Motor finance firms are exploring the role of AI (artificial intelligence) in supporting car loan sales and FCA regulatory compliance
Lloyds Banking Group has allocated £450 million to cover potential expenses related to regulatory investigations into historic motor finance commission deals.
Carmoola, the online car finance start-up has secured a further £15.5 million in venture capital funding.
Car finance fintech Carmoola is claiming achieved an industry-first integration with Apple Pay allowing customers to pay directly through their Apple Wallet.