BNP Paribas buys majority stake in robo-advisor Gambit
BNP Paribas has made a move into the robo-advisory sector, buying a majority stake in Belgian specialist Gambit Financial Solutions. Terms of the deal were not disclosed.
DriveItAway welcomes Light as board of advisors chair
The newest industry executive to join DriveItAway Holdings sees the provider of “micro-lease to purchase” technology as being on a “path to scale.” DriveItAway announced on Thursday that it has closed a $4 million credit line funding guaranty from Menachem … [Read More]
Auto refinance volume up 69.1% YoY in Q2
Sustained affordability concerns and stabilized interest rates led to a surge in auto refinance volume in the second quarter. Refinance…
Plaid releases ML risk engine, ‘Signal’
Plaid today announced that after two years in beta, its machine learning (ML) risk engine, Signal, will be available to customers seeking to upgrade their automated clearing house (ACH) transaction services with fraud detection.
Consumer advocacy groups urge FTC to include auto in junk fee proposal
Auto sales should be included in the latest proposal on junk fees, consumer advocates told an FTC public hearing on…
ABN Amro-owned neobroker fined €1.6m for paying finfluencers
BUX, the European neobroker owned by ABN Amro, has been fined €1.6 million by Dutch regulators for paying finfluencers, existing customers and comparison websites for introducing new customers.
Honda, Nissan drop talks to combine, pledge to collaborate
Honda Motor Co. and Nissan Motor Co. formally ended negotiations to combine, bringing to a swift end a partnership that…
MAS and Google Cloud collaborate on generative AI
The Monetary Authority of Singapore is to work with Google Cloud to explore potential use cases for generative AI.
F&I Sentinel adds Ewing to board ‘at a pivotal moment’
In a move happening “at a pivotal moment” for the company, F&I Sentinel appointed fintech leader and compliance expert Frank Ewing to its board of directors this week. The provider of tech-enabled solutions for F&I products highlighted that Ewing has … [Read More]
VinFast gets $150 million loan from Barclays for working capital
Vietnam’s largest carmaker VinFast Auto Ltd. has secured a $150 million loan from Barclays Plc, as it advances expansion efforts…
CFPB halves estimate of ‘credit invisible’ consumers
The Consumer Financial Protection Bureau has updated its methodology for determining the number of consumers with thin-file or no credit…
EV leasing doubles YoY as sales growth slows
The share of leased EVs more than doubled year over year in the first quarter as the EV sales rate continued to…
Only momentary tariff bump interrupts ongoing expansion of auto credit access
It appears only talk about tariffs disrupted the upward trajectory of expanded auto credit access since last summer. Cox Automotive reported the Dealertrack Credit Availability Index improved again in July, marking the third consecutive month of enhanced credit access. The … [Read More]
Barclays preps social enterprise hackathons
Barclays is inviting UK tech and design bods to take part in a pair of hackathon weekends where they will work on socially useful finance-related ideas.
PODCAST: Another visit with Paul McCarthy of Protective Asset Protection
Paul McCarthy, vice president of sales, key accounts, at Protective Asset Protection, made another appearance on the Auto Remarketing Podcast for a conversation about dealerships and their F&I activities. McCarthy recapped Protective’s latest dealer survey and how F&I professionals are … [Read More]