Mazda renews Toyota private label agreement
Mazda North American Operations has renewed its private-label financing agreement with Toyota Motor Credit Corp. Mazda Financial Services (MFS)…
Australian watchdog reviews rule book amid fears of market meltdown caused by AI
Australia’s Securities and Invesment Commission is consulting on changes to its market integrity rules amid fears that AI combined with algorithmic trading could enhance market volatility and exacerbate flash crashes.
Kashable lands $250M credit facility to expand
Kashable, a fintech platform that provides access to “socially responsible credit” and financial wellness solutions for employees, got its own boost of financial resources last week, announcing the closing of a $250 million credit facility. According to a news release, … [Read More]
Big Wheels: $91.2B in auto ABS volume outpaces 2023
Auto asset-backed securitization volume is steadily climbing as weekly reports through the first half of 2024 continue to outpace year-to-date…
EBAday: Future payments and banking challenges can be overcome with collaboration
Kicking off the 18th edition of EBAday – this time in Madrid, Spain – Wolfgang Ehrmann, chairman, Euro Banking Association, opened the show by gracing the stage and welcoming nearly 1200 practitioners from all corners of the payments and transaction banking ecosystem to discuss the latest trends and share different perspectives.
The Payments Association releases recommendations for UK growth in 2025 manifesto
The Payments Association has released its Payments Manifesto 2025, which calls for the UK government to implement 66 policies recommended by payments professionals.
NAF Association solidifies board leadership, adds 2 new directors
The National Automotive Finance Association solidified its board of directors and voted in two new members last week during its 26th annual Non-Prime Auto Financing Conference in Plano, Texas. The NAF Association announced that Paul Gillespie, who is senior vice … [Read More]
Trump’s auto tariffs, threats on allies intensify trade war
President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and pledged harsher punishment on the EU and…
Agora Data gains $400M in funding capacity
Agora Data CEO Steve Burke referenced the company being in growth mode during a conversation at NADA Show 2024 in early February. On Tuesday, the fintech company with a mission to “enable any car dealer to be a finance company” … [Read More]
Longtime Bank of America exec joins Millennium as COO
Millennium Capital and Recovery Corp. named its new chief operating officer on Wednesday, selecting former Bank of America senior vice president Don Gordon for the role. The provider of nationwide asset recovery management, skip-tracing and remarketing said Gordon will lead … [Read More]
EU considers widening scope of cybersecurity regulation
The EU is contemplating the need to widen scope of cybersecurity regulation to impact Big Tech, banks, and airlines as more companies move to the cloud to drive innovation.
Registration open for ‘Closing the GAP: Best Practices in Aftermarket Product Compliance’
Auto Finance News is pleased to present the “Closing the GAP: Best Practices in Aftermarket Product Compliance” webinar on March…
Anthropic hires former Stripe exec Guillaume Princen to lead European expansion
AI coding platform Anthropic has hired Guillaume Princen, the architect behind Stripe’s European operations, as head of Emea, as the firm prepares to hire 100 new staff for a push into Europe.
AI set to revolutionise wealth management operations – survey
Artificial intelligence is set to revolutionise the wealth management industry, with nine in 10 investors believing the technology can used effectively for researching financial products and service.
S&P Global Ratings modifies views of Lendbuzz & SAFCO securitizations
Subprime auto finance securitizations are being watched even more than usual nowadays. Late on Friday, S&P Global Ratings adjusted its ratings of securitizations provided by Lendbuzz and Southern Auto Finance Co. (SAFCO). According to a news release, S&P Global Ratings … [Read More]