Fifth Third to buy Comerica in the year’s biggest US bank deal
Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, the largest US bank deal this…
Pix adds recurring payments
Brazil’s Pix instant payments platform has added a recurring payments feature.
Bank of Israel unveils design of possible digital shekel
The Bank of Israel is inviting feedback on a newly-published high-level design for a potential digital shekel.
Lloyds Banking Group patents AI-powered cybersecurity tech
Lloyds Banking Group has secured a patent for the Global Collaborations Engine (GCE), that uses intelligent algorithms to identify cyberthreats instead of false positives.
Stripe hits $91.5bn valuation as AI investment pays off
Stripe has announced a tender offer for employees and shareholders that values the payments giant at $91.5 billion, close to its 2021 peak of $95 billion.
Higher rejection rates contribute to industry performance dip (Big Wheels)
An increase in auto loan rejection rates contributed to a decline in the auto finance industry’s overall health in February,…
CFPB director nominee shares plan to reshape bureau during Senate hearing
The Senate Banking Committee hosted a two-hour hearing on Thursday to question the nominee to be director of the Consumer Financial Protection Bureau, along with nominees to be the Under Secretary of Commerce, chairman of the Council of Economic Advisors … [Read More]
NAB challenges developers to work on its API
National Australia Bank is calling on third-party developers to use its API to create innovative – and scalable – financial applications over the course of a three-day fintech hackathon.
Ally Financial names Richard new CRO, other staff moves
Ally Financial today announced the appointment of a 27-year veteran of the bank as the company’s chief risk officer as…
Finextra & Cloudera release global survey report on the state of AI adoption in financial services
Our latest Finextra global survey report ‘Turning AI potential into advantage: How financial services institutions are scaling AI’, produced in association with Cloudera, is now available to download.
Podcast: ‘Weekly Wrap’ on EV tax credit changes
Stricter federal tax credit requirements for electric vehicles have prompted price cuts, incentives, and dealer operation changes. Fewer EVs qualify…
Mercedes-Benz Mobility AG: Global credit performance is ‘fragile’
LAS VEGAS — Auto lenders are cautious of potential credit performance downturns across all regions of the globe. Exchange rate…
CarNow eyes chatbot improvements, responsible AI use
Digital retail company CarNow is using AI to streamline operations and increase productivity for dealers. CarNow, which offers digital solutions…
7 findings from first report generated by CFPB’s Auto Finance Data Pilot
The Consumer Financial Protection Bureau released its initial findings on Monday from its Auto Finance Data Pilot deployed last February. The CFPB made nine market monitoring orders to three banks, three finance companies and three captives to provide information about … [Read More]
Video conferencing startup Aveni raises £520k
Scottish fintech startup Aveni has raised £520,000 for its video conferencing-based AI technology.