UK green fintech Tred winds up; blames APP fraud reimbursement rules
UK green fintech startup Tred is to wind down its business, blaming the shutdown on new reimbursement rules on authorised push payment fraud.
Wealth management firms to embrace tech and see off fintech insurgents – report
Wealth management firms are falling short of client expectations when it comes to their use of technology, but established players in the field are likely to respond well to the digital revolution and will not be displaced by fintech insurgents, new research from Roubini ThoughtLab suggests.
Julius Baer, Euroclear and DIFC to address challenges around crypto inheritance
The DIFC Innovation Hub, Julius Baer and Euroclear are collaborating on a three-month tech sprint to develop services for digital assets inheritance and estate planning.
Moment raises $36m to automate fixed income
Moment has raised $36 million in Series B funding led by Index Ventures for its platform automating trading and portfolio management workflows for fixed income teams.
Trump floats higher auto tariff, guts California gas-car ban
President Donald Trump said he may raise US auto tariffs in order to boost domestic auto manufacturing, a move that…
Revolut achieves $75 billion valuation
Revolut has completed a share sale, valuing the company at $75 billion.
Toyota sees record global sales despite Trump tariff turmoil
Toyota Motor Corp. saw record global sales during the first half of 2025 as strong demand for hybrid vehicles in…
NatWest to build generative AI tools and expertise with AWS
NatWest is extending its collaboration with Amazon Web Services to incorporate the uptake of new generative AI technology from the cloud provider.
Some captives charging dealers for failing to process loans digitally
Hyundai Capital America is charging dealers fees for paper contracts to get them to switch to e-contracting, and GM Financial…
Crypto bank Silvergate pays $63m to settle regulator charges
The parent company of crypto-focused bank Silvergate has agreed to pay $63 million to settle US regulatory charges about its anti-money laundering programme and the losses sustained during the collapse of FTX.
Singapore robo-advisor Smartly shuts down
Singaporean robo-advisory platform Smartly is to wind down, citing intense competition in the wealth management space.
BIS and MAS map blueprint for assessing bank climate risk
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.
Powersport sales down 6.3% year over year
LAS VEGAS — Nearly three-quarters of powersport dealers reported their year-over-year sales fell in October, the eighth consecutive month of…
Foxconn in talks with Nissan shareholder Renault, CNA says
Hon Hai Precision Industry Co., the iPhone maker known as Foxconn, is in talks with Nissan Motor Co.’s biggest shareholder…
FCA appoint ESG director and CIO
The UK’s Financial Conduct Authority has appointed Sacha Sadan director of environment, social and governance (ESG) and Ian Alderton as chief information officer and Ian Phoenix as director, intelligence and digital.