of NatWest’s Celebrity Scam Super League, which ranks the the highest value cases in which a celebrity’s name or image has been used without their knowledge to lure consumers into making a fake investment.
Camping World F&I revenue up 1.6% year over year
RV dealer group Camping World’s finance and insurance revenue fell sequentially but rose year over year in the third quarter…
PODCAST: Federal- and state-level government update with AFSA
Two of the senior vice presidents from the American Financial Services Association took time during their orchestration of the 2023 Vehicle Finance Conference in Dallas for this episode of the Auto Remarketing Podcast. Celia Winslow and Danielle Fagre Arlowe discussed … [Read More]
UK’s high street banks see profits fall as online rivals gain ground
High street banks in the UK have seen their profits drop in 2024 as customers opt for alternative lenders and online banks offering both higher savings rates and more digital services.
Caixabank enables Apple Pay installment payments in Spain
CaixaBank Payments & Consumer, a specialist consumer financing and payment methods subsidiary, tackles card payments in the Iberian market, with a fleet of more than 34 million cards, more than 16 million customers and a share of 31% in invoicing purchases.
Bank of Canada explores impact of quantum computing on CBDCs
The Bank of Canada has called in local specialist evolutionQ for a research project involving quantum-safe cybersecurity technologies for greenfield digital currencies.
ECB issues digital euro vendor call
The European Central Bank has opened applications for vendors to provide components and related services for a potential digital euro in contracts that could total more than EUR1 billion.
Vervent reiterates that it’s servicing Tricolor loans
Social media memes and motivational merchandise are everywhere nowadays in business, sports and beyond with the simple phrase: Do your job. Vervent reiterated this week that the payment servicing company is doing that as it’s been roughly three weeks after … [Read More]
MasterCard invites European startups to join Start Path programme
MasterCard is inviting innovative startups from across Europe to apply for the second edition of its Start Path Europe accelerator.
4 immediate actions by acting CFPB director
Here’s perhaps a noticeable change of pace in the compliance and regulatory worlds. Both the American Financial Services Association and the Consumer Bankers Association are eager to see what’s coming next from the Consumer Financial Protection Bureau. It all stems … [Read More]