Auto finance – IPDA Online http://ipdaonline.org/ Sun, 10 Oct 2021 11:12:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.1 https://ipdaonline.org/wp-content/uploads/2021/08/icon-2021-08-02T225720.860.png Auto finance – IPDA Online http://ipdaonline.org/ 32 32 Stock investors fear supply chain issues could hurt profits https://ipdaonline.org/stock-investors-fear-supply-chain-issues-could-hurt-profits/ https://ipdaonline.org/stock-investors-fear-supply-chain-issues-could-hurt-profits/#respond Sat, 09 Oct 2021 20:00:00 +0000 https://ipdaonline.org/stock-investors-fear-supply-chain-issues-could-hurt-profits/ (Bloomberg) – Reopening demand and abandoned containers have created bottlenecks in supply chains just as the holiday shopping season kicks off in North America. It also leads to downward revisions to analysts’ estimates for the next earnings season. Bloomberg’s Most Read Few people expect supply grunts to end this year as an energy crisis stokes […]]]>

(Bloomberg) – Reopening demand and abandoned containers have created bottlenecks in supply chains just as the holiday shopping season kicks off in North America. It also leads to downward revisions to analysts’ estimates for the next earnings season.

Bloomberg’s Most Read

Few people expect supply grunts to end this year as an energy crisis stokes inflation fears. Caution is required in the semiconductor, retail and commodity industries.

“Supply chain problems will persist, causing dramatically higher prices and major upheaval in parts of markets that no one expects,” said George Ball, chairman of the Houston-based investment firm. Sanders Morris Harris. “Almost all segments of the economy that are not purely service or technology driven will be struggling with supply chain issues for a long time. “

The many reasons why global supply chains have become so hassled

Here are some of the challenges and opportunities identified by investors for key sectors ahead of the earnings season:

Semi-snags

For the semiconductor industry, more capacity is expected to emerge only towards the end of 2022 due to plant closures and longer delivery times. An electricity crisis in China could also worsen the situation by closing factories.

However, with the reopening of hubs such as Malaysia, the pricing power of some companies could weaken, especially at a time when the costs of materials such as silicon are skyrocketing.

DRAM and NAND chip prices already appear to be peaking, and 12-month earnings estimates for chipmaking giants Samsung Electronics Ltd., Micron Technology Inc. and Intel Corp. have fluctuated or fallen over the past two months. Stocks are down about 20% or more from recent highs.

“While many of them have seen record earnings increases, stocks have not followed suit,” said Christopher Rolland, analyst at Susquehanna. “It tells me that at this point some of that dismay is spilling over into stocks more broadly.”

The world is running out of computer chips. Here’s why: QuickTake

Automatic woes

Chip shortages are also behind the estimated $ 210 billion in lost sales for automakers this year. Many reported a drop in third-quarter revenues, made worse by traffic jams and port congestion. However, with the industry’s problems well documented, some analysts see most of the downsides already addressed.

“We consider the third quarter to be probably the trough in terms of automotive production” in the United States, although there may be multiple cuts to forecasts from suppliers, analysts at Morgan Stanley wrote on Wednesday, including Adam Jonas. “But the production cuts seem well telegraphed, so don’t be surprised to see investors buying the 3Q chip drop.”

The MSCI AC World Automobiles & Components Index has climbed to a relative seven-month high against the overall market since late August.

Automakers such as Tesla Inc. and Toyota Motor Corp. appear to be handling shortages better than others, with the Japanese automaker reporting a 1.4% increase in sales in the last quarter.

“Toyota has handled its chip sourcing very well so far,” as they approached supplier relationships differently after an earthquake earlier this year halted production, said Tineke Frikkee, head of UK equity research at Waverton Investment Management.

The wait for semiconductors becomes worrisome for automakers

Retail problem

A 65% drop in Bed Bath & Beyond Inc. shares since early June illustrates the problems facing retailers around the world, with multiple bottlenecks in their supply chains, just as they have to source for the most important time of the year. One industry indicator lags the broader market by more than seven percentage points this semester as companies cut their sales and profitability forecasts.

The challenges will have a “modest” impact on third quarter margins and will have a larger effect in the next one, which captures the holiday season, said Cristina Fernandez, analyst at Telsey Advisory Group.

Plant closures make matters worse. Nike Inc. lowered its sales forecast in late September due to shutdowns in Vietnam, where tens of thousands of workers are now leaving the core of the factory. Deckers Outdoor Corp., Skechers USA Inc., Adidas AG and Under Armor Inc. also have at least a quarter of their production in Vietnam, according to Wedbush Securities analyst Tom Nikic.

“That said, the most exposed stocks have fallen by around 20% on average since mid-August, so we think investors have digested most of these issues,” Nikic wrote in a note Monday.

Crude pain

What worsens margins is the shortage of supply in the raw materials sector, pushing up raw material costs even further for companies already facing logistics challenges.

