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French Captive Preps Direct Lending Platform Following Successful Tests in Europe

SAN FRANCISCO — RCI Bank and Services is testing direct lending in Europe, which the captive hopes to eventually expand into additional markets, Francois Peltier, RCI’s director of open innovation, said at Auto Finance Innovation 2018. Direct lending is a “huge opportunity,” and RCI Bank and Services is taking it “very seriously,” Peltier told attendees. […]

Renault-Nissan Captive Relaunches Mobility Platform Karhoo

After RCI Bank and Services purchased a majority share in the startup Karhoo in January, the bank is restarting the mobility aggregator’s operations. RCI Bank and Services is a French bank that provides automotive financing and services for the Renault-Nissan Alliance brands. As a ground-transit mobility aggregator, Karhoo will have over 150,000 vehicles available worldwide on its platform […]

RCI Bank and Services Positions Itself for Future Mobility

RCI Bank and Services grew its balance sheet to $46.6 billion, as compared to approximately $29 billion seven years ago, thanks — in part — to focusing its business model on mobility rather than just captive financing, Auto Finance News has learned. Formerly known as Renault Crédit International, RCI Bank and Services is a France-based automotive […]