Chainalysis buys AI fraud detection firm Alterya
Blockchain analysis giant Chainalysis has acquired generative AI-powered fraud detection startup Alterya.
AutoPayPlus welcomes new agency development manager
AutoPayPlus by US Equity Advantage continued its recent string of moves by announcing the appointment of Steven Weir as agency development manager. In this role, the automated financial concierge service said Weir will be responsible for building and supporting strong … [Read More]
High used-vehicle prices put continued pressure on LTVs
Elevated vehicle prices have continued to put pressure on used-vehicle loan-to-value ratios. LTVs for used vehicles remained high in the…
CFPB roundup: Proposed settlement with credit repair firm totals $2.7B
Among a series of activities in recent days, the Consumer Financial Protection Bureau entered a proposed settlement on Monday with what the regulator called “a ring of corporate entities” operating some of the largest credit repair brands in the country, … [Read More]
PIMFA WealthTech and Morningstar launch ‘Duty of Care’ tech challenge
The technology arm of trade association PIMFA has teamed up with Morningstar to launch a ‘Duty of Care Tech Challenge’ that will bring together the fintech and wealth management sectors in an effort to find ways of ensuring consumer duty rules are met.
CreditGauge reveals some stability in subprime auto finance & overall credit market
While overall consumer credit balances remained largely stable, the March edition of CreditGauge from VantageScore offered deeper insight into the subprime credit tier and auto financing. When looking only at subprime consumers — what VantageScore pegs as individuals with scores … [Read More]
JPMorgan Chase creates $3 million prize pot for innovation challenge
JPMorgan Chase has stumped up $3 million in prize money to entice developers to build applications that directly address consumer debt and financial well-being.
Octane inks ‘evergreen’ agreement with Georgia’s Own Credit Union
Georgia’s Own Credit Union and powersports lender Octane Lending on Jan. 28 announced a multiyear forward-flow agreement with hopes to…
Ally tops J.D. Power dealer financing satisfaction charts in subprime for second straight year
Ally Financial topped the ranking among subprime auto finance companies for the second consecutive year, according to the J.D. Power 2022 U.S. Dealer Financing Satisfaction Study, which was released on Thursday. Ally Financial ranked highest in overall dealer satisfaction among … [Read More]
Bakkt sees shares plunge as crypto firm loses major customers
Shares in digital asset player Bakkt tumbled by more than a third on news that the firm has lost two major customers, Bank pf America and Webull.
AI and cloud remove barriers to entry for real-time intraday liquidity
Financial institutions must actively manage their intraday liquidity but getting to this point continues to be a challenge, as banks are required to capture the information they need in real-time while at the same time meeting increased regulatory reporting obligations.
PNC Financial appoints new president and other staff moves
PNC Financial appoints Lyons president Pittsburgh-based PNC Financial Services Group has named Michael P. Lyons president following a unanimous vote…
Guavapay suspends UK services under FCA agreement
London-based fintech Guavapay says it has temporarily suspended its UK services under an agreement with the Financial Conduct Authority following “significant challenges” with fraudulent activity.
M1 Finance raises $75m
M1 Finance has raised $75 million in a Series D funding round for its “super app” offering automated investing, borrowing and banking products.
Droit gets UBS backing for expansion into wealth management
US RegTech Droit has secures $23 million in Series B funding with support from Pivot Partners and UBS as co-leads, and existing investor Goldman Sachs.