“The next disruption in supply and demand is on the energy front,” said Zhikai Chen, head of Asian equities at BNP Paribas Asset Management. “We could see other supply problems if energy rationing were to become widespread.”

Citigroup’s Global Earnings Revision Index – a global measure of analysts’ improvements minus downgrades to earnings expectations – is slumping into negative territory after hitting a record high in May.

Cotton soared by nearly a new decade on Thursday, as decarbonization policies in China and India led to an acute coal crisis and natural gas prices in Europe soar.

Yet energy shortages and high oil prices are expected to be positive for green energy producers, electric vehicles, the battery industry and the entire green energy supply chain, Willem said. Sels, Director of Private Banking Investments and Wealth Management at HSBC Holdings Plc.

Not spared

Industrial and construction companies are expected to warn of supply chain issues as they begin reporting third quarter results later this month. Supermarkets, consumer staples and e-commerce businesses are facing a shortage of truck drivers in some parts of the world.

And shippers still face a shortage of freight containers in the right place for the right price.

“The industrial at large, the food sector and the construction industry are largely unscathed and are vulnerable to further corrections to reflect the risks,” said Sanders Morris Harris’s Ball.

Bloomberg Businessweek Most Read

© 2021 Bloomberg LP

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How to prevent synthetic identity fraud as crooks gain confidence https://ipdaonline.org/how-to-prevent-synthetic-identity-fraud-as-crooks-gain-confidence/ https://ipdaonline.org/how-to-prevent-synthetic-identity-fraud-as-crooks-gain-confidence/#respond Fri, 08 Oct 2021 20:09:10 +0000 https://ipdaonline.org/how-to-prevent-synthetic-identity-fraud-as-crooks-gain-confidence/ Synthetic identity fraud, which has increased as the pandemic has forced the switch to digitalization, continues to worsen as fraudsters gain confidence. This type of identity theft uses a consumer’s real name and date of birth associated with a fake social security number. The combination of real and fake information allows scammers to pass most […]]]>

Synthetic identity fraud, which has increased as the pandemic has forced the switch to digitalization, continues to worsen as fraudsters gain confidence.

This type of identity theft uses a consumer’s real name and date of birth associated with a fake social security number. The combination of real and fake information allows scammers to pass most identity checks and gain access to funding.

As synthetic identity fraud becomes more prevalent in the auto finance industry, scammers are increasingly confident in their ability to produce credit scores between 720 and 780, Naftali harris, general manager of SentiLink, a fintech that detects and blocks fake identities, said Auto finance news. However, these scammers are 10 times more likely to default – 24.9% more likely to default in the first year with an average fee of $ 5,300, according to SentiLink, which collected data on more than 250,000. commercial lines from 2018 to 2020.

“Those [scammers] are the ones who really knew what they were doing and went out of their way to get a good credit score, ”Harris said. “The reasons why these [rates of delinquency] are so much worse, it is the fraudsters who are the most brazen.

Lenders can combat fraudulent activity during the application process by focusing on linking the consumer’s name and date of birth to the social security number, Harris said. A specific red flag to watch out for are randomly assigned Social Security numbers that have been issued within the past 15 years that do not match the person’s age.

In addition to physically monitoring deviations in the application process, lenders can also take advantage of technologies that flag anomalies, request additional documents from the consumer, and look beyond the credit report, Harris said. “Even if they have a credit file and the identities match, if that basically doesn’t make sense, that’s something [lenders] need to look, ”he said.

This year’s fraud losses are expected to increase 6.85% year-on-year to $ 7.8 billion, with identity fraud accounting for $ 1.2 billion, Predictive Point Chief strategist Frank McKenna said previously APN.

While lenders can implement practices to combat synthetic identity fraud, they should also be aware of other ploys plaguing the industry, including unemployment fraud and credit washing programs, McKenna noted. .

Auto Finance Summit, the industry’s premier event, returns October 27-29 in Las Vegas. The Summit continues to bring together the best and brightest in the industry year after year for unprecedented networking and professional training. To learn more about the 2021 event and to register, visit www.AutoFinanceSummit.com.

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Determine the Size and Share of the Automotive Financing Market in 2021 with this Research Report and Industry Forecast to 2026 – Amite Tangy Digest https://ipdaonline.org/determine-the-size-and-share-of-the-automotive-financing-market-in-2021-with-this-research-report-and-industry-forecast-to-2026-amite-tangy-digest/ https://ipdaonline.org/determine-the-size-and-share-of-the-automotive-financing-market-in-2021-with-this-research-report-and-industry-forecast-to-2026-amite-tangy-digest/#respond Thu, 07 Oct 2021 13:22:46 +0000 https://ipdaonline.org/determine-the-size-and-share-of-the-automotive-financing-market-in-2021-with-this-research-report-and-industry-forecast-to-2026-amite-tangy-digest/ Global Automotive Finance Market Analysis, Competitive Landscape, Geographic Breakdown, and Forecast Trends Market research store The report published on the Global Automotive Finance Market helps to illustrate the state of the market. In this report, the trend and other significant factors mentioned help in predicting the extent of the Automotive Financing Market growth during the […]]]>

