Before November closed, Scotiabank collected another accolade. Scotiabank was named the winner of the Judge’s Choice Award for Responsible Innovation in Financial Services at the 2019 Annual Canadian FinTech & AI Awards. The awards recognize banks, credit unions, innovators, investors, advisory firms, law firms, technology companies, impactors and thought leaders across Canada in financial services. […] [Read More]

Just before Thanksgiving, two firms in the payments space finalized a partnership. Data Center Inc. (DCI), the privately owned developer of iCore360 core banking software and related omnichannel technologies, announced a partnership with the Clearing House (TCH) to bring real-time payment transactions to hundreds more community banks nationwide via the connection of iCore360 to the RTP […] [Read More]

Finastra recently turned to a former Experian executive to be its new chief data officer. Formed in 2017 by the combination of Misys and D+H, the cloud-based platform for open innovation designed to help global financial institutions as well as community banks and credit unions hired Lisa Fiondella to lead its comprehensive data strategy, including […] [Read More]

Amid all of the Black Friday retail activities, RouteOne announced that CRB Auto is now an available eContracting finance source for dealers utilizing the RouteOne platform. The companies reiterated that eContracting can enable the digital exchange of critical contract documents and data between dealers and finance sources to increase efficiency and reduce contracts in transit. […] [Read More]

While keeping a close watch on lengthening contract terms, S&P Global Ratings reported that collateral performance was generally positive for the U.S. auto loan asset-backed securities (ABS) sector in September. “Losses and 60-plus-day delinquencies decreased month over month as well as year over year in both the prime and subprime segments, although recoveries in both […] [Read More]

Larry H. Miller Toyota Boulder will collect unwrapped toys through Dec. 10 to support the Boulder County Share-A-Gift program. Low-income parents living in the Boulder County School District will be invited to the “Toy Shop” for gifts, and children will be able to select from gifts such as arts and crafts, books and stocking stuffers. That […] [Read More]

Frederiek Toney says Ford Motor Co. is “acutely aware” of the current automotive service technician shortage. “The NADA Foundation’s Workforce Initiative is just one program Ford is supporting to raise awareness of and access to training and job opportunities in this growing field,” said Toney, who is president, global Ford customer service division. The NADA […] [Read More]

As part of our collection of podcasts originating from Used Car Week 2019, Black Book executive vice president of operations Anil Goyal returned for another episode. Nick asked for a comparison of Black Book’s initial forecast for wholesale values to where they might land as 2019 closes as well as how the firm is involved […] [Read More]

The Consumer Financial Protection Bureau (CFPB) understands tools such as artificial intelligence and machine learning are making their way into underwriting departments at auto finance companies and other providers of financial services. It’s why CFPB director Kathleen Kraninger recently reiterated that the regulator is keeping close tabs on the potential impact artificial intelligence (AI) and […] [Read More]

In separate public appearances this week, two members of the Federal Reserve Board gave similar, upbeat assessments about the economy and the prospects for steady performance next year. However, one of the prominent measurements of consumer sentiment showed that individuals who might be purchasing vehicles among other spending activities isn’t quite as robust. First on […] [Read More]