TNFD releases guidance on state-of-nature data collection
The Taskforce on Nature-related Financial Disclosures (TNFD) has released eight recommendations to upgrading the nature data value chain for market participants.
DriveitAway secures $2M credit line
NASHVILLE — DriveItAway Holdings has secured a $2 million credit facility led by Auto Leasing II as the subscription-to-own platform…
Klarna to hire 100 engineers for new tech hub in Poland
Klarna has opened a new technology hub in Warsaw, reflecting the city’s growing reputation as a centre of technology innovation.
Octane Lending enters marine market
LAS VEGAS — Powersports lender Octane Lending announced this week that the company has entered the marine market. “We’re relatively…
US economy slows and inflation jumps, damping soft-landing hopes
US economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run…
American Honda enhancing CPO offerings in 2025
American Honda Motor Co. in 2025 will improve its certified pre-owned vehicle program to meet consumer demand for older vehicles…
TransUnion: Affordability concerning as originations sag
After sifting through the latest quarterly data, one finding became clear to Satyan Merchant, who is senior vice president and automotive and mortgage business leader at TransUnion. “Affordability remains an issue in the used-vehicle market,” Merchant said in a news … [Read More]
BBVA partners 500 Global to identify disruptive startups
BBVA has teamed up with VC 500 Global to develop an “intelligence platform” that will help the bank identify new startups, technologies and trends.
CFPB examines carveouts in state data privacy laws for financial institutions
The Consumer Financial Protection Bureau recently released a report examining federal and state-level privacy protections for consumers’ financial data. The regulator said its report noted that protections under federal regulations for financial data have limits. Yet, officials pointed out many … [Read More]
GM Financial lease originations up 9%
Increased lease production contributed to an uptick in GM Financial’s consumer portfolio in the second quarter as the captive’s floorplan…
Sibos 2019: Swift heads for the Cloud
Banking co-operative Swift is to provide a jumping board to large public cloud providers Microsoft and Google, and roll out its own private cloud services for institutions connecting to the network.
Motorhome values fall 15% year over year
Motorhome values fell year over year and month over month in October, continuing a gradual decline following a July peak. …
NextGen Nordics 2024: NPC promoting innovation and harmonisation in the Nordics
NextGen Nordics, Finextra’s annual payments event, kicked off on April 23 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry.
OpenFX raises $23m to bring real-time settlement to cross-border payments
Foreign exchange infrastructure company OpenFX has emerged from stealth with $23 million in funding led by Accel.
Dealers prioritize lenders that invest in underwriting tech
SAN DIEGO — Dealers are consolidating the number of lenders they work with and prioritizing lenders who invest in underwriting…