Finance service

Russian Telecom Giant MTS Invests $ 11.7 Million in Blockchain Trade Finance Service: Report

MTS, one of Russia’s largest telecommunications companies, has taken over the trade finance platform Factorin, the Kommersant newspaper reported on Tuesday. According to publication, the 51% stake cost $ 11.7 million. MTS bought Factorin’s parent company, venture capital fund Digital Horizon, which retains a 25% stake. The rest is held by the Factorin team, according […]

Finance service

Maruti Suzuki Launches Online “Smart Finance” Service; Details here

Maruti Suzuki India Limited, the country’s largest automaker, has launched an online financing platform for its customers Arena and Nexa. According to the automaker, the Smart Finance platform, accessible at any time during the vehicle purchasing process, will provide end-to-end online auto finance solutions to customers. “Maruti Suzuki Smart Finance – India’s first revolutionary digital […]

Finance charge

New York DFS Concludes Two Consent Orders Related to Dealer Finance Charges | Ballard Spahr LLP

After announcing many years ago that it intended to resume with a fair application of lending in the indirect auto finance market where the CFPB left off, the New York Department of Financial Services has announced two consent orders with smaller New York chartered banks based on the allegation that allowing auto dealers to negotiate […]