Tariffs expected to drive auto insurance costs up
Tariffs will push auto insurance costs higher in 2025 just as price increases were beginning to slow after years of…
3 ways to boost DEI in auto finance
Auto companies can create inclusive workplaces by enhancing the work environment for current and future employees. Focusing on career opportunities,…
OpenAI hires Wall Street bankers to train AI in financial models
OpenAI has hired more than 100 former investment bankers to help train its AI to build financial models, according to Bloomberg.
Visa runs pilot trials of stablecoin payouts
Visa is running pilot trials of USD-backed stablecoin payouts to creators and gig workers.
S&P Global Ratings explains why impact on auto finance is more insulated compared to other sectors after natural disasters
The National Centers for Environmental Information (NCEI) said the 24 confirmed weather disaster events so far this year — including hurricanes Helene and Milton, as well as other storms and a wildfire event — created losses exceeding $1 billion each … [Read More]
Anthropic unveils Claude for Financial Services
Anthropic, the AI startup backed by Amazon and Google, has launched a tool to help finance professionals analyse markets, conduct research, and make investment decisions with its Claude models.
Beige Book: Auto sales rise as consumers race to avoid tariffs
Auto dealers across the country saw increased sales in March and early April as consumers purchased ahead of anticipated tariff-related…
CBA launches Sustainability Action Tool for businesses
Commonwealth Bank of Australia has launched a Sustainability Action Tool to provide insights into actions businesses can take to reduce their environmental impacts and lower costs.
Saxo opens trading infrastructure to the API economy
Saxo Bank is to give traders and developers access to its trading infrastructure via a new Rest-based open API, ushering in a new era of collaborative innovation.
PODCAST: Wisdom from Women in Collections and Recoveries honorees
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel featuring Women in Collections and Recoveries honorees. Belinda Beyer of American Recovery Service led the discussion about navigating difficult … [Read More]
Regulators haul ASX over the coals following batch settlement breakdown
The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (Asic) have expressed grave concerns about the management of operational risk at the country’s leading stock exchange following a batch settlement failure in December last year.
ING digital asset lead: Euro stablecoin could revolutionise music industry with tokenised royalties
Hot on the heels of news that nine European banks have partnered to launch a Euro denominated stablecoin, Finextra spoke to Floris Lugt, digital assets lead at ING, about the catalyst for this launch and why they didn’t want to wait for the ECB’s digital euro launch slated for 2029.
PayPal leads funding round in agentic AI firm Kite
PayPal Ventures has led an $18 million funding round in Kite, a company building the trust infrastructure for AI-generated autonomous payments.
Podcast: ‘Weekly Wrap’ on originations, AI-driven lending
Tech-focused companies are looking for new ways to enter the auto space amid economic headwinds and fluctuating origination performances in…
DBS: Central banks ‘troubled and intrigued’ by expansion in digital currency
DBS describes the growth of digital currency as both fascinating and daunting in a new research paper, ‘Digital Currencies: Public and Private, Present and Future’.