Crypto trader convicted of $110m fraud
A cryptocurrency trader has been convicted of fraud in connection with a $110 million market manipulation case.
Payment infrastructure startup Polar raises $10 million
Polar, a fintech startup building payment infrastructure for AI-native SaaS companies, has raised a $10 million Seed round.
How the cloud adds value to open banking business models and strategy
While open banking was initially regarded by many as a typical compliance exercise, following the implementation of the Second Payments Services Directive (PSD2), banks are now shifting gears and going beyond the regulatory requirements by leveraging the benefits of open APIs to cater to customer needs and innovate open banking business models.
Broadridge releases GenAI tool for cutting settlement fails
Broadridge has launched a ChatGPT-style Large Language Model for streamlining back office operations and cutting settlement fails.
CBDC pilot projects seeing adoption in Ghana and Thailand – Giesecke + Devrient
Raoul Herborg, managing director, central bank digital currency (CBDC) solutions at Giesecke and Devrient (G+D) spoke to Finextra on their release of a recent survey on CBDC progress worldwide, and what we can expect from CBDCs in the coming years.
ChatGPT interprets ‘Fed speak’ to predict direction of interest rates
A new study by researchers at Sheffield Hallam University demonstrates the ability of large language models like ChatGPT to predict future interest rate decisions by central banks.
London fintech startup Brava launches stablecoin management system
Brava, a London-based startup, has gone live with a set-it-and-fogert-it stablecoin management system for streamlined yield generation.
Auto finance fraud exposure slips to $7.9B in 2023
Synthetic identity fraud contributed to an estimated $7.9 billion in fraud exposure across the auto finance industry in 2023, fueled…
FCA finds not enough firms have disciplinary policies in place
The Financial Conduct Authority (FCA) found that the amount of workplace complaints have increased between 2021 and 2023, in its non-financial misconduct survey.
Podcast: ‘Weekly Wrap’ on aftermarket compliance, EVs
Aftermarket product sales have become more crucial for dealerships as vehicle profits decline, prompting the industry to increasingly turn to…
Synchrony, Octane support OEM incentives in tight market
Powersports sales are expected to face headwinds through the end of the year as affordability concerns continue to weigh on…
NAB sets five-year goal to phase out passwords
National Australia Bank says it expects to phase out passwords for internet banking within the next five years, replacing the security measure with passkeys and biometric recognition technology.
Visa launches stablecoin settlement in the US
Visa has launched stablecoin settlement in the US, letting issuers and acquirers settle in Circle’s USDC token.
Auto loan tax deduction bill on table
Auto lenders may need to prepare for additional documentation requirements as a new bill aims to make auto loan interest…
Auto stocks slide on tariff news: Ford down 5.9%, GM down 4.3%
Ford, General Motors and Stellantis stocks dropped in premarket trading and proceeded to fall throughout the day. At market close…