Global Automotive Finance Market Analysis, Competitive Landscape, Geographic Breakdown, and Forecast Trends

Market research store The report published on the Global Automotive Finance Market helps to illustrate the state of the market. In this report, the trend and other significant factors mentioned help in predicting the extent of the Automotive Financing Market growth during the forecast period. All vital information is published in chronological order throughout the report, from market introduction to post-COVID-19 analysis. The report emphasizes the financial data of the Automotive Financing market which includes the flawless valuation, annual investments, production, sales, revenue, profit generated or loss incurred, and so on. The global auto finance market is reportedly thriving at a specific rate due to growing customer preferences and increasing adoption of a growing number of innovative approaches. Global Automotive Finance Market Report Features Comprehensive Profiles of Some of the Leading Performing Organizations and Startups Across the Globe Ford Motor Credit, Toyota Financial Services, Ally Financial, Daimler, Volkswagen Financial Services.

Get a free sample report + all related charts and graphs (with COVID 19 impact analysis): https://www.marketresearchstore.com/sample/auto-finance-market-782052

Some important tables of contents:

Market Snapshot
Global Market Landscape by Player
Player Profiles
World production, revenue (value), price trend by type
Market Analysis by Application
World production, consumption, export, import by region (2013-2021)
Production, Revenue (Value) by Region (2013-2021)
Manufacturing analysis
Industrial chain, sourcing strategy and downstream buyers
Market dynamics
Global Market Forecast (2021-2027)
Research findings and conclusion
Annex

The Global Automotive financing market is a vast platform that constantly offers many opportunities to entrepreneurs, investors and entrepreneurs. Therefore, people related to auto finance companies are highly recommended to acquire knowledge about auto finance market through the fundamental information sealed in the MRS-released Automotive Financing Market Report. The report highlights some of the reliable and sound ideas, approaches and concepts that help businesses to grow remarkably and generate considerable revenue besides providing satisfactory services to their customers.

Analysis of the impact of the COVID-19 pandemic: understanding the short and long term effects

Most businesses are facing a growing list of critical issues related to the coronavirus outbreak, including supply chain issues, the possibility of a recession, and declining consumer spending. All of these situations will play out differently in different locations and industries, requiring more accurate and timely market research than ever before.

Request a pre and post Covid-19 impact analysis on companies: https://www.marketresearchstore.com/sample/auto-finance-market-782052

The Global Automotive Financing Market report describes all the major growth parameters, limitations, current trends, historical market fluctuations, and other upcoming prospects that might accelerate or slow down the growth of the global market. Furthermore, the report also includes a comprehensive summary of Automotive Finance Market analysis which involves the use of some sophisticated concepts and tools such as SWOT analysis. To manage intelligible and sophisticated information related to the global automotive finance market, experts at MRS have fragmented the market into plausible segments {Auto loans, leases}; {Used vehicle, New vehicle}. The report also includes information on important parameters of individual segments of the Automotive Financing market. In order to assess basic information, which includes capitalization, production / sales ratio, company share, revenue, and after-sales service of the Automotive Finance market in a specific region, the experts divided the market on the basis of the geography of the United States, Canada and Mexico in North America, Peru, Brazil, Argentina and the rest of South America as part of South America, Germany, Italy, United Kingdom, France , Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia , Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, United Arab Emirates, Kuwait, Israel, Egypt, Rest of Middle East and Africa.

Report attribute:

Market size available for years – 2021 – 2027

Reference year considered – 2020

Historical data – 2016 – 2020

Forecast period – 2021 – 2027

Quantitative units – Turnover in millions of USD and CAGR from 2021 to 2027

Covered segments – Types, applications, end users, etc.

Cover of the report – Revenue forecast, company ranking, competitive landscape, growth factors and trends

Regional scope – North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Price and purchase options – Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Request a personalized copy of this report here (including COVID-19 impact assessment): https://www.marketresearchstore.com/sample/auto-finance-market-782052

The organization has allocated a separate section in the Global Automotive Finance Market report to explain in detail the impact of the global foreclosure in the coming years. This crucial information published in the report can help uncover some phenomenal opportunities related to starting a business, expanding a business’s footprint, and investing in a potentially growing business.

Frequently Asked Questions

1) What have been the pre- and post-business effects of COVID-19 on the Automotive Financing market?

2) What is the market size and what is the market share of the Automotive Financing market?

3) Who are the main players in the automotive financing market?

4) What will be the future of the Auto Finance Market?

