November powersport sales fall 5.4% year over year
Powersports sales declined for the ninth consecutive month in November as industry leaders hope for improved consumer sentiment and sales…
Mambu CEO Danilkis quits
Cloud banking platform Mambu’s CEO and co-founder Eugene Danilkis has resigned with immediate effect for “personal reasons”.
Podcast: AFN and Experian talk affordability, credit, EVs
The fourth quarter highlighted still-elevated auto delinquencies, growing lease share and competitive market conditions. Credit performance worsened in Q4, with…
Google integrates LLM Gemini Nano to prevent evolving scams
Alongside the release of their ‘Fighting Scams in Search Report’, Google have shared how Chrome, Search and Android are using AI-powered technologies to defend users against online scams.
Bilt hits $10.75bn valuation
Neighbourhood loyalty platform Bilt has raised $250 million in primary funding, sending its valuation soaring to $10.75 billion.
Slash raises $41m for ‘vertical banking’
Slash has raised $41 million at a $370 million valuation for its business banking platform that promises to end the one-size-fits-all model and instead provide bespoke offerings for different industries.
Tesla Finance’s lease penetration hits 5.4%
Tesla Finance’s lease penetration ticked up in the fourth quarter while full-year sales dropped year over year for the first…
NextGen: AI: AI adoption is thriving in the financial sector
According to Lloyds, two out of three financial institutions are already investing in AI. Discover why at Finextra’s inaugural NextGen: AI event this November.
Ireland’s fintech funding slumps
2023 saw a 94% decline in funding for Irish fintechs, according to recently published research.
NAB partners with Greener to help small businesses reduce carbon emissions
National Australia Bank has commenced work with portfolio company Greener to help its small business clients reduce their carbon emissions.
Singapore central bank pledges $150 million to support new fintech projects
Singapore’s central bank is to commit up to $150 million to support startups developing innovative financial technologies over the next three years.
Top 5 compliance stories in 2024
Federal regulators in 2024 have been active in auto finance, levying hefty fines against major banks and pushing for stricter…
Nationwide consolidates data estate to pave the way for GenAI
Nationwide Building Society is to expand its use of Generative AI, after reporting a successful first implementation with Microsoft.
Digital pound consultation: User privacy and access to cash key concerns
The UK Government has vowed to pass primary legislation guaranteeing user privacy in the event of a future digital pound.
Wells Fargo Auto’s originations surge 87% YoY
Wells Fargo Auto’s originations soared in the second quarter as credit tightening yielded stronger performance. Auto originations totaled $6.9 billion,…