Nonprime losses jump 87 basis points in November
Nonprime credit performance across securitized auto loans worsened in November as prime performance saw slight deterioration, a pattern that experts…
Circle applies for national trust bank status
Stablecoin firm Circle has applied to create a national trust bank, moving further into the mainstream following its blockbuster IPO last month.
Juice raises £25m for founder-focused lending platform
Juice, a UK-based alternative lending platform for digital founders, has raised £25 million in funding.
PODCAST: New NAF Association president Micky Watts
Micky Watts of Anderson Brothers Bank is the new president of the National Automotive Finance Association. Cherokee Media Group’s Nick Zulovich connected with Watts during this year’s Non-Prime Auto Financing Conference to recap his journey from joining the association more … [Read More]
Money20/20: Neobank dedicated to scientific research to launch this year
During Money20/20 in Amsterdam, Finextra caught up with Daniel Baeriswyl, CEO and founder of Science Card, a neobank that offers customers an online current account and the opportunity to make contributions to impactful peer-reviewed scientific research.
Asbury Auto, Group 1 F&I revenue see double-digit YoY jump
Asbury Automotive and Group 1 Automotive saw double-digit year-over-year gains in finance and insurance profits in tandem with higher fourth-quarter…
Bunq makes GenAI assistant fully conversational
Dutch neobank bunq has upgraded its GenAI assistant Finn to make it “fully conversational” and rolled out a travel insurance product.
Motorhome values fall 20.4% YoY at auction
Motorhomes and towables values fell sequentially and year over year at auction in May, halting two months of sequential climbs…
Slowing EV sales growth prompts incentives, price cuts
Slowing electric vehicle sales growth has spurred an uptick in EV incentives and continued price declines. The industry hasn’t seen…
USAA melding human, AI interactions
USAA is testing ways to improve the digital experience and identify when human intervention is necessary, Scott Serpico, associate vice…
Money20/20: Enfuce partners with SEB Embedded to drive embedded finance
Enfuce has announced its partnership with Swedish banking as a service (BaaS) provider SEB Embedded, part of SEB, to offer a full virtual and physical card solution tech stack to SEB Embedded’s BaaS customers.
New-vehicle affordability at highest in 3 years
New-vehicle affordability improved in August to its best level since May 2021 as auto loan interest rates declined and incentives…
Standard Chartered predicts bitcoin will hit $500,000 in the next three years
Standard Chartered’s head of digital assets Geoffrey Kendrick is forecasting that bitcoin could hit a high of $500,000 over the next three years.
Endless pizzas and free gadgets keep Masters of Code challengers hacking
Over 100 developers from 15 teams crammed into a co-working space at Fishburners in Sydney for the launch of MasterCard’s first-ever global hackathon series, exceeding the card scheme’s aspirations for the event.
Pagaya closes $300M auto ABS deal, eyes diversification
Pagaya Technologies issued its first auto asset-backed securitization deal of 2025 and plans to diversify its funding sources and drive…