Inquire More For This Report Before Purchase: https://www.marketresearchstore.com/inquiry/auto-finance-market-782052

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Stocks to watch: Nazara Technologies, TCS, Srei https://ipdaonline.org/stocks-to-watch-nazara-technologies-tcs-srei/ https://ipdaonline.org/stocks-to-watch-nazara-technologies-tcs-srei/#respond Thu, 07 Oct 2021 01:42:47 +0000 https://ipdaonline.org/stocks-to-watch-nazara-technologies-tcs-srei/ TCS: Global IT services, consulting and business solutions organization Tata Consultancy Services, announced that its long-standing partnership with State Bank of India (SBI), India’s largest bank, has been extended for five years as the bank begins its next stage of growth based on the three pillars of technology, resilience and people. Nazara Technologies: Nazara Technologies, […]]]>

TCS: Global IT services, consulting and business solutions organization Tata Consultancy Services, announced that its long-standing partnership with State Bank of India (SBI), India’s largest bank, has been extended for five years as the bank begins its next stage of growth based on the three pillars of technology, resilience and people.

Nazara Technologies: Nazara Technologies, the online games company backed by Rakesh Jhunjhunwala, has raised ??315 crore through a preferential allocation of equity shares to two institutional investors, the company said in an exchange document.

Srei: The promoters of the Kolkata-based Srei Group, Adisri Commercial Pvt. Ltd, moved the Bombay High Court against the action of the Reserve Bank of India (RBI) against Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL). The promoters of the Srei group have requested the suspension of all insolvency proceedings against the two companies.

IRCTC: The national stock market giant continued to grow and rose around 20% during the week, with the company benefiting from an improved outlook for the travel and tourism industry with the lifting of covid restrictions and the economic recovery.

IDBI Bank: IDBI, due to its founding week, is showcasing its retail asset products this holiday season. The products would include auto loans, student loans, and home loans with enhanced functionality.

Nalco: The National Aluminum Company Limited (Nalco) was the only stock subject to the ban on futures and options (F&O) for trading by the National Stock Exchange (NSE) on Wednesday. The script was banned in the M&O segment because it exceeded 95% of the market wide position limit (MWPL), according to the NSE.

Addiction: Reliance Jio experienced an outage on Wednesday that affected users in Madhya Pradesh and Chhattisgarh. The company then announced a “two-day free unlimited plan” that will automatically be applied to the current plans of affected users.

Steel tata: Tata Steel had a mixed September quarter (T2FY22) in terms of overall crude steel delivery and production volume, the company said in a filing on Wednesday. Tata Steel Europe recorded steel production of 2.56 million tonnes compared to 2.67 million tonnes in the last quarter, a decrease of 4%.

Power of Tata: The company has signed a three-year business agreement with BluWave-ai, the world’s first renewable energy artificial intelligence (AI) company. This agreement comes at the conclusion of a successful test project in which Tata Power evaluated the performance of the BluWave-ai cloud platform to generate intraday and daily dispatches for use in its planning operations. ‘food.

Equitas SFB: Equitas Small Finance Bank announced the launch of the ASBA facility on its Internet banking, mobile banking and UPI interface for its clients. ASBA (Applications Supported by Blocked Amount) is a process required by Indian regulator Sebi to apply for IPOs, FPOs and others.

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ASM Global Partners With Nashville Superspeedway To Host Concerts And Festivals At Motor Racing Venue https://ipdaonline.org/asm-global-partners-with-nashville-superspeedway-to-host-concerts-and-festivals-at-motor-racing-venue/ https://ipdaonline.org/asm-global-partners-with-nashville-superspeedway-to-host-concerts-and-festivals-at-motor-racing-venue/#respond Wed, 06 Oct 2021 15:00:00 +0000 https://ipdaonline.org/asm-global-partners-with-nashville-superspeedway-to-host-concerts-and-festivals-at-motor-racing-venue/ LOS ANGELES, October 06, 2021– (BUSINESS WIRE) – ASM Global, the world’s leading producer of entertainment experiences, and Nashville Superspeedway, Music City’s headquarters for racing and live entertainment, have teamed up to bring world-class content to the Middle Tennessee and the area. It will be the first motor racing site in ASM’s vast global network. […]]]>

LOS ANGELES, October 06, 2021– (BUSINESS WIRE) – ASM Global, the world’s leading producer of entertainment experiences, and Nashville Superspeedway, Music City’s headquarters for racing and live entertainment, have teamed up to bring world-class content to the Middle Tennessee and the area. It will be the first motor racing site in ASM’s vast global network.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211006005746/en/

(Photo: ASM Global / Nashville Superspeedway)

ASM will use its vast experience in creating and delivering live sports and music experiences, including concerts, lifestyle festivals, and drive-through and walking exhibitions in the expansive highway complex. Nashville Superspeedway currently hosts events in NASCAR’s top three series: the NASCAR Cup Series, the NASCAR Xfinity Series and the NASCAR Camping World Truck Series. The non-exclusive agreement began on September 28, 2021.

