Trade organizations tackle add-on product compliance
Refunds of add-on products following cancellations and voluntary product compliance are some of the biggest pain points facing auto lenders,…
Senators urge regulators to take action on Zelle fraud
Senate Democrats, including Elizabeth Warren, have called on financial regulators to take action to tackle fraud related to the bank-owned Zelle P2P payments service.
Auto fraud losses 21 times larger than credit card losses
The auto industry continues to lose millions through synthetic identity auto fraud, as fraudsters cobble together real and fake identities….
Finnish fintech Enfuce to track CO2e emissions of purchases
Working in tandem with Amazon Web Services and Mastercard, Finnish fintech Enfuce has launched My Carbon Action, a digital tool that allows businesses to track and calculate the carbon dioxide equivalent (CO2e) emissions of every purchase and provide insights into their climate change impact.
Banks regain lead in used market with 28% of loans
Banks regained their position as the leading lender type for used vehicles in the first quarter of 2024 while captives…
Subprime auto ABS ratings examined in 3 stressed scenarios
S&P Global Ratings went to its investment research laboratory recently because market participants have become increasingly concerned about subprime auto ABS given that the economy may be on the precipice of a recession wherein unemployment levels would likely rise and … [Read More]
Brexit brain drain hitting UK financial services industry
The Brexit brain drain is hampering UK financial services firms in the chase for highly sought-after tech talent, according to a report from TheCityUK and Odgers Berndtson and supported by Banco Santander.
UK government urged to implement compulsory financial education from primary school
The UK government has been called to make financial education compulsory from primary school by GoHenry, at an event in the House of Commons this week.
Banco Sabadell and TSB sign $1 billion cloud services deal with IBM
Banco Sabadell has signed a ten-year $1 billion deal with IBM to advance its hybrid cloud strategy, while UK subsidiary TSB contracts with Big Blue to rebuild its technological infrastructure after last year’s disastrous IT meltdown.
Crypto trader convicted of $110m fraud
A cryptocurrency trader has been convicted of fraud in connection with a $110 million market manipulation case.
ANZ invests $50 million in climate finance firm Pollination
ANZ has invested $50 million for a minority equity stake in climate change investment and advisory group Pollination.
MAS chief rubbishes private crypto in speech
Private cryptocurrencies have failed the basic test of digital money and are likely to be in decline in the near future
DWS moves toward first German-regulated euro stablecoin
German asset management company DWS has launched a new company in a step towards creating the first German-regulated cryptocurrency.
US arrests crypto exchange founder
US authorities have charged the Russian founder of Hong Kong-based crypto exchange Bitzlato, which it says was used to launder hundreds of millions of dollars in criminal proceeds from the darknet.
Mosaic and Euroclear team to generate smarter fixed income data
Mosaic Smart Data has teamed up with Euroclear to launch Smart Markets, an AI-powered tool for parsing unstructured fixed income data to generate actionable trading insights.