Morgan Stanley to buy E*Trade for $13bn
Morgan Stanley has agreed a deal to buy online discount brokerage E*Trade Financial in an all-stock deal worth around $13 billion.
Stablecoin payment system Next Generation secures $5 million in Seed funding
French fintech Next Generation has secured $5 million in Seed funding to drive the launch of its B2B payment ecosystem and pursue M&A opportunities.
Captive underwriting holds steady in volatile market
Captives have maintained their purchase policies in the face of compressed profit margins, rising capital costs, supply shortages and mixed…
Loanbridge.AI & AutoSquared.AI partner to speed up repossessions & trim impound fees
With Cox Automotive chief economist Jonathan Smoke making note of them this week, vehicle repossessions might be an even higher priority for finance companies nowadays. To help with the situation, Loanbridge.AI and AutoSquared.AI reiterated their partnership is aimed to improve … [Read More]
Sweden’s Scayl raises €100m to address fintech lending gap
Swedish startup Scayl, a debt financing platform based in Stockholm, has raised €100M to address a lending gap in the fintech sector.
SEC head warns AI could cause financial crisis
It is “nearly unavoidable” that AI will trigger a financial crisis within the decade unless regulators step in, says Securities and Exchange Commission head Gary Gensler.
PwC Italy and SKChain Advisors prep blockchain-based digital identity product
PwC Italy has joined forces with blockchain consultancy SKChain Advisors to develop an enterprise-grade Web3 EU digital identity product.
Auto stocks drop after Trump floats more auto tariffs
Auto manufacturers’ shares tumbled Friday after President Donald Trump floated potential increases to existing auto tariffs. “I might go up…
Digital asset infrastructure firm Metaco raises $17m
Swiss digital asset infrastructure startup Metaco has raised $17 million in a series A funding round led by Giesecke+Devrient and joined by Standard Chartered Bank and Zürcher Kantonalbank.
BBVA wins plaudits from OpenAI for ChatGPT5 tests
During the global launch of its new language model, OpenAI has identified BBVA as one of the first institutions to adopt the technology in the financial sector, cutting weeks off the time to conduct technical tasks.
Tapi buys Mastercard’s Arcus assets for Mexico push
Argentinian payments processor tapi has acquired the utility payments and cash handling operations of Mastercard’s Mexican business Arcus.
Klarna to use AI to halve workforce
Klarna saw revenue rise 27% in the first half of 2024, buoyed by its aggressive use of AI, which CEO Sebastian Siemiatkowski says could help the BNPL giant halve its workforce.
Startups selected for inaugural climate incubator
Eight climate-focused startups have been selected to participate in what is claimed to be the world’s first climate-focused fintech incubator in the Nordics and Baltics.
Credit unions navigate ‘fiercely competitive’ market
Competition is ramping up across the auto finance industry as incentives increase, prompting banks and credit unions to keep a…
Have the wheels come off the robo-advisory market?
Has the wealth management industry hit peak robo? That’s the question being asked by Global Data following the restructuring of Hedgeable, the first actively managed robo-advisor, just short of it’s tenth anniversary.