“As the world’s leading provider of live event experiences, ASM Global is uniquely positioned to provide world-class entertainment opportunities for music and sports fans in Middle Tennessee and throughout the region,” said Chuck Steedman, ASM Global Executive Vice President for Strategy and Development. “We are extremely happy to be working with Erik Moses and the Nashville Superspeedway team and to have the Superspeedway as our premier motor racing venue. The team is very active in the desire to bring a multitude of events to the Superspeedway. “

“We are delighted to partner with a global industry leader like ASM Global to continue the work we started a year ago to reopen, revitalize and reposition the Nashville Superspeedway as a beloved race track on the NASCAR circuit and a premier venue in Middle Tennessee for a diverse assortment of live events, ”said Erik Moses, president of Nashville Superspeedway. “The enthusiastic response to our first three-headed NASCAR racing weekend, including the inaugural Ally 400 NASCAR Cup Series sold-out race on Father’s Day 2021, and the support we have seen for other events held here last year have bolstered our confidence in our ability to organize, attract and host high quality sporting and entertainment events at the Nashville Superspeedway. We look forward to working with ASM Global to provide exciting entertainment for residents, visitors and guests of Middle Tennessee. “

About ASM Global

ASM Global is the world’s leading producer of entertainment experiences. It is the global leader in venue and event strategy and management, delivering locally tailored solutions and cutting edge technologies to deliver optimal results for venue owners. The company’s elite network of venues spans five continents with a portfolio of more than 300 of the world’s most prestigious arenas, stadiums, convention and exhibition centers, and performing arts venues.

About Dover Motorsports Inc.

Dover Motorsports Inc. (NYSE: DVD) is a promoter of NASCAR sanctioned powersports events whose subsidiaries own and operate the Nashville Superspeedway in Lebanon, Tennessee, and Dover International Speedway in Dover, Delaware. The company also hosts the Firefly Music Festival, produced by AEG Presents. For more information, visit DoverMotorsports.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211006005746/en/

Contacts

Jim yeager
breakwhitelight (for ASM Global)
jim@breakwhitelight.com
Mobile: 818-264-6812

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The Toyota Corolla Cross 2022 already has a discount https://ipdaonline.org/the-toyota-corolla-cross-2022-already-has-a-discount/ https://ipdaonline.org/the-toyota-corolla-cross-2022-already-has-a-discount/#respond Tue, 05 Oct 2021 22:15:05 +0000 https://ipdaonline.org/the-toyota-corolla-cross-2022-already-has-a-discount/ It’s not even released yet, but the 2022 Toyota Corolla Cross already has a $ 500 rebate when you finance through Toyota Financial Services. The offer is based on a dealer newsletter released today for incentives in Southern California, but we’re already seeing similar offers in other parts of the country. The Corolla Cross is […]]]>

It’s not even released yet, but the 2022 Toyota Corolla Cross already has a $ 500 rebate when you finance through Toyota Financial Services. The offer is based on a dealer newsletter released today for incentives in Southern California, but we’re already seeing similar offers in other parts of the country.

The Corolla Cross is part of the very popular small SUV segment and will compete with such popular models as the Nissan Rogue Sport, the Subaru Crosstrek, the VW Taos and the Kia Seltos. The Corolla Cross is based on the platform and powertrain of the Corolla sedan, but the 2.0-liter 4-cylinder that produces 169 horsepower will be available in front-wheel drive or all-wheel drive.

The Corolla Cross is expected to start at $ 23,410, including its destination charge of $ 1,215. This is a reasonable price for a new model, and we can’t wait to see what happens to the Toyota lineup. The automaker has also hinted that a hybrid version of the Corolla Cross will join the lineup later in 2022.

Besides its financial bonus of $ 500, the Corolla Cross is available to lease at a monetary factor of 0.00165 for 36 months, which equates to an interest rate of 3.69% APR. There are no special purchase prices yet, so these are the only ways to save money on the Corolla Cross since the model is brand new.

With the continuing shortage of inventory, this offer could attract some buyers and put it at a similar price to some of its closest rivals, the Subaru Crosstrek (starting at $ 23,295 with destination) and the Kia Seltos (starting at 23,665). $). For reference, the 2022 Corolla sedan and hatchback offer a choice of a $ 500 rebate or 2.9% financing for 60 months. The rate rises to 3.9% APR with a duration of 72 months.

Best Toyota Lease Deals and Incentives

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Flybits Accelerates Growth in US, Helping Corporate Banks with New Personalized Mobile Experiences in the Data Economy | New https://ipdaonline.org/flybits-accelerates-growth-in-us-helping-corporate-banks-with-new-personalized-mobile-experiences-in-the-data-economy-new/ https://ipdaonline.org/flybits-accelerates-growth-in-us-helping-corporate-banks-with-new-personalized-mobile-experiences-in-the-data-economy-new/#respond Tue, 05 Oct 2021 10:00:00 +0000 https://ipdaonline.org/flybits-accelerates-growth-in-us-helping-corporate-banks-with-new-personalized-mobile-experiences-in-the-data-economy-new/ TORONTO, October 5, 2021 / PRNewswire-PRWeb / – Flybits, the leading digital experience platform for financial services, today announced its growth in the United States, notably with TD Bank and Members 1st Federal Credit Union. Powered by Flybits, TD for Me, a digital concierge now available in the US mobile app, proactively provides personalized advice, […]]]>

TORONTO, October 5, 2021 / PRNewswire-PRWeb / – Flybits, the leading digital experience platform for financial services, today announced its growth in the United States, notably with TD Bank and Members 1st Federal Credit Union. Powered by Flybits, TD for Me, a digital concierge now available in the US mobile app, proactively provides personalized advice, service and recommendations to US TD customers based on their context, location and their interests. Such collaborations enable banks to deliver better experiences to their customers quickly and at scale while redefining customer expectations for the future of digital banking.

“We’re helping banks quickly transform their applications into destinations that go beyond transactions, especially in an age where helpful advice and personalized recommendations are critical levers for building trust,” says Sean Frigault, Vice President of Customer Success at Flybits. “Through our platform, our customers can increase engagement with their customers, delivering real-time value-added offers to them when they need them, which is a real testament to the success of such partnerships and the need market of predictive tools and proactive customer experiences. “

With Flybits, banks can solve a major challenge that many people face: maximizing the value of their digital assets and positioning themselves for the seismic change that is happening in the industry with the emergence of data and AI technologies. new generation, changing customer expectations and the rise of big technology. “We are always looking for new ways to strengthen the relationship of trust we have with our customers,” said Rizwan Khalfan, Head of Digital and Payments, TD Bank Group. “By leveraging our relationship with Flybits, we have been able to create new experiences for our customers where they feel supported and connected through our digital properties. “

TD has been recognized by several mobile banking reports as a leader in digital customer experience and most recently was named the best consumer digital bank in Canada by Global Finance.

Since the launch of Flybits in the United States, TD has deployed a dozen highly personalized experiences, including biometrics, electronic statements, mobile remote deposit capture and bill payment, providing customers with online access. real time to what they need, when they need it.

Over the past year, Flybits has helped financial institutions deploy a variety of personalized experiences for their customers, including home buying assistance, retail offerings and advice. He also championed other innovative digital experiences, including launching a small business empowerment program to boost engagement and traffic to local businesses, as well as credit counseling, COVID support services and a number of experiences that promote health and well-being.

With its seat at Toronto, and offices in the San Francisco Bay Area, new York, London, and Dubai, Flybits has expanded its team in the areas of customer success, growth, products, and engineering to support its continued expansion in the United States and beyond, to help banks around the world drive growth. innovation, agility and revenue growth.

Media contact

Jannine krish

Senior Director of Marketing, Flybits

Telephone: +1 416 666 3707

Email: jannine.krish@flybits.com

About Flybits

Flybits is the leading customer experience platform for the financial services industry, delivering personalization at scale. Equipped with the most advanced capabilities in the market, its enterprise-level solution brings relevant content, products, offerings and information to a bank’s digital channels based on the needs of each customer at the important times. With Flybits, banks are able to design, launch and measure data-driven consumer experiences that deliver the right information to the right customer at the right time, while preserving their privacy.

For more information, visit http://www.flybits.com.

About TD

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the fifth largest bank in North America by asset and serves over 26 million customers in three key businesses operating in a number of financial center locations around the world: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing and TD Insurance; US Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance US, TD Wealth (US) and an investment in The Charles Schwab Corporation; and Wholesale Banking Services, including TD Securities. TD is also one of the world’s leading online financial services companies, with more than 15 million active online and mobile customers. TD had 1.7 trillion Canadian dollars in assets on April 30, 2021. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and the New York Stock Exchanges.

Media contact

Jannine krish, Flybits, 1 416 666 3707, jkrish@flybits.com

SOURCE Flybits

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Triumph Business Capital Appoints Rob Wright as Chief Product Officer | Texas News https://ipdaonline.org/triumph-business-capital-appoints-rob-wright-as-chief-product-officer-texas-news/ https://ipdaonline.org/triumph-business-capital-appoints-rob-wright-as-chief-product-officer-texas-news/#respond Mon, 04 Oct 2021 20:05:00 +0000 https://ipdaonline.org/triumph-business-capital-appoints-rob-wright-as-chief-product-officer-texas-news/ DALLAS, October 4, 2021 / PRNewswire / – Triumph Business Capital, an affiliate of Triumph Bancorp, Inc. (Nasdaq: TBK) and provider of working capital financing solutions to small and medium-sized businesses, today announced the appointment of Rob wright as a product manager. Wright will report to the General Manager, Geoff brenner. Rob wright joins Triumph […]]]>

DALLAS, October 4, 2021 / PRNewswire / – Triumph Business Capital, an affiliate of Triumph Bancorp, Inc. (Nasdaq: TBK) and provider of working capital financing solutions to small and medium-sized businesses, today announced the appointment of Rob wright as a product manager. Wright will report to the General Manager, Geoff brenner.

Rob wright joins Triumph Business Capital as Chief Product Officer.

As Chief Product Officer, Wright will be responsible for the strategy and execution of the product activities of Triumph Business Capital. Wright will lead and facilitate the creation of products designed to deliver value to customers and oversee all areas of product development and delivery.

“Rob’s experience delivering innovative experiences to a wide range of customers will play a vital role in the reimagined Triumph experience for the transportation industry and beyond,” said Brenner. “Rob’s leadership will be invaluable in our efforts to discern the needs of our internal and external customers and translate them into an intuitive, world-class product suite.”

Wright joins Triumph Business Capital from Capital One, where he most recently served as Product Manager for flagship consumer automotive website Auto Navigator. During his seven-year tenure at Capital One, Wright led the product teams in the company’s Auto Finance division, delivering innovative experiences to a wide range of clients including consumers, internal sales teams and dealers.

“I am very pleased to join the leadership team of Triumph Business Capital, helping to improve a range of products tailored to the needs of our customers,” said Wright. “I look forward to joining a company clearly focused on creating innovative solutions that deliver unique and enjoyable experiences to its customers and partners. “

ABOUT TRIUMPH BUSINESS CAPITAL

Triumph Business Capital is a provider of invoice factoring solutions for industries such as transportation, oil and gas, manufacturing, staffing, security, wholesalers, distributors and business services. For nearly two decades, Triumph Business Capital has provided invoice factoring to thousands of businesses and transportation companies. The strength of Triumph’s commitment is reflected in its product innovation, strong strategic partnerships and valued customer partnerships. www.invoicefactoring.com

Triumph Business Capital is an operating subsidiary of TBK Bank, SSB, member of the FDIC and member of the Triumph Bancorp, Inc. group (Nasdaq: TBK). Triumph Bancorp is a financial holding company providing a diverse range of banking, payment and factoring services.

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SOURCE Triumph Business Capital

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Marianne Lake and Jennifer Piepszak | The most powerful women of 2021 https://ipdaonline.org/marianne-lake-and-jennifer-piepszak-the-most-powerful-women-of-2021/ https://ipdaonline.org/marianne-lake-and-jennifer-piepszak-the-most-powerful-women-of-2021/#respond Mon, 04 Oct 2021 09:40:24 +0000 https://ipdaonline.org/marianne-lake-and-jennifer-piepszak-the-most-powerful-women-of-2021/ Two years ago, Marianne Lake and Jennifer Piepszak switched jobs, as the company’s CFO and senior CEO of consumer banking. It was a moment that revealed to industry watchers just how serious JPMorgan Chase was in giving every executive the experience they would one day, perhaps, need to take charge of the entire operation. . […]]]>

Two years ago, Marianne Lake and Jennifer Piepszak switched jobs, as the company’s CFO and senior CEO of consumer banking. It was a moment that revealed to industry watchers just how serious JPMorgan Chase was in giving every executive the experience they would one day, perhaps, need to take charge of the entire operation. .

This year, JPM raised the bar and achieved our first ever MPW list tie by putting the pair in the same job at the same time: Co-CEOs of Consumer Banking and Community.

Neither woman technically heads a Wall Street bank yet (that honor is still only held by Jane Fraser at Citi), but that shared work is near. With $ 51 billion in net income and $ 8 billion in net income, Chase is bigger than Goldman Sachs and is said to be the sixth largest bank on Wall Street alone.

The pair have complementary resumes. Lake, 52, earned his stripes as a financial executive with a knack for numbers that analysts find remarkable, while Piepszak, 51, rose through the ranks in merchant and investment banking positions.

In this role of co-CEO, each continues to gain experience in areas in which they do not yet have much. Lake, a British registry in New York, oversees payments, loans, and commerce – divisions like auto finance and card services – while Piepszak manages personal and business banking and wealth management.

Some observers wonder why two women were placed in what appears to be a showdown for the top post (the pair took over from retired executive Gordon Smith, who led the solo operation). Others are simply skeptical of the effectiveness of co-leadership roles at such a high level (although job sharing arrangements are not uncommon in finance). “In the rare situation where it does work, it’s great,” says Jane Stevenson, vice president of board services and CEO of leadership consulting firm Korn Ferry. “But if you have competition between the two leaders, it tends to create destructive or toxic elements.”

In public statements, Lake and Piepszak have always underlined their mutual respect and support – and analysts say they see the two as top candidates to succeed Jamie Dimon (though likely not for some time, given its new retention of 1.5 million options over five years). premium). “You just have to look at them and you are in awe of their quality,” says Glenn Schorr, Evercore analyst.

For those who wish to see another woman run a bank on Wall Street, an arrangement that puts two respected executives closer to the top is only good news. —Emma Hinchliffe

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Record sales of unwanted loans fuel dividend payouts https://ipdaonline.org/record-sales-of-unwanted-loans-fuel-dividend-payouts/ https://ipdaonline.org/record-sales-of-unwanted-loans-fuel-dividend-payouts/#respond Sun, 03 Oct 2021 13:00:00 +0000 https://ipdaonline.org/record-sales-of-unwanted-loans-fuel-dividend-payouts/ U.S. companies have sold a record amount of notorious loans to raise funds for dividends this year, fueled by a recovering economy and investor demand for higher-yielding assets. Non-financial companies, including insurer Asurion LLC and fast food restaurant chain Whataburger Inc., have issued more than $ 72 billion in speculative-grade loans to pay dividends in […]]]>

U.S. companies have sold a record amount of notorious loans to raise funds for dividends this year, fueled by a recovering economy and investor demand for higher-yielding assets.

Non-financial companies, including insurer Asurion LLC and fast food restaurant chain Whataburger Inc., have issued more than $ 72 billion in speculative-grade loans to pay dividends in 2021, according to S&P Global Market’s LCD Intelligence. This is already an annual record for data dating back to 2000, surpassing the previous 2013 record of $ 54.4 billion.

The record marks a sign that companies are becoming more comfortable with their cash-filled balance sheets and the trajectory of the economy, analysts said. Leverage loans are typically issued by companies that are heavily indebted to their earnings, making them more sensitive to the trajectory of the economy.

Now economists are upping growth forecasts for next year, suggesting a rebound in spending and production slowed by supply chain disruptions and the Covid-19 Delta variant. This offsets the consequences of issuing debt to fund dividends, which can strain credit ratings and borrowing capacity of companies, since the money is not used for operations.

U.S. firms have also issued a record amount of junk bonds this year, while sales of leveraged loans are on track to surpass the 2017 record of $ 503 billion. After the Federal Reserve cut interest rates to near zero and began buying billions of dollars in bonds, many companies were able to cut interest costs and raise record amounts of cash by selling junk debt, thanks to strong demand from investors looking for higher returns.

Some companies are starting to pass this money on to their shareholders or to spend it. In addition to dividends, more than $ 294 billion in badly rated loans have been sold to fund business mergers and acquisitions, breaking the previous record of around $ 275 billion in 2018 over the coming months.

“Much of the loan market’s repricing and refinancing needs have been addressed,” said Anders Persson, director of global fixed income investments at Nuveen. “I expect we will see less of these deals and focus more and more on M&A opportunities and dividends.”

One of the main beneficiaries of the boom: private equity. Companies owned by private equity firms sold more than $ 60 billion in leveraged loans to pay dividends, another 21-year record.

Dividend payments can provide private equity firms with additional liquidity and a temporary increase in profits. They also help pay business investors who have paid money to buy the business. This group typically includes college endowments and pension funds, among other institutions.

Dividend payments reward private equity investors as these companies pursue new debt buyouts. The low returns on traditional fixed income assets have caused many investors to turn to private equity and other alternative asset managers for higher returns. Meanwhile, the average LBO price has risen this year, requiring more upfront cash from buyers.

The biggest buyers of low-rated loans are secured loan bonds, which bundle debt into securities. CLO sales set a record this year at more than $ 124 billion, with analysts expecting them to remain high through the end of the year, providing continued demand for new loans.

Funds that hold leveraged loans, whose payments typically increase with interest rates, can help investors hedge their holdings of fixed-rate bonds against Fed increases and higher-than-expected inflation. , which erodes fixed payments of bonds, said Rajay Bagaria, president and CEO. Head of Investments at Wasserstein Debt Opportunities.

“Investors are increasingly turning to leveraged loans,” he said. “The demand for bad debt has broken all records. “

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Strong investor demand has helped push yields on leveraged loans to new lows, allowing borrowers to take on more debt at lower interest costs. The average yield to maturity of S & P / LSTA index loans fell to a record low of 4.2% at the end of September.

Earlier this year, Asurion, an insurer for personal technology devices such as cellphones and tablets, sold $ 3.3 billion in single-B plus and single-B rated loans to fund a dividend to its owners. , the second largest transaction this year. The loans brought the company’s total debt to more than six times earnings before interest, taxes, depreciation and amortization, according to a Moody’s Investors Service report.

Last month, Autokiniton US Holdings Inc., an auto parts supplier owned by KPS Capital Partners, sold a $ 375 million loan due in 2028 to fund a dividend to shareholders. The disproportionate demand from investors allowed the company to increase the loan amount, which is rated single-B.

About three in four loans sold in 2021 had a single B credit rating. Despite the high volume, the average yield on newly issued, B-rated corporate debt this year is around 4.8%. This is lower than the average return of 5.9% over the past 10 years, suggesting that investors are not being paid enough for the additional risks they take, according to a recent report by S&P Global Ratings.

Mr Persson says his company is comfortable getting a little extra yield on lending, given Fed support and economic growth, but remains cautious about which companies to choose.

“We are very aware of the low quality tilt towards new loan issuance, which is a bit stretched in our view,” he said. “This makes credit selection more important than ever. “

Write to Sebastian Pellejero at sebastian.pellejero@wsj